We have a new banking partner Devengo for instant EUR transfers in Spain

Kriptomat
Kriptomat Blog
Published in
3 min readNov 10, 2023

We have exciting news to share! Thanks to our customers' valuable feedback, we’ve established a new banking partnership in Spain to enhance your Kriptomat experience. Now, when you fund your Kriptomat account, your bank transactions will be processed through our dedicated account in Spain.

The best part? Our new system supports instant payments. When you transfer EUR, the funds will be available in your Kriptomat account within seconds*, allowing you seamless access 24/7, 365 days a year!

*Please note that, in some cases, if your bank does not support instant transfers, it might take slightly longer.

Our new payment partner Devengo handles the infrastructure for businesses in different industries like gambling, salary advance, insurtech, marketplaces and fintech. The API allows to create of IBANs to receive incoming payments from any payment method and do instant B2B and B2C payments. Also, it provides different webhooks and alerts so that customers can at all times know where their money is.

For all Kriptomat clients, Devengo´s capabilities may be seen as an attractive proposition due to its growing user base in Europe and that you receive your money in less than 10 seconds.

“Spain is home to more than 1 million crypto investors and traders and many more will follow,” said Dejan Davidovic, COO at Kriptomat. “Since 2022 Kriptomat has been a registered Crypto Assets Service Provider with the National Bank of Spain which underscores our adherence to local regulations. With Devengo, we now finally offer a unique funding method enabling extra fast EUR transactions when funding their Kritpomat account”

“Kriptomat is the type of company Devengo wants to partner with, their AML process is very clear and always putting their clients in the centre of the experience” says Jose Manuel Peral Chief Sales Officer at Devengo. “We feel that both companies have the same philosophy, and want to keep evolving our products and offering the best experience to our clients”

Since October 2022 Kriptomat has been registered with CNMV as Crypto Assets Service Provider, offering a simple solution to Buy, Trade, and Invest in Bitcoin and more than 250 cryptocurrencies.

About Devengo

Devengo is a payment infrastructure company in Spain, with a team that has a combined experience of over 40 years in payments, and now is disrupting the B2B and B2C instant payments space. Our mission is to help companies move money instantly.

About Kriptomat

Founded in 2018, Kriptomat is dedicated to making the benefits of cryptocurrency ownership and investing available to everyday people in Europe and around the world. The Kriptomat platform’s “Crypto But Simple” approach transfers the complexity of blockchain technology from users to the company’s product and engineering teams.

Please note that investment in crypto-assets is unregulated, may not be suitable for retail investors and the entire amount invested may be lost. It is important to read and understand the risks of this investment, which are explained in detail in this site Risk Warning.

--

--