Case Study: Bitfinex achieves faster, real-time European payments with OpenPayd

Bitfinex speeds up European payments in real time with Openpayd

Bitfinex, a major digital token trading platform, faced a challenge with slow and costly European fiat payment rails for its customers, which were causing delays of several days. To enhance this experience, Bitfinex partnered with Openpayd for its virtual IBAN solution.

Openpayd provided Bitfinex with virtual IBANs connected to the SEPA Instant payment rail, enabling real-time pay-ins and pay-outs. This integration, completed in under a month via Openpayd's API, automated reconciliation, eliminated manual errors, and significantly improved the customer experience. The solution is built to scale with Bitfinex's growing European user base.

Bitfinex