Nium Rolled out Crypto-as-a-service Offering for Financial Institutions

October 26, 2021

Nium Rolled out Crypto

Singapore-based payments unicorn Nium has carried out a crypto-as-a-service (CaaS) offering aimed at financial institutions. Nium gives turn-key reason fabricated API suites for new and traditional finance companies. Its latest offering tries to give ready-made tools amid a time of popularity in crypto.

Nium Stated Crypto-as-a-service Offering will Furnish Financial Insts.

The company said its new CaaS will furnish institutions with in-demand capabilities for crypto investment and initially upholds up to five cryptos, according to a statement on Monday. Through an API association with its platform, the firm says its customers can insert crypto marketplace services, along with KYC, regulatory monitoring, brokerage, care, and processing.

Nium has chosen to launch its item all through the U.S. with a further 15 cryptos expected to be added to the service by the following year. Another 25 nations and jurisdictions are relied upon to be upheld by the following year, including Australia, Hong Kong, and Singapore. In July, Nium got $200 million in crisp funding driven by tech investor Riverwood Capital receiving unicorn status with a valuation above $1 billion.
Our global customers are seeking an ever-increasing number of ways to differentiate their center offerings, said Prajit Nanu, fellow benefactor, and CEO at Nium. We offer access to modular fintech components for payments and card issuing – and presently, crypto.

Other than this, Ant Group and Tencent have changed references of non-fungible tokens (NFTs) to digital collectibles on their platforms and destinations, Chinese media Jiemian announced.
Up until now, NFTs have not been included in the Chinese government’s principles against crypto trading and mining. Be that as it may, state entities have warned against the utilization of NFTs for market speculation. Last week, a government-run tech park in the Guangdong province cautioned individuals against scams that go after the NFT publicity.

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