Technology and payment services provider OpenPayd announced on Monday that it has partnered with crypto trading firm B2C2.
In a statement, OpenPayd said that B2C2 will use its technology to provide clients with faster services to send and received payments for trade settlement.
The company also said B2C2 clients will get access to multi-currency accounts and the ability to receive and send money to and from third-party companies.
B2C2 is a market maker and liquidity provider in different cryptocurrency products, including spot crypto and CFDs on cryptocurrencies.
One of the benefits of crypto is that payments and settlement can take place almost instantly. In contrast, ‘regular’ payments can take days to settle, even if a payment provider makes funds available immediately. The partnership with OpenPayd may be due to this mismatch, with OpenPayd helping provide faster settlement times for B2C2 clients when they are dealing in fiat currencies.
“Today’s digital financial ecosystem requires more agility, speed, and around-the-clock functionality—traits that conventional banking models struggle to deliver” said B2C2 Group CFO Massimo Di Placido.
“By partnering with OpenPayd and integrating their embedded finance infrastructure we’re bridging the gap between traditional and digital markets, and enabling our institutional clients to move fiat currency as swiftly and effortlessly as they transfer digital assets. This collaboration enhances our best-in-class settlement infrastructure, allowing us to support our clients with 24/7/365 instant settlement across multiple currencies.”
OpenPayd is owned by Ozan Ozerk, who also operates retail broker Eurotrader and European Merchant Bank, a banking firm that is regulated in Lithuania.
