SCRYPT extends Euro payment capabilities with OpenPayd collaboration
SCRYPT, a Swiss-licenced entity specialising in crypto solutions, has selected financial infrastructure provider OpenPayd to power Euro payment infrastructure.
The alliance aims to augment SCRYPT’s Euro (EUR) payment capabilities, enabling compliant settlement services for its institutional clientele.
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SCRYPT’s customer base spans a variety of sectors, including traditional financial institutions, Web3 companies, brokers, fintechs, payment service providers, family offices, and banks.
The partnership will offer the fiat infrastructure that facilitates entities to expedite their launch and expansion while retaining “control” over their financial operations.
Through this collaboration, SCRYPT will leverage OpenPayd’s pan-European infrastructure and its connections with over 200 digital asset businesses.
This will provide SCRYPT’s clients with the ability to conduct instant EUR transfers continuously for third-party payment channels.
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By GlobalDataThe integration is expected to enhance SCRYPT’s institutional framework by providing quicker access to liquidity, improving capital efficiency, and enabling cross-border transactions for institutional clients.
SCRYPT markets & trading managing director Gabriel Titopoulos stated: “Partnering with OpenPayd allows us to offer instant Euro rails that match the speed and security expectations of our institutional clients. We see OpenPayd as a valuable addition to our growing network of trusted providers, supporting our continued commitment to deliver fast and seamless institutional-grade settlement solutions.”
OpenPayd chief commercial officer Lux Thiagarajah said: “We are delighted to be working with the team at SCRYPT. Our mission is to provide a universal financial infrastructure that empowers innovators like SCRYPT to move and manage money globally. Through our proprietary platform, and deep network of digital asset firms, we’re enabling faster, safer and more scalable payment flows – powering the future of the digital economy.”
This development follows OpenPayd’s announcement in July last year regarding the ability for its clients to utilise Pix, the Brazilian real-time payment network, for sending and receiving payments.
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