PayBito extends its reach to the Land of the Rising Sun, offering a variant of its flagship crypto banking solutions to a renowned Japanese financial institution.
PALO ALTO, Calif., August 09, 2022 /PRNewswire-PRWeb/ -- The BFSI sector continues to be one of the biggest adopters of cryptocurrencies and their underlying blockchain technology. Digital assets exchange PayBito, globally recognized for its cutting-edge white label solutions, confirmed this trend while announcing its latest collaboration with a major Japanese finance powerhouse. The US-based exchange will be offering its crypto banking solutions. This allows crypto-venturing businesses an opportunity to extend the same services to their clients.
PayBito's Crypto Banking solutions present a unique take on crypto applications. As the name suggests, the company provides traditional banking services powered entirely by cryptocurrencies. A user can open a savings/current bank account, earn attractive interests, avail of crypto collateralized loans, custodial solutions and more. In addition to crypto assets, the crypto bank also accepts fiat denominations such as USD, INR, AED, and SGD.
PayBito CEO and noted blockchain pioneer Raj Chowdhury states, "The upcoming digital age is all about innovations in the field of financial inclusion and equality. PayBito's crypto banking platform is designed to facilitate the use of digital assets in a conventional banking context. This will be particularly beneficial in areas with poor banking infrastructure."
PayBito has enjoyed critical success with its range of blockchain-powered white label solutions for institutional investors seeking entry into the crypto community. The company offers a white-label crypto exchange for enterprises venturing into crypto trading services. Other solutions from the PayBito stable include portfolio management systems, matching engine, algorithm trading, and more.
The two recognized crypto advocacy groups, JCBA(Japan Crypto-Asset Business Association) and JVCEA(Japan Crypto-Asset Exchange Association), are pushing forward with reforms to reduce crypto tax. Their proposal to Japan's Financial Services Agency(FSA) recommends a 20% separate tax system with options to carry forward losses for 3 years for individual crypto investors.
"Naturally, high tax slabs detract retail crypto investors, pushing back the mass adoption of digital assets. Regulatory framework to ensure compliance on the other hand is beneficial in the long run," concluded Raj Chowdhury, who had previously highlighted the importance of blockchain analytics and active association in the evolution of crypto.
PayBito's crypto banking solution is recognized worldwide, generating significant customer interest. The firm enjoys active collaboration with businesses across 6 continents in more than 26 nations including Malta, Canada, UAE, and more. PayBito recently made updates in its global crypto broker program and is offering discounts on its white label solutions.
A recent survey revealed that 57.6% of the world's top MNCs use at least one digital asset, mainly for smart contracts and cross-border transactions. Enterprises seeking an edge in the ongoing digital transformation should not miss out on leveraging the business growth opportunities that stem from crypto.
- About PayBito:
PayBito is a leading cryptocurrency asset trading platform operating globally. The platform is designed and managed by a team with rich experience in Banking security systems, Cryptocurrency trading, and Blockchain technology. It is available in the web version as well as in iOS and Android stores. PayBito services include white-label crypto exchange solutions, white-label payment gateway, exchange affiliate, and coin listing. PayBito offers some of the best rates and top-notch security in the crypto world.
COLEEN F, Hashcash Digest, +14159662907, [email protected]
SOURCE Hashcash Digest