#London #United Kingdom #Digital Assets #BlockFills #BCB Group

Strategic Partnership Enhances Payment Solutions

In a significant development for the digital asset marketplace, BCB Group and BlockFills have recently announced a partnership aimed at enhancing payment solutions for clients engaging in digital asset trading. This collaboration is set to streamline the process of currency transactions across multiple fiat currencies, offering improved operational efficiencies for both companies.

Strengthening Payment Infrastructure

BCB Group, renowned for its regulated payment and digital asset services, is joining forces with BlockFills, a company specialized in digital assets trading and advanced market technology solutions for institutional investors and professional traders. This partnership primarily focuses on delivering multi-currency payment services, effectively merging BlockFills' expertise in liquidity provision with BCB Group's robust fiat currency payment infrastructure.

The partnership allows BlockFills to utilize BCB Group’s payment accounts in several major currencies: U.S. Dollars (USD), British Pounds (GBP), Euros (EUR), and Japanese Yen (JPY). Additionally, BCB is providing virtual International Bank Account Numbers (IBANs) that facilitate efficient management and reconciliation of payments, thus simplifying financial processes for BlockFills’ operations.

Instant Payments and Greater Efficiency

One of the standout features of this partnership is that BlockFills will now have access to BCB's proprietary payments system called BLINC. This innovative system enables instantaneous and fee-free transactions between all clients who hold BCB accounts. Nick Hammer, the CEO of BlockFills, expressed enthusiasm over this development, noting, "Working with BCB Group has enabled us to provide streamlined payment solutions to our clients, expediting transactions as well as the transition between crypto and fiat currencies."

Hammer also highlighted that the inclusion of multiple currency accounts and virtual IBANs has significantly boosted BlockFills' operational efficiencies.

Expanding into North America

This partnership marks a strategic move for BCB Group as they look to establish a stronger presence in the North American crypto trading market. According to Oliver Tonkin, Co-founder and CEO of BCB Group, bringing BlockFills into the fold is a crucial step forward, particularly because BlockFills is recognized as a major liquidity provider in this region. Tonkin emphasized the importance of integrating more organizations into the BLINC network, enhancing its user base.

BlockFills began utilizing BCB Group’s services in October of the previous year. Since then, they have rolled out these payment innovations to their extensive global clientele, which exceeds 1,700 institutional clients. This further solidifies the companies’ aims to cater to an increasingly complex and competitive digital asset landscape.

About BCB Group and BlockFills

BCB Group stands at the forefront of regulated payment solutions for the digital asset economy, offering comprehensive services that include crypto and fiat trading, wallet solutions, and liquidity provision. Their platform is tailored to meet the needs of prominent players in the crypto space, such as exchanges and payment processors.

On the other hand, BlockFills functions as a financial technology firm focused on providing innovative trading solutions for digital markets aimed at institutional and professional traders. Their platform is equipped with capabilities for electronic order matching, smart order routing, and trade reconciliation.

In conclusion, the collaboration between BCB Group and BlockFills is poised to not only enhance the efficiency of payment processes for digital assets but also to strengthen the overall infrastructure of the cryptocurrency trading ecosystem, adapting to the ever-evolving demands of the market.