Crypto Exchange VALR Adds Multi-Currency Fiat Capabilities Through OpenPayd
Key Takeaways
- Cryptocurrency exchange VALR announced its partnership with OpenPayd to operationalize its multi-currency fiat operations and global on/off-ramp capabilities.
- The move will enable users to make deposits through euros, pounds, and US dollars through OpenPayd’s virtual bank account numbers.
- Commenting on the partnership, Farzam Ehsani, Co-Founder and CEO at VALR, stated that More than a technical upgrade, this was a meaningful step toward building a truly inclusive financial ecosystem.
- Remarking on the strategic integration, Lux Thiagarajah, Chief Commercial Officer, OpenPayd, stated that VALR was setting a new benchmark for what a world-class crypto exchange looked like.
- The move is expected to attract more liquidity providers and institutional participants into the ecosystem.
The global cryptocurrency exchange VALR announced its partnership with OpenPayd yesterday, November 24, to operationalize its multi-currency fiat operations and global on/off-ramp capabilities. The move is seen as an important step in integrating the fiat and digital asset infrastructure.
VALR Partners With OpenPayd to Enable Seamless Crypto Fiat Transfer
The move will enable users to make deposits through euros, pounds, and US dollars through OpenPayd’s virtual bank account numbers. The strategic partnership further gives access to payment systems such as SEPA, SEPA Instant, Faster Payments, and SWIFT.
Commenting on the partnership, Farzam Ehsani, Co-Founder and CEO at VALR, stated that
At VALR, they believed that sending and receiving money should be as easy as it is with a text message. By integrating OpenPayd’s world-class multi-currency fiat infrastructure, they were removing yet another barrier that had historically divided people by geography, currency, or economic status.
More than a technical upgrade, this was a meaningful step toward building a truly inclusive financial ecosystem that reflected the oneness of humanity and enabled more and more people to participate fully in the global economy, he further added.
The OpenPayd Says VALR Is Setting a New Benchmark for Global Crypto Platforms
Remarking on the strategic integration, Lux Thiagarajah, Chief Commercial Officer, OpenPayd, stated that VALR was setting a new benchmark for what a world-class crypto exchange looked like, scaling faster and more strategically than most in the market.
He mentioned that crypto exchanges with global ambitions needed a unified financial infrastructure that matched the speed and scale of digital assets. By consolidating USD SWIFT, EUR SEPA, and GBP Faster Payments into one operational layer, they were removing complexity and enabling VALR to move fiat and digital assets instantly and securely worldwide. OpenPayd expressed pride in powering the financial infrastructure behind its next phase of global growth.
The VALR, founded back in 2018, is a global crypto exchange offering a wide range of services, including spot trading, spot margin, perpetual futures, staking, lending, and borrowing. The exchange is backed by prominent industry players such as Pantera Capital, Coinbase Ventures, and Fidelity’s F-Prime Capital. OpenPayd, on the other hand, is renowned for its rails-agnostic platform for seamless global money movement across fiat and digital assets.
The move is expected to attract more liquidity providers and institutional participants into the ecosystem by providing a seamless fiat-to-crypto experience.
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