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Cryptocurrency Exchange development

Crypto banking platform development services

June 20th 2024

Blog

Crypto Banking Platform Development Services

The emergence of cryptocurrencies and their cutting-edge blockchain-based mechanisms had grabbed the interest of financial institutions, traders, and investors. However, using virtual currency does away with the convenience of using cash or currency notes for purchases. New services and platforms have recently been released to assist people in managing their daily finances using bitcoin and other digital coins. With the growing acceptance of digital currencies, crypto banks are ready for a global rollout. In this blog we will see what a crypto banking platform is and how it is beneficial.

What Is Cryptocurrency Banking? 

Cryptocurrency banking is sometimes considered an imprecise term because digital currencies are not regulated by a central authority. Crypto banking means it's not a real bank, but crypto exchanges provide banking-like services like deposit, withdrawal, transaction, exchange, investment, debit card, credit card, loan and more for crypto users. Cryptocurrency banks usually allow people to keep their funds in a digital wallet or spend them like traditional money. People can manage their cryptocurrency balances on exchanges.

Benefits of Using A Crypto Banking Platform

Ready to build crypto-friendly banking solutions? Let’s discuss its benefits:

1. Fraud Proof:

We can say crypto banking is completely fraud proof because Cryptocurrency and crypto bankings are the only currency and banking systems. In crypto banking, every transaction is recorded in a public ledger with the identities of the owners being completely encrypted, guaranteeing complete security. No one person or company can totally manage it because it is not under the supervision of any bank or governmental body. The decentralized characteristic of the crypto banking platform increases its reliability.

2. Identity Theft

A digital ledger secures the all crypto transactions of crypto wallet bearers' balances within the blockchain network. A secure online transaction is another benefit of using blockchain technology. Secured smart contracts and end-to-end encryption make the system unhackable.

3. Instant Settlement

The demand for cryptocurrencies is increasing mostly due to quick and simple transactions. Blockchain technology, on which cryptocurrency banks are built, enables safe and simple transactions for them. For making financial transactions without leaving your comfort zone, you need a smart device with active internet connectivity.

4. You Are The Owner:

There is no other electronic payment system where you own your cryptocurrency account 

Features of crypto banking development 

Intuitive front end : Utilize our ready-to-use white label mobile application or integrate our banking modules into your current infrastructure for an intuitive front-end.

Secure API : Use our API management system to enable seamless interaction with a third party via a secure API.

Banking modules: With comprehensive banking modules including customer onboarding, customer accounts, trading, lending, and payments, you can guarantee your consumers a frictionless financial experience.

Bank Account: Get a SEPA IBAN account and a SWIFT IBAN account in your name to make it easier for your clients to make payments, with one serving the European Union and the other the rest of the world.

Debit Card: Give your users debit cards that can be used at retailers worldwide, both online and in-store, and are pre-loaded with fiat and cryptocurrency.

Credit Card: provide your consumers with contactless MasterCard cards so they can simply spend crypto and fiat money in actual life, everywhere that Mastercard is accepted.

Controllable wallet: Give your consumers a safe cryptocurrency wallet so they can store and send different coins. Private keys are owned by your clients, who also have total control over their money.

Remittance: Get a decentralized remittance platform that makes cross-border transactions swift, safe, and easy.

Payments : Benefit from a payment network that permits POS (Point of Sale) transactions utilizing cryptocurrency and fiat money, enabling limitless access to payments.

Merchant payment gateway: Launch a trade finance platform that enables your users to easily make and receive business payments from anybody in the globe via a merchant payment gateway.

Cryptocurrency Trading Desk: Create a trading platform so that your clients can exchange cryptocurrencies using money from their bank accounts.

Crypto banking platform development

The new digital banking ecosystem, which includes crypto banking platforms, gives you a number of advantages. Consequently, the creation of crypto banking platforms is growing in popularity in the current technological era. Investors are now very interested in developing banking solutions that are compatible with cryptocurrencies. Troniex Technologies develops the crypto banking platform with cutting-edge security features.

Why choose troniex to Launch your Crypto  Banking platform?

By working with troniex, you can rely on a group of technical and financial specialists with first-hand experience inventing successful digital banking solutions.

  • 24/7 technical support
  • Expert tech team
  • Rapid Development
  • Complete Assistance
  • Meaningful Results
  • Cost effective solutions

Simply said, crypto banks build a payment mechanism independent of traditional banks for everyday financial transactions. The safety mechanism and cheap transaction costs are where a crypto bank can really shine. The acceptance of cryptocurrency is increasing everyday. That presents numerous prospects for entrepreneurs to establish a crypto banking platform.

We have a team of blockchain specialists who can manage the challenges of developing a crypto banking platform and assist investors in taking advantage of a recently developed crypto banking platform. Partner with us if you've also made the decision to create crypto-friendly financial products. We offer a white label banking solution and are experts in developing specialized banking platforms.

 

To discuss your business needs, schedule a free demo of our white label solution or get in touch with one of our subject matter experts.