#Cryptocurrency #Request Finance #Pay.so Lithuania #Lithuania #Vilnius

Request Finance Acquires Pay.so Lithuania

In a strategic move that redefines the landscape of digital finance, Request Finance has officially acquired Pay.so Lithuania, a regulated Virtual Asset Service Provider (VASP). This acquisition marks a critical development, allowing Request Finance to innovate its offerings in the crypto and fiat financial operations sector.

Streamlined Global Transactions

With this acquisition, Request Finance introduces a powerful one-click solution for handling payments in both traditional and digital currencies. This new feature is designed to facilitate seamless transactions for companies, whether they need to pay bills, transfer funds to third parties, or compensate employees. The simplicity of a single click makes financial operations more efficient, irrespective of transaction size—whether it's $100 or up to $100 million.

The inclusion of Pay.so Lithuania into the Request Finance portfolio empowers businesses of all sizes with a comprehensive multi-payee payment capability. Clients can now execute on/off ramp transactions effortlessly, consolidating their financial operations under one roof.

Robust Compliance Framework

Operating under one of the most stringent regulatory frameworks for digital assets, Pay.so Lithuania has gained significant traction, witnessing tenfold growth in just nine months. This success underscores its reliability as a partner for enterprises transitioning to digital currencies. With an extensive range of supported currencies, including USD, EUR, and JPY among others, Pay.so has been instrumental in facilitating fiat payouts for Request Finance's clients for several months.

Comments from Industry Leaders

Chris Butcher, CEO of Pay.So US, noted, “The acquisition of this regulated Lithuanian entity positions Request Finance to amplify its fiat payments capabilities. We aim to extend our lead as the premier crypto accounting and payment solution.”

Cameron Butcher, CTO of Pay.so US, added to this narrative, emphasizing the accuracy and efficiency that comes with the acquisition. “Request has inherited a powerful platform that processes millions of dollars daily while ensuring strict compliance across local payment channels worldwide.”

Valentin Faye, Head of Legal & Compliance at Request Finance, explained the importance of this acquisition for establishing trust and promoting long-term growth in the digital finance sector. “By obtaining a VASP and pursuing compliance with regulations, we ensure that our clients transact with confidence, maintaining security and transparency standards.”

Enhancing Operations for Clients

The feedback from various clients illustrates the profound impact this new feature has on their financial operations. Diego Casanova, Sr. Finance Operations Analyst at Decentraland Foundation, emphasized the ease of managing crypto payments through Request Finance since its inception. “The batch payment option has been particularly beneficial, simplifying complex transactions,” he said.

Similarly, Daniel Lustig, Head of Operations and Business Intelligence at Ocean Protocol, has noticed a tremendous improvement in workflow efficiency since integrating the crypto-to-fiat payment option. “Our ability to handle both types of transactions seamlessly has allowed us to focus on our core business,” he remarked.

Krisztin Lipárdi, COO at Galaxis.xyz, also praised the platform's capabilities, stating, “Seeing all invoices in one place and having the option to convert crypto to fiat has made my financial management significantly easier.”

About Request Finance

The mission of Request Finance is to drive crypto adoption among compliant businesses. As an all-in-one platform, it offers comprehensive financial functionalities covering Accounts Payable, Accounts Receivable, Accounting, and direct payments to over 190 countries.

This acquisition not only reinforces Request Finance’s commitment to streamlining fintech solutions but also highlights the ever-evolving nature of digital currency adoption in the business world.