Saber.Money is designed to cater to the needs of Web3 enterprises and is particularly aimed at offering a robust payment infrastructure that streamlines the process of managing crypto payments. The platform is set to support various popular payment banking methods, including IMPS, NEFT, UPI, and RTGS. Its goal is to facilitate faster transactions while ensuring full compliance with Indian regulations, encompassing tax handling and Know Your Customer (KYC) support.
Saber.Money Offers Robust Payment Infrastructure with Focus on Compliance and Reliability
Edul Patel, CEO of Mudrex, emphasized the key features of Saber.Money, highlighting its potential impact. He stated, “Saber.Money offers the best conversion rates in India and easy integration for applications to accept fiat-to-crypto deposits and withdrawals seamlessly.”
The target audience for Saber.Money comprises a diverse range of Web3 businesses, including Web3 gaming firms, remittance companies, and cryptocurrency exchanges. These sectors, actively involved in cryptocurrency transactions, are expected to benefit from Saber’s services, which emphasize enhanced reliability and operational efficiency.
Notably, Saber.Money has already secured early clients, indicating strong interest and potential demand for its services. Some of the early adopters include prominent names such as FireDrops by Flipkart, IndiGG, Polygon, ANQ Finance, Colexion, Acme, and Rage Fan. Additionally, an impressive roster of 40 more clients is poised to join the platform.
According to Patel, the appeal of Mudrex’s “API-driven fiat and crypto payment methods” has been a key driver for these clients seeking to integrate cryptocurrency transactions into their business operations.
Web3 Enterprises in India Set to Benefit from Enhanced Fiat-to-Crypto Transactions
Mudrex has made substantial efforts to ensure its compliance with various regulatory bodies. The company has successfully obtained registrations from India’s Financial Intelligence Unit (FIU). Furthermore, Mudrex has registered as a Virtual Asset Service Provider with the European Union and secured Organismo Agenti e Mediatori (OAM) registration in Italy.
Edul Patel, the CEO of Mudrex, shed light on the genesis of Saber.Money and its strategic development. He explained, “Initially, our focus was on building the onramp and offramp infrastructure on Mudrex to enhance our user experience. However, we quickly recognized the challenges that many businesses in the industry faced when attempting to incorporate cryptocurrency transactions. This realization, coupled with the growing regulatory clarity, motivated us to address these issues. Over the past nine months, our dedicated team has worked diligently to construct the infrastructure that efficiently caters to the diverse needs of clients.”
As the Web3 and cryptocurrency industries continue to evolve, innovative solutions like Saber.Money are emerging, ushering in a new era of financial possibilities and streamlining the adoption of cryptocurrency payments within the Indian Web3 landscape. Saber.Money’s commitment to compliance, reliability, and ease of integration positions it as a significant player in this rapidly developing sector, providing essential services to businesses seeking to harness the power of cryptocurrency transactions.