The problem for traditional financial institutions looking to accommodate crypto is how to on-ramp: how to facilitate crypto payments, convert them into fiat currency and manage integrated bookkeeping. Banking and payments platform BVNK is hoping to square this circle with an API-based platform that allows businesses to deal in both crypto and fiat from a single hub.

This is likely to prove essential for the businesses seeing increased demand for crypto transaction capabilities despite a sustained period of volatility in the market. This demand isn’t restricted to specialist markets, either - and is especially strong in the US, where BVNK has set its sights on expanding following a round of impressive funding. It has also recently moved into the UK with the savvy acquisiton of System Pay Services, a UK-licensed e-money fintech. This will allow it to serve UK businesses compliantly.

BVNK is processing a multi-billion annualized payment volume. With this strong start in a sector that’s increasingly warming to neobanks and open banking, BVNK’s crypto-native service is in an excellent position to reap growing demand for crypto integration within the US, UK and emerging markets going forward.