- FV Bank, a digital bank handling fiat and crypto transactions, said that it would be bringing its foreign exchange payments service to its US and global account holders.
- The firm offers a wide variety of services, including deposit accounts and Visa card issuance services.
- “Adding cross-border payment options to our suite of digital banking products provides our clients with increased efficiencies, convenience, cost-savings and reliability for their international payment processing requirements,” said a senior figure at the bank.
FV Bank, a provider of online money transfer services, has expanded its digital banking service to include international transactions.
FV Bank said that it would bring its foreign exchange payments service to its US and global account holders. Its target market is thought to be cryptocurrency companies, in particular.
The bank is unusual in that it is a “digital bank”, which deals with fiat currency online, as well as acting as a custodian for digital assets.
The firm offers various services, including deposit accounts and Visa card issuance services. The latest boost will mean that integration is improved.
Global payments can be made by the firm’s clients in a number of currencies, including the pound, yen, dollar and euro. It will also be possible for clients to receive USD Coin directly into their account and have it instantly converted into US dollars upon deposit.
Miles Paschini, CEO of FV Bank, said the service would be available to account holders.
“We’re pleased to announce the launch of our integrated cross-border payment service for our FV Bank account holders,” he said.
He added that bringing international transfer into the mix would help with reliability for global processing requirements.
“Adding cross-border payment options to our suite of digital banking products provides our clients with increased efficiencies, convenience, cost-savings, and reliability for their international payment processing requirements,” he said.
He also said that the bank continued to provide strong infrastructure to the marketplace as part of its push to increase the adoption of digital assets worldwide.
“FV Bank continues to deliver pivotal infrastructure to the marketplace as we strive to provide market-leading banking services to our clients, while accelerating digital asset adoption globally through our integrated custody and settlement solutions,” he explained.
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