Swiss cryptoasset fintech, XEROF, has unveiled its new web3 services platform, aimed at reducing frictions between digital and fiat currencies for web3 and crypto-native companies. These offerings, including third-party payments and investment solutions, cater specifically to companies encountering challenges in accessing fiat banking services.
Streamlining Payment Processes
XEROF’s latest payment service enables the seamless processing of fiat or cryptocurrency payments for clients, facilitating transfers to any global third party, typically within the same day. This eliminates the need for web3 companies to maintain fiat bank accounts, which are often cumbersome to establish and maintain.
Addressing Liquidity Challenges
Startups often grapple with liquidity challenges when receiving funding in cryptocurrency, as day-to-day operations frequently necessitate fiat payments. Moreover, finding banking providers willing to accept cryptoassets is becoming increasingly difficult. XEROF steps in to provide the necessary liquidity and assists in onboarding investors in their preferred currency.
CEO Perspective
Marc Taverner, CEO and co-founder of XEROF, emphasizes the importance of supporting web3 companies in their day-to-day operations amid the industry’s nascent stages of development and growth. Taverner underscores the need for reliable and foolproof solutions that bridge the gap between traditional financing and the evolving web3 landscape. XEROF’s on/off-ramp offerings play a pivotal role in facilitating this transition, fostering the seamless integration of the two worlds for the sector’s future development.
Expansion and Recognition
Building on strong performance in 2022 and 2023, XEROF continues to expand its offerings tailored to web3 companies, facilitating seamless operations between web2 and web3 financial markets. The company’s commitment to innovation and excellence was recently recognized as it emerged as a finalist in the Best Regulatory Innovation category at the Paris Blockchain Week Awards.