Crypto Exchange VALR Taps OpenPayd to Power Global Fiat Infrastructure

• Customers will be able to fund their accounts in euros, pound sterling, and US dollars using OpenPayd’s specialized virtual IBANs and wide global payment network, which is made possible by the integration.
• Through the use of this unified infrastructure, VALR is able to combine fiat activities that would otherwise need the involvement of many banking partners.

OpenPayd, a leading provider of financial infrastructure, has been selected by VALR, one of the largest cryptocurrency exchanges in the world, to power its multi-currency fiat operations and global on/off-ramp capabilities.

Customers will be able to fund their accounts in euros, pound sterling, and US dollars using OpenPayd’s specialized virtual IBANs and wide global payment network, which is made possible by the integration. VALR is expanding its offering to take advantage of this opportunity. OpenPayd enables rapid settlement with global liquidity providers, including Circle, which is a stablecoin issuer, by providing access to Faster Payments, SEPA Instant Payments, and SEPA Instant Payments. Additionally, OpenPayd enables USD on/off-ramping via SWIFT. VALR’s worldwide settlement operations will now have access to enterprise-grade fiat–stablecoin infrastructure as a result of the newly announced agreement between OpenPayd and Circle.

Through the use of this unified infrastructure, VALR is able to combine fiat activities that would otherwise need the involvement of many banking partners. In order to reduce operational complexity while simultaneously ensuring institutional-grade reliability across all customer and treasury flows, OpenPayd integrates EUR SEPA rails, GBP Faster Payments, and USD SWIFT into a single environment. The operations team at VALR will benefit from dedicated virtual IBANs since they provide simplified reconciliation and automated processing. For its end customers, it offers deposits that are processed more quickly and withdrawals that are more reliable.

The partnership is a reflection of the growing demand for resilient fiat connectivity among digital asset exchanges. This is especially true given that the USD continues to be the preferred settlement currency for market makers, institutional trading firms, and major stablecoin issuers. With the combination of global USD settlement and local-currency rails for customer deposits, VALR is able to provide customers on both sides of its international user base with increased speed, transparency, and consistency in their transactions.

This partnership comes at a time when international cryptocurrency platforms are being confronted with increasing expectations for faster connectivity to fiat currency, transparent settlement procedures, and global operations that are compliant. With OpenPayd’s rail-agnostic infrastructure, VALR receives a smooth entry point into local and worldwide payment networks, underpinned by a fully regulated environment suited for high-growth digital asset firms. The critical first and last mile of fiat connectivity that underpins every cryptocurrency–fiat transaction is solved by this infrastructure, which improves both the customer experience and liquidity operations.

A global cryptocurrency exchange that offers a full range of products—including Spot Trading, Spot Margin, Perpetual Futures, Staking, Lending, Borrowing, Over-the-Counter services, VALR Invest, and VALR Pay—was established in 2018 and is headquartered in Johannesburg. Notable investors that have supported the company include Pantera Capital, Coinbase Ventures, and Fidelity’s F-Prime Capital. Licensed by South Africa’s FSCA, with regulatory permission in Europe, VALR serves approximately 1.5 million customers and 1,800 corporate and institutional clients globally. The exchange is devoted to achieving a fair financial future that preserves human dignity and the oneness of people. For additional information, visit valr.com

Through its work, OpenPayd is building the universal financial infrastructure that will support the digital economy. Using a single, sophisticated application programming interface (API), its rails-agnostic platform lets organizations to transfer and manage money on a worldwide scale, including both fiat currency and digital assets. OpenPayd delivers embedded financial solutions, FX, local and international payments, Open Banking, and stablecoin on/off ramps — offering compatibility between conventional finance and digital assets. With one of the most extensive financial networks now available on the market, OpenPayd makes it possible to shift money in real time, regardless of where you are.

Trusted by worldwide companies like eToro, Kraken, OKX, and B2C2, they handle more than €130 billion in yearly volumes for over 800 firms. In the future generation of financial services, OpenPayd serves as the infrastructure layer that allows for their operation.