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Singapore-based Nium provides platform for crypto-as-a-service, to institutions
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Payments company Nium launched the first global Crypto-as-a-Service (CaaS) solution earlier today. It will offer in-demand crypto products to financial institutions, by integrating its API-based crypto capabilities.
In addition, it also announced the extension of its Banking-as-a-Service (BaaS) solution to the U.S. In context of its offerings, the official release stated,
“The cryptocurrency investment services will support five cryptocurrencies in the U.S. in 2021, with the list of supported currencies growing to 20 in 35 countries in 2022.”
The company commented that it was tapping the $2.19 trillion crypto market with its latest offering. So that, banks, businesses, and neo-financial institutions can also “quickly capitalize on this
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