CEX Quppy - quppy.com | World Licensed Multicurrency Digital Payment Solution

[Quppy]

Quppy brings benefits of cash to cashless society

It is no secret that our society gradually becomes cashless. The share of card and contactless payments grows year by year and far outshines cash transactions. However, it is necessary to admit that there are some benefits to cash. Such as relative anonymity (you don’t leave a huge trail of paperwork on every transaction).
Cryptocurrencies also have this benefit - they are not fully anonymous, but are not explicitly tied to the owner’s name.
With Quppy combining both fiat and crypto, you essentially get both your cards and your cash in your phone - always at hand.
Learn more: quppy.com

 

[Quppy]

Are banks falling out with crypto exchanges?

Probably you all know already that Banks stopped processing SWIFT transfers from Binance of less than $100,000 on February, 1st. Frankly, it’s sad news - it is never good to see ordinary crypto users suffering consequences from large businesses’ decisions. But what can we expect in the future? After all, this news is pretty alarming for the entire crypto industry.

First of all, all banks and regulators that Quppy works with are not planning on boycotting crypto or preventing individuals from transferring their assets from crypto to fiat and vice versa. Basically, regulators and banks don’t have any problems with dedicated platforms integrating crypto and fiat systems, as long as they operate legally as Quppy does.

Second, and it is less optimistic, it is very possible that crypto exchanges can have problems with banks processing transactions made by individuals. Let’s be honest - the reputation of the crypto trading industry in the mainstream world is rather controversial, and it is not helped by recent scandals. So direct fiat withdrawals from crypto exchanges can become problematic in the near future.

Thus, we advise you to always have a dedicated crypto-fiat solution like Quppy at hand. Just in case if something goes wrong with fiat transfers from your favorite trading platform.

Learn more: quppy.com

 

[Quppy]

Bitzlato scandal - the importance of regulatory compliance

It looks like the crypto market can’t spend a month without a major scandal or controversy related to a major exchange. In January, Bitzlato made the headlines, unfortunately, in a negative way: one of the founders and four other employees were arrested on charges of money laundering. According to law enforcement, about 46% of all transactions on Bitzlato (about $2,1 billion) were related to criminal activity.

While the investigation is ongoing, users’ funds were blocked on the exchange’s wallets. While Bitzlato representative claimed that they will be able to return 50% of users’ funds immediately after relaunch and the rest will be returned later, it is obvious that ordinary users are the main victims in the situation. Regardless of how the investigation will proceed.

The obvious conclusion for all crypto users is that the platform’s regulatory compliance is first and foremost a boon for you. If the platform you use operates in the “grey area” - your funds can be blocked or arrested at any time.

Fully regulated platforms, like Quppy, are simply much safer.

Learn more: quppy.com

 

[Fistragos]

Well, it is rather obvious that reliance on the quality of the product works. After all, we are all here and use quppy.

 

[Pelanali]

By the way, regulators clerly set their sights on crypto exchanges. Should quppy users be worried?

 

[Quppy]

Deal with the mess of crypto apps with Quppy
Most active crypto users have at least half a dozen crypto applications in their wallet:
A couple of wallets for storing digital assets
A couple of exchangers for purchasing and selling crypto for fiat
A couple of exchanges for trading
One or two investment platforms
Et cetera, et cetera, et cetera
Quppy offers a platform that provides access to the functionality of most crypto apps, used on a regular basis, but in one place. Couple it with a plethora of supported assets (both digital and fiat ones), easy to use interface and minimal fees - and you get an application that is able to completely replace most crypto apps in your smartphone.
What does it mean? It means less clutter, smoother operations, more pleasant user experience and more resources of your device at your disposal. What’s not to like?

 

[Quppy]

What is an API in banking?
Banking APIs are a set of protocols that enable secure communication between your bank’s server and client devices. It helps customers communicate with bank staff through the bank’s app, simply with an Internet connection.
As all interaction involves conversations and the transfer of money-related data, banking APIs require strong authentication and secure encryption.
On the back end, these APIs connect developers with payment networks to display payment details making them an essential tool when it comes to BaaS (bank as a service)...
Continue reading

 

[Quppy]

Binance troubles with fiat continues

️Binance will stop deposit and withdrawal operations with British pound (GBP). For new users GBP on- and off-ramps are not available since March 13 and from May 22 they won’t be available at all.

The exchange’s fiat partner - Paysafe - notified Binance that they will no longer be able to provide GBP deposit and withdrawal services from May 22, 2023.

And let’s not forget that Binance suspended USD bank transfers on March 8, SWIFT transfers of less than $100,000 a week before that. In other words, it looks like even the largest cryptocurrency exchange have severe problems with fiat operations.

Basically, the only viable solution today is to use only crypto for trading and rely on dedicated platforms like Quppy to exchange your crypto for fiat. After all, no one can guarantee that your favorite exchange will have fiat withdrawals tomorrow.

Learn more: quppy.com

 

[Quppy]

Crypto today is more decentralized than ever
The dynamics between centralization and decentralization tendencies in the crypto market have been very interesting in 2022.
On the one hand, it is undeniable that huge crypto corporations control more and more significant share of the market, and most researchers think that this trend will continue. Even relatively conservative forecast by Emergen Research tells that by 2030 over half of the crypto market volume will be concentrated in the hands of a very few players.
On the other hand, according to Glassnode, retail investors (people who own less than 10 different cryptocurrencies) own over 17% of all BTC coins in circulation. While it may not seem very impressive, it is an all-time-high.
In addition, more than 40% of retail investors claim that they will continue investments in crypto in 2023. That is a very high figure as well in comparison with previous years.
We are not sure that retail investors will “overthrow giants” any time soon, but it is very clear that more and more ordinary folks enter the blockchain space. And that’s great!
Learn more: quppy.com

 

[Quppy]

Quppy - verification can be very easy
Quppy is a universal neobanking platform that works with both cryptocurrencies and fiat currencies. Thus, we are legally required to verify the identity of every customer using any services related to fiat. We do understand that for a lot of people in the blockchain community KYC procedures are a very loaded subject, So we tried to make this process as fast and streamlined as possible.

Only seven simple steps are
Fill in your personal data in the app
Choose a document (preferably your ID card or international passport) - this document must contain your name and surname in Latin characters.
Fill in the additional data if requested
Make a selfie
Make a selfie with the document
Upload a photo of the document’s front side
After that you don’t need to do anything - #verification will be carried out on our side and you’ll be able to monitor the status updates on the same screen. In the overwhelming majority of cases verification takes only 15-20 minutes.

Learn more: quppy.com