Nium, an innovative API-based platform, will be the first to allow banks and other financial institutions to include crypto capacities in their apps. These will include the ability to hold, buy, and sell popular cryptos. In the future, Nium will also enable stablecoin wallets.
In addition, the leader in global payments and card issuance for businesses is adding card issuing capabilities in the US, thereby expanding a full-range suite of global banking-as-as-service solutions.
20 cryptocurrencies supported in 35 countries by 2022
Nium’s service in the US will support five cryptocurrencies this year. Next year, they will reach 20 in 35 countries. There is no better time for Nium’s platform to launch with the total market cap of cryptos totaling $2.19 trillion. With that, this asset class has become the eighth biggest economy by GDP in the world.
Crypto exchange supported with compliance monitoring
Through a single API connection to Nium’s platform, users can hold and trade crypto with custody, brokerage, KYC, regulatory and compliance monitoring, and crypto transaction processing. These services are powered by Paxos Crypto Brokerage, a regulated enterprise-grade solution.
Prajit Nanu, Nium cofounder and CEO, said:
Our global clients are seeking more and more ways to differentiate their core offerings with the most innovative fintech services. Our embedded finance solutions accelerate the road to innovation for all businesses. With seamless API-based connections, we offer access to modular fintech elements for payments and card issuing – and now, crypto. The elements can be embedded, fast and easy, into most applications, helping companies go further, faster.
Most comprehensive payout and pay-in solution across the globe
Nium has one of the most comprehensive solutions for issuing cards, withdrawals, and deposits in the
