Aquanow partners with Bahrain’s SGB to offer secure, 24/7 crypto-to-fiat conversions, real-time payments, and regulated USD banking access.
Aquanow, a leading crypto service provider, has partnered with SGB, a digital bank regulated by the Central Bank of Bahrain. This partnership aims to connect traditional banking with the digital asset world. As a result, the clients of Aquanow will have new financial tools at their disposal. As an example, they are now able to change between cryptocurrencies and fiat currencies easily. They are also able to open fully regulated bank accounts that are in USD.
SGB Integration Makes Crypto-to-Fiat Access Safer, Easier
Moreover, the alliance enables customers to make real-time payments by means of the SWIFT infrastructure. This implies quicker and more dependable payments. In addition, customers are allowed to send money around the clock in most of the world’s currencies. These characteristics facilitate an easier operation of the crypto market for businesses.
This is a milestone partnership because it shows that the two companies are ready to act as a unit, says the CEO of Aquanow, Phil Sham. He added that institutions should have dependable and compliant systems to operate on digital assets. Aquanow is developing a crypto-friendly banking environment by collaborating with SGB. Moreover, this partnership eliminates hindrances among clients, thus facilitating operations.
In the same way, the CEO of SGB, Shawn Chan, emphasized the significance of this collaboration. He explained that it links online assets with regulated banking. They are integrating the platform of Aquanow with the banking capabilities of SGB to enable their clients to gain access to fiat currencies conveniently. This therefore results in a safer and effective financial system.
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Aquanow, SGB Target Institutional Demand for Crypto Access
The venture is an answer to increasing demand. With more popularity of the digital assets, better tools to manage them are needed in business. An example is that businesses wish to trade in and out of crypto and fiat without lag. They also require the services of a reputable bank to transact big deals. Aquanow and SGB are working on these needs
Furthermore, this collaboration makes Bahrain more powerful in the international crypto market. SGB is regulated by the Central Bank of Bahrain and therefore is of high security and compliance standards. Consequently, clients will have confidence in the services provided in this partnership. This is particularly critical to institutions that deal with huge amounts of money.
Further, the collaboration facilitates a cross-border financial system. Clients are able to transfer money across nations at any time. This is a key benefit to companies that are global. As an illustration, a firm in one country is able to pay a supplier in another country using crypto or fiat instantly.
In short, both Aquanow and SGB are collaborating to make crypto services more secure and accessible. Their collaboration provides a smooth crypto-to-fiat exchange, real-time payment, and 24/7 funds transfer. They are creating a more secure connection between the digital asset and traditional finance by integrating the Aquanow and SGB experience and the regulated banking. This step will be beneficial to the businesses and institutions around the world.
