Punk Industries is developing a new online payment service that enables international transactions on SWIFT, SEPA and IBAN account for users who hold all or part of their investments in cryptocurrencies and will apply it on mobile too. The customer app for Android devices is currently complete, and the version for Apple devices is largely completed. The service will start operating in early 2022. The brand is called Swishypay and is licensed in Lithuania, the new European centre for fintech and digital transaction services.
Similar to well-known transaction services such as PayPal, Revolut, N26 etc., the service uses the latest exchange technology for smooth international transactions with minimal fees, and also offers VISA and MasterCard debit cards for worldwide service. Customers can exchange their crypto holdings in a real currency such as US $ or € and spend their money anywhere and anytime.
The investment in Swishypay as a digital payment service provider rounds off the portfolio perfectly for our “single source” concept. For Punk Industries and it’s subsidiary Punk Trader it means that users utilize the latest exchange technology to make international money transfers into their trading accounts. Through Swishypay traders can exchange their cryptocurrency holdings for fiat currency and spend their profits wherever and whenever they want.