SwissBorg accelerates growth and selects OpenPayd's banking-

SwissBorg accelerates growth and selects OpenPayd's banking-as-a-service platform in Europe


SwissBorg accelerates growth and selects OpenPayd’s banking-as-a-service platform in Europe
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OpenPayd is providing virtual IBAN accounts and fiat on-and off-ramps enabling SwissBorg to improve user experience as it continues to scale
LONDON, 13 May, 2021 – OpenPayd, a leading global payments and banking-as-a-service (BaaS) platform for the digital economy, today announced it is working with SwissBorg, a cryptocurrency wealth management platform based on blockchain technology. OpenPayd’s platform enables SwissBorg to seamlessly embed a full suite of financial services into its user experience, driving increased processing speeds and reducing operational costs, to support further business growth.
With the price of Bitcoin continuing to set new all-time highs - the latest reaching more than $63,000 (CoinMetrics, 13 April 2021), scaling to meet demand is crucial for digital asset businesses. SwissBorg itself is an extremely fast-growing platform and, after a huge spike in user numbers, faced the unexpected need to replace their incumbent banking provider at short notice (a common issue for cryptocurrency businesses). Since launching with OpenPayd, its monthly new user growth has increased by nearly 800% - and it needed a solution to support its scaling.

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