legal-document-to-plain-english-translator/”>Try Free Now: Legalese tool without registration

Find a LOCAL lawyer

XEROF Launches Web3 Services Platform to Assist Crypto-Native Businesses

ZUG, Switzerland, April 16, 2024–(BUSINESS WIRE)–XEROF, a Swiss cryptoasset fintech, has unveiled its new web3 services platform aimed at reducing the friction between digital and fiat currencies for web3 and crypto-native companies. The platform offers third-party payment and investment solutions, catering to businesses that struggle to access traditional banking services.

Web3 enterprises need to adapt to the ever-evolving market conditions of both digital and fiat currencies. XEROF’s payment service allows clients to process fiat or cryptocurrency payments and transfer them to any global third party, often on the same day. This eliminates the need for these companies to maintain fiat bank accounts, which can be difficult to establish and uphold.

Many startups encounter liquidity issues when receiving funding in cryptocurrency, as everyday operations often require fiat payments. Additionally, finding banks that accept cryptoassets is becoming increasingly challenging. XEROF provides the necessary liquidity and assists in onboarding investors in their preferred currency.

With a focus on reliability and practical solutions, XEROF aims to bridge the gap between traditional finance and the emerging web3 industry. By offering on/off-ramp services, the company helps web3 businesses seamlessly navigate between the two worlds, fostering growth and maturation in the sector.

Following successful outcomes in 2022 and 2023, XEROF has expanded its offerings to better serve web3 companies operating in both web2 and web3 financial markets.

How AI legalese decoder Can Help

AI legalese decoder can assist businesses like XEROF in translating complex legal documents and regulations related to cryptoassets and fintech. By accurately interpreting and simplifying legal jargon, this tool can ensure compliance with AML/CFT regulations and enhance communication with stakeholders. AI legalese decoder streamlines the process of understanding legal requirements, enabling companies to focus on their core operations and innovations.

XEROF’s recognition as a finalist in the Paris Blockchain Week Awards highlights the company’s dedication to regulatory innovation. As the web3 industry continues to evolve, XEROF remains committed to providing efficient financial solutions for crypto-native businesses.

About XEROF

XEROF is a pioneering Swiss fintech firm specializing in cryptoassets. With robust liquidity in both fiat and digital currencies, XEROF facilitates seamless cross-border payments and exchanges for global enterprises. The company’s mission is to alleviate the challenges faced by crypto-native businesses by optimizing their financial processes. Founded in 2020, XEROF operates as a Virtual Asset Service provider under the supervision of the Financial Services Standards Association (VQF). Through collaborations with Swiss private banks and top-tier partners, XEROF offers compliant financial services in alignment with Switzerland’s regulatory framework. To learn more, visit xerof.com.

For more information, visit the source version on businesswire.com.

Contacts

Email: [email protected]

legal-document-to-plain-english-translator/”>Try Free Now: Legalese tool without registration

Find a LOCAL lawyer

Reference link