PayBito offers crypto banking solutions to a major Japanese financial institution

Offers crypto banking solutions

The coming digital age is about innovations in 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.

The BFSI sector continues to be one of the biggest adopters of cryptocurrencies and their underlying blockchain technology. Digital Asset Exchange PayBito, globally recognized for its cutting-edge white-label solutions, confirmed this trend while announcing its latest collaboration with a major Japanese financial power. The US-based exchange will offer its crypto banking solutions. This allows crypto-enterprise companies to extend the same services to their customers.

PayBito’s Crypto banking solutions present a unique view of cryptographic applications. As the name suggests, the company provides traditional banking services powered entirely by cryptocurrencies. A user can open a savings/checking bank account, earn great interest, avail of crypto-backed 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 Recognized Blockchain Pioneer Raj Chowdhury says, “The coming digital age is about innovations in 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 achieved critical success with its line of blockchain-powered white-label solutions for institutional investors looking to enter the crypto community. The company offers a white label crypto exchange for companies venturing into crypto trading services. Other solutions from the PayBito stable include portfolio management systems, matching enginealgorithm trading, and more.

The two recognized crypto advocacy groups, JCBA (Japan Crypto-Asset Business Association) and JVCEA (Japan Crypto-Asset Exchange Association), are advancing reforms to reduce crypto tax. Their proposal to the Japan Financial Services Agency (FSA) recommends a separate 20% tax system with options to carry losses forward for 3 years for individual crypto investors.

“Understandably, high tax brackets hurt retail crypto investors, pushing back the mass adoption of digital assets. A regulatory framework to ensure compliance, on the other hand, is beneficial in the long run,” concluded Raj Chowdhury, who had previously stressed the importance of blockchain analysis and active association in the evolution of cryptography.

PayBito’s crypto banking solution is recognized worldwide, attracting considerable interest from customers. The company enjoys active collaboration with companies on 6 continents in more than 26 countries, including Malta, Canada, United Arab Emirates, etc. PayBito recently made updates in its global crypto broker program and offer discounts on its white label solutions.

A recent survey found that 57.6% of the world’s largest multinationals use at least one digital asset, primarily for smart contracts and cross-border transactions. Businesses looking for an edge in the ongoing digital transformation should be sure to take advantage of the business growth opportunities that arise from crypto.

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 iOS and Android stores. PayBito services include white label crypto exchange solutions, white label payment gateway, exchange affiliate and coin list. PayBito offers some of the best rates and top-notch security in the crypto world.

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