The leading crypto exchange Bitfinex (PC42 profile) teams with OpenPayd (PC42 profile) to enable its clients real-time Single Euro Payments Area (SEPA) payments for euro-denominated deposits and withdrawals. The multi-phase collaboration is part of Bitfinex’s ambition to offer a one-stop shop for its customers’ banking and payments needs.

Through the new collaboration, Bitfinex customers will have the ability to deposit and withdraw funds to and from their accounts near-instantly.

We chose to work with OpenPayd because of its ability to help us access SEPA real-time payment rails and the speed of integration its API enables,” said Paolo Ardoino, CTO at Bitfinex. “This collaboration forms part of our continued efforts to provide a premium customer service experience to our growing user base.

We’re thrilled to be helping one of the world’s largest digital token exchanges to bridge the gap between fiat and crypto. It’s critical that Bitfinex and its customers have access to real-time payment rails and benefit from both improved customer experience and improve their potential to scale,” said Iana Dimitrova, CEO of OpenPayd.

The OpenPayd service enables the automation of critical back-end functions such as reconciliation and has enabled businesses to scale operations across Europe.