Top Features to Look For in Crypto Banking Software

The conventional banking system faced a major failure in 2008. The only way to improve the system, and prevent that from taking place again is by opting for an independent decentralized monetary system. With a crypto banking solution, that is possible. Crypto banking software is a new and advanced platform. However, it may be at the convergent of traditional banking technology, and crypto investments. While crypto banking is business, any exchange that facilitates crypto transactions is also known as crypto banking. 

What Are the Benefits of Crypto Banking Software?

One of the advantages of crypto banking software is that it helps the cryptocurrency owners to utilize their crypto balance as fiats. The platform helps with transactions that use crypto debit cards, everyday FIAT withdrawals at crypto ATMs, and more. Therefore, instead of holding their crypto assets, they can hold them as investments. Moreover, the holders can utilize them to make flawless payments for their everyday activities. 

If you are planning to venture into crypto banking solution, here are the main focus areas that you must focus on as service providers. 

Payments & Settlements

Crypto banking software is a blockchain-underpinned architecture. It is a payment and settlement platform. The customers can conduct transactions 24/7 without paying any commissions. A crypto bank also provides its native token to enable crypto settlements with the present banking platform. Additionally, the platform facilitates payment transfers worldwide with very high mission transfer costs. 

Crypto Custodial Services

Crypto is still a new space for many users and investors. Therefore, not many of them understand how to keep their assets secure. That’s why, crypto banks offer crypto custodial solutions for their users. Therefore, crypto banks offer wallets for crypto protection.

Crypto Loans

Crypto borrowing and lending services by crypto banks help the users of the platform earn interest on their investments. The users of the platform can lend or borrow crypto assets with an amount as collateral. The entire process is conducted by smart contracts. Since the process is well integrated into the smart contract, one cannot override it. Thereafter, with minimal charges, the procedure has zero chances of foul play.

Must-Have Features in Crypto Banking Software

An innovative crypto bank software relies on its top-notch features. Here are some of the must-have features important for a secure, and best crypto bank. 

Crypto banking software must have an easy-to-use user interface. If your dashboard is easy to navigate, it’s likely the users will find it catchy, and spend more time using it. 

Unlike conventional banking systems, crypto banking solutions must consist of crypto modules such as DeFi, P2P transactions, earning, staking, crypto loans, and more. 

Another important feature of the crypto banking solution is the utilization of cutting-edge features such as smart contracts, Multi-Fiat currencies, smart algorithms, and an advanced infrastructure.

The software must utilize advanced APIs, such as liquidity providers, wallet systems, payment gateways, stock options, and more to ensure a complete banking solution. 

Opt For a White-Label Crypto Banking Software Today!

Several technological firms offer white-label crypto banking software architecture. With this, you can easily start your crypto bank business with your brand name and logo. You can select your set of top-notch features and start earning today.