Request Finance, a prominent player in cryptocurrency and fiat financial operations, has made a significant move by acquiring Pay.so Lithuania. This regulated virtual asset service provider (VASP) enables Request to offer a seamless one-click solution for on/off ramp payments, simplifying global transactions for businesses of all sizes. Pay.so Lithuania operates under tailored regulatory frameworks and has witnessed a remarkable tenfold growth within just nine months. It offers a wide range of currency coverages including USD, EUR, GBP, AUD, CHF, SGD, NZD, THB, HKD, IDR, CAD, INR, AED, KRW, JPY, MYR, and PHP. With this acquisition, Request enhances its capabilities to provide Fiat2Crypto onramps and Crypto2Fiat offramps for transactions ranging from 0 to 0m. The functionality extends to direct payments, multi-payee bill payments, and employee payments, streamlining the financial processes for Request clientele. Pay.So US CEO Chris Butcher emphasizes the importance of this acquisition, stating that it positions Request to double down on fiat payments and extend its lead as the top crypto accounting and payment solution. Request Finance Legal & Compliance head Valentin Faye highlights the significance of acquiring a VASP and pursuing MiCA compliance for building trust and long-term growth in the digital finance landscape. Additionally, offering regulated services enables users to manage all their operations on the platform. Request Finance CEO Christophe Lassuyt believes this acquisition is a game changer, supporting a broad range of hybrid businesses. From those earning revenues in digital currencies without touching crypto to those running compliant finances without a bank account, Request is now well-equipped to meet diverse business needs.Unique Quality and Free Sample
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Acquisition Impact on Financial Processes
The acquisition of Pay.so by Request Finance has had a profound impact on financial processes. It provides a direct and efficient way to handle transactions ranging from small amounts to significant sums. Direct payments become seamless, multi-payee bill payments are simplified, and employee payments are streamlined. This not only saves time and effort but also enhances the overall financial management for Request clientele. It allows businesses to operate more smoothly and efficiently in the complex world of cryptocurrency and fiat transactions.
Regulatory Compliance and Trust
Acquiring a VASP and pursuing MiCA compliance is crucial for Request Finance. It builds trust among users and ensures long-term growth in the digital finance landscape. By adhering to regulatory requirements, Request can offer a secure and reliable environment for its users. This gives businesses the confidence to manage their operations through the platform, knowing that they are compliant with relevant regulations. It also sets a benchmark for the industry and positions Request as a leader in regulated digital finance.
Supporting Hybrid Businesses
This acquisition enables Request Finance to support a wide range of hybrid businesses. Whether it's those looking to earn revenues in digital currencies without directly dealing with crypto or those running compliant finances without a bank account, Request provides a comprehensive solution. It caters to the diverse needs of businesses in the digital age, helping them navigate the challenges and opportunities of the crypto-fiat ecosystem. This flexibility and adaptability make Request a valuable partner for businesses of all types.
