From Spain, the company Bit2me launches its service “Crypto-API”. A product with which other companies can use the Bit2Me infrastructure and operations to implement cryptocurrency and web3 white label services with proper regulatory compliance. This was reported to Cointelegraph en Español in a statement.
Bit2Me Crypto API has been specially designed for regulated entities, a sector in which traditional banking is found. However, this new service can also be used by other businesses such as neobanks, fintech companies, startups or even by those governments and public institutions who wish to start in the operations of exchange, sale and custody of cryptocurrencies.
Gabriel Ayala, Product Manager at Bit2Me Crypto API, believes that: “With this new service, a bank will be able to offer the sale of cryptocurrencies such as Bitcoin or Ethereum to its customers without having to worry about the complexity involved in setting up an exchange infrastructure.”.
Furthermore, Ayala affirms: “Bit2Me Crypto API will allow them to offer a highly demanded service quickly, safely and easily. For example, a bank could, overnight, provide crypto services to its customers and thereby open a new line of business that brings benefits to both its accounts and its users.”.
The new product of the ecosystem is integrated into the area of services for companies (B2B). Services for companies are a new business area started by Bit2Me in 2021 and that complements the current offer of the Spanish exchange for individuals.
Joao Augusto, director of regulatory compliance at Bit2Me, maintains that his company is focused on complying with regulation. “It has been this way since our birth almost 10 years ago. That is why we are in Spain and not in a tax haven like our competitors. This is key for the compliance team of an institution or a bank to agree to work with us. Today Bit2Me is the best ally, since there is no other company on European and Latin American soil that has such a wide variety of products and experience through more than 300 high-level professionals.”, Augustus maintains.
Leif Ferreira, CEO of Bit2Me said: “This product has been launched after Telefónica’s announcement of a significant investment in Bit2Me. An operation that will become a unique milestone in the blockchain technology sector, since it will be the first time in history that a multinational telecommunications company becomes part of the shareholding of an exchange.“.
From Bit2Me they tell us that CryptoAPI offers multiple modules so that companies can adapt the product to their needs. First of all, it is found “Data”, a service that allows you to view the cryptocurrency market in real time, as well as the price history. On the other hand, the serviceTrade” allows companies that their clients operate with more than 180 cryptocurrencies. They also affirm from the company that customers will be able to use “earn”, which facilitates stacking operations and allows you to obtain rewards in cryptocurrencies. Finally, Crypto API offers a module for custody of cryptocurrencies in cold wallets.
Lastly, Andrei Manuel, COO and Founder of Bit2Me shared: “It is very important to have a team of professionals 24 hours a day to minimize any type of error and to offer a series of Web3 products of the highest quality and security. That is why we have launched Bit2Me CryptoAPI, a service that will redefine traditional companies and create new use cases impossible to carry out without blockchain technology. I believe that new large business conglomerates are about to emerge thanks to this new technology”.
Disclaimer: The information and/or opinions expressed in this article do not necessarily represent the views or editorial line of Cointelegraph. The information set forth herein should not be taken as financial advice or investment recommendation. All investment and commercial movement involve risks and it is the responsibility of each person to do their due research before making an investment decision.
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Investments in crypto assets are not regulated. They may not be suitable for retail investors and the full amount invested may be lost. The services or products offered are not aimed at or accessible to investors in Spain.