What is Fiat24?
Fiat24 is a global payment application built on the Arbitrum (Ethereum Layer 2) network, offering instant money transfers and unlocking new payment possibilities. As a decentralized app (dApp), Fiat24 can be accessed through any browser or preferred crypto wallet, eliminating the need for app downloads.
Operated by SR Saphirstein AG, a Swiss Fintech company regulated by the Swiss Financial Market Supervisory Authority FINMA, Fiat24 provides cash accounts and payment services. It leverages blockchain technology to modernize client ledgers, enhancing efficiency while reducing human error and manipulation. Recognized by fintech institutions like Qorus Accenture Banking Innovations, Fiat24’s innovative approach sets it apart.
Fiat24’s unique technical architecture replaces traditional usernames and passwords with individual Non-fungible Tokens (NFTs) for client identity. Transactions are digitally signed by users and recorded on the blockchain, ensuring decentralization and reliability. The platform operates 24/7, surpassing the limitations of bank holidays and weekends, and meets anti-money laundering (AML) requirements.
The platform bridges blockchain technologies through traditional payment channels, including a debit card program and unique Swiss IBANs for clients. Debit cards enable spending at millions of merchants worldwide, while IBANs facilitate Swiss Franc payments, with plans to offer Euro SEPA payment and global connectivity via SWIFT.
Updated Sep. 2023
Fiat24 is listed on MoBlocks
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