Crypto transaction as the next step for neobanks and PSPs

The financial landscape has undergone a lot of changes in recent years, and the benefits of using cryptocurrencies have become apparent. For neobanks and PSPs, crypto payments are an important step to expand digital banking services and connect with customers in a whole new way. In this article, we will look at the benefits of crypto transactions and explain how WhiteFlo, a software for crypto payment service providers, can help to take advantage of these benefits.

MiCA: facilitating mass adoption and user base growth

The introduction of the Markets in Crypto Assets Regulation (MiCA) will help to increase the level of trust among users. The crypto community welcomed the unification of European legislation. This regulation provides a transparent legal framework for cryptocurrency transactions, allowing neobanks and PSPs to move forward boldly in the cryptocurrency industry and engage more users seeking reliable and compliant crypto platforms.

Multiply revenue streams

PSPs and neobanks can expand revenue streams through offering crypto payments and services to their customers, providing secure deposits, withdrawals, exchanges, along with crypto processing software solutions. The unique crypto characteristics open up new business opportunities, meanwhile offering users new possibilities, including lending and borrowing platforms, decentralized finance (DeFi) integration, or even tokenization of real assets.

Potential Business Models

Digital technologies make it possible to take advantage of cryptocurrencies and implement new successful crypto products. By integrating cryptocurrencies, neobanks, and PSPs promote themselves as future-proof institutions that remain relevant in a rapidly changing landscape.

Conclusion

The shift to cashless payments is gaining momentum in society, so neobanks and payment service providers (PSPs) should consider crypto payment methods to keep up with the times. WhiteFlo crypto processing software can help neobanks and PSPs stay up-to-date in the digital world by ensuring smooth and secure crypto payment transactions, storage, and exchange of cryptocurrencies. This ready-made white-label solution ensures growth in the international market for companies looking for efficient software solutions.