OpenPayd partners with Altify to enhance its multi-currency on/off ramps for digital assets, launching seamless fiat-to-crypto transactions via EUR, GBP, and USD on October 20, 2023.
The collaboration enhances investor experiences in tokenized assets, aiming for swift asset mobility and contributing to broader digital finance integration, driving markets toward increased interoperability.
Partnership Details and Objectives
OpenPayd has partnered with Altify to enhance multi-currency on/off ramps. This collaboration aims to streamline fund transfers among users, facilitating investment operations in digital and tokenized assets efficiently.
This partnership involves key players such as Iana Dimitrova of OpenPayd and Sean Sanders of Altify. OpenPayd's infrastructure consolidates EUR, GBP, and USD flows, elevating Altify's platform efficiency.
Impact on Investors and Platform
The immediate effects include improved liquidity and accessibility for approximately 80,000 Altify investors. Simplified multi-currency transfers ensure smoother user experiences for both fiat and digital transactions.
These changes have substantial business implications, positioning Altify as a more appealing platform for private market investments. The operational enhancements support cross-border asset mobility, impacting financial strategies for involved stakeholders.
Despite the lack of on-chain data disclosure, projected outcomes include increased volume in digital asset trades facilitated through Altify.
Broader Implications and Historical Context
This partnership could influence future financial infrastructures by promoting reliable on/off ramps. Historical precedents show OpenPayd's similar collaborations enhanced market growth, pointing toward positive regulatory and technological advancements.
Executive Commentary
“We built Altify to make private market investing as simple as buying public stocks. But you can’t have a seamless investment experience if moving money is a headache. OpenPayd solves that. They provide the infrastructure that lets our users move between fiat and digital assets instantly." - Sean Sanders, CEO of Altify