Crypto Fintech Bucks Trend With Global Expansion

There is no doubt that the crypto market is going through one of its most challenging times after the recent sharp decline.

While this has resulted in many firms winding down or worse, one cryptofintech is going from strength to strength.

Headquartered in London, SG Veteris is bridging the gap between crypto and best-in-class fintech to expand the ways people can buy, sell, deposit and withdraw cryptocurrency and to enable instant crypto payments and transactions.

The Covid-19 pandemic accelerated the online economy and the transition to online commerce, and SG Veteris aims to make crypto payment acceptance and movement faster and less complicated for everyone.

“We are obsessed with helping businesses innovate faster and operate globally and keep up with internationally recognized brands like Apple and PayPal who are starting to enter the crypto space. We also want to provide more choice and make it easy for individuals to get involved use and integrate cryptocurrency in everyday life.”

According to the CEO, Anil Oncu

With an increasing number of consumers looking to pay with cryptocurrency, SG Veteris provides businesses of all sizes with a secure and simple way to accept online payments, unlock new payment experiences and grow their businesses.

It offers a range of consumer and business-to-business services, including:

• Bitpace: a commerce and payment gateway that provides businesses with a leading e-commerce tool to accept instant payments in a variety of cryptocurrencies for their products and services, offering the best and largest alternative to Fiat’s payment methods.
• Koinal: a global crypto trading platform that provides a fast, easy and secure way to instantly buy, sell, deposit or withdraw the most popular cryptocurrencies 24/7 through credit and debit cards, bank transfers and Apple Pay.
• OTC trading: a discreet, personal, one-to-one, over-the-counter service for institutions and

Individuals looking to trade high cryptocurrency volumes (over 100,000 GBP), support 100+ coins and extensive coverage in over 100 countries.

European growth

Last year, it opened an office in Bulgaria, which in recent years has quickly become a leading hub for the fintech sector and cryptocurrency trading, as well as a center for international cryptocurrency events.

Martin Bohorov, managing director of SG Veteris Europe and head of its Bulgarian office, explains: “The strategic location in South-Eastern Europe, its positive economic development trend and the easy access to markets such as the EU made it an attractive location.”

Bulgaria has proven to be a particularly preferred operational hub, as it also has a young, skilled, multilingual and tech-savvy population, creating a dynamic job market today.”

In the last couple of months, the company has also launched in Lithuania and Estonia. Lithuania is a developed and vibrant market that supports innovation and offers excellent growth opportunities, and is seeing many major players enter the territory.

Bohorov adds: “We are looking to expand in a number of recognized jurisdictions to offer reassurance to our customers and demonstrate that we are a safe, secure provider so they can use our services with confidence. Both Lithuania and Estonia are prominent markets for cryptocurrency and blockchain businesses and are well regulated, making them the safest places to set up a company and do business.”

The company’s commitment to high standards is reflected in the appointment of industry heavyweight Raul Malmstein, former head of Estonia’s Financial Supervisory Authority, to lead its office there and help it navigate a rapidly changing commercial and regulatory landscape.

It has also just appointed former Danske Bank CEO Tautvydas Sūnelaitis as the Money Laundering Reporting Officer (MLRO) for its Lithuanian office.

Future opportunities

Going forward, SG Veteris predicts that we are on the cusp of building a new generation of financial services, and it looks to create new experiences in sending, spending, saving and handling money in a way that transcends crypto and traditional fintech.

Despite the recent challenges the market has faced, crypto payments have remained stable so far this year, and it believes the challenge will be to manage the accelerated pace of change and continue to adapt to it.

“We are excited to launch in even more countries as we see consumer behavior change and crypto payments become more popular and in demand. We recognize that there are still some hurdles to overcome before crypto adoption becomes mainstream and widely used, and the introduction of regulation around the world will increase benefits and mitigate potential threats.”

Oncu emphasizes

SG Veteris sets the standard high in all its operations, so that it is ready as and when a new regulation is introduced around the world. It looks ahead to see how the market evolves to seize the growing opportunities surrounding the growth of cryptocurrency and blockchain technologies.

SG Veteris believes that new regulations will help confirm the validity. It aims to continue exploring what can be achieved with crypto and how it can help consumers incorporate it into their everyday lives and help businesses adapt their offerings accordingly.