Crypto Banking Firm BCB Readies U.S. Dollar Payments to Plug Silvergate Gap

BCB Group, a payments processor that links crypto companies to the banking system, is accelerating plans to add U.S. dollar capabilities to help fill the hole left by the recently shuttered Silvergate Exchange Network (SEN), CEO Oliver von Landsberg-Sadie said in an interview with CoinDesk.

London-based BCB, which was the first crypto company to receive a payments license from U.K. regulator the Financial Conduct Authority (FCA), provides fiat-to-crypto rails for currencies including sterling, euros, Swiss francs and yen in Europe, particularly to institutional players such as Bitstamp, Galaxy Digital, Gemini and Kraken.

(By Ian Allison)

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