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Web3 technology company Blockchain Reaction has launched FiatGate, a non-custodial white-label wallet and exchange platform designed to connect traditional finance with the cryptocurrency ecosystem.
This solution allows users to buy, sell, and swap cryptocurrencies while maintaining full control over their assets. FiatGate is the result of Blockchain Reaction’s collaboration with its sister company EBANQ, a white-label online banking software app that has been around for over a decade. This partnership combines Blockchain Reaction's technology with EBANQ's track record in performance and security.
Blockchain Reaction created the platform to enable end-users to engage in cryptocurrency transactions without requiring the operating company to secure a crypto license. This is possible through its non-custodial wallet structure and the integration of regulated onramp and offramp providers that manage all Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance.
FiatGate offers several features. FiatGate clients can launch their branded Web3 wallet and exchange platform within 72 hours as a white-label platform. Additionally, the platform's security infrastructure is built on leading industry technologies and utilizes the International Organization for Standardization (ISO) 27001-certified cloud infrastructure powered by Magic and Vercel.
Furthermore, users of FiatGate can benefit from integrated payment solutions, accessing various methods for deposits and withdrawals, including Swift, Single Euro Payments Area (SEPA), Faster Payments, Automated Clearing House (ACH), Fedwire, Apple Pay, Google Pay, Visa, and Mastercard.
"Our goal was to create a straightforward process that removes the complexity often associated with cryptocurrency transactions," explains Mikael Magnusson, chief executive officer (CEO) of Blockchain Reaction. "Because it is so simple, users can conduct transactions efficiently while guaranteeing all regulatory requirements are met."
The process adheres to established cryptocurrency exchange protocols while maintaining compliance with financial regulations.
Meanwhile, the team at EBANQ provides customer support and technical assistance for smooth operations.
"FiatGate is a massive advancement in our efforts to make decentralized finance (DeFi) accessible for everyday users. Our platform emphasizes user ownership and asset control while maintaining ease of use,” says the CEO.
FiatGate’s launch integrates cryptocurrency into mainstream financial practices. “Through removing barriers associated with traditional licensing requirements and working on user control over funds, FiatGate inspires greater participation in the digital economy,” Magnusson concludes.
For more information, visit https://blockchainreaction.io/, https://www.fiatgate.com/, and https://www.ebanq.com.
About Blockchain Reaction and EBANQ
Blockchain Reaction develops white-label, non-custodial wallet and exchange platforms, serving clients in 170 countries and supporting over 40 fiat currencies. The company specializes in creating decentralized financial solutions that prioritize user control and security while maintaining accessibility for everyday users.
Established over a decade ago, EBANQ provides white-label banking software to financial institutions, including banks, neobanks, electronic money institutions, and payment service providers. The platform offers comprehensive features, including multi-currency accounts, transaction management, and payment processing capabilities. EBANQ's system can be deployed within 24 hours and includes mobile banking integration, serving financial institutions across multiple continents.
The collaboration between these sister companies combines EBANQ's established banking infrastructure with Blockchain Reaction's Web3 knowledge, allowing integration between traditional banking and cryptocurrency services. Both companies maintain ISO 27001-certified cloud infrastructure for high-security standards for financial service offerings.
Contact Info:
Name: Anastasia Andrea
Email: Send Email
Organization: Blockchain Reaction
Website: https://www.blockchainreaction.io
Release ID: 89144710
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