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Cabital Adds Brazilian Real as Fiat On-Ramp Payment Option

VILNIUS, Lithuania, July 1st, 2022 - Cabital, a leading digital assets institution, announced that it has added the Brazilian Real (BRL) to its growing list of supported fiat currencies, including GBP, EUR, CHF and VND. This is part of its strategic roadmap to release more features in more markets globally.

Through its partnership with Transfero, a blockchain finance solutions company focused on enabling a more decentralized and free global system, Cabital can now enable its users to exchange BRL for crypto assets and vice versa at some of the most competitive rates in the market.

Brazilian users can now easily deposit and withdraw Brazilian Reals (BRL) using two trusted local bank transfer methods: TED and PIX, providing users a lower cost of buying crypto, instead of costly debit/credit cards. In addition, Cabital does not charge users deposit fees for BRL when transacting via bank transfer.

Cabital users in Brazil using BRL will enjoy some of the lowest crypto prices in the industry. This is because Cabital does not have any hidden fees and offers our customers one of the lowest spreads in the market. They'll also be able to easily convert their crypto into BRL and withdraw it into their bank account. 

Cabital's secure fiat on-and-off ramp business solution, Cabital Connect, allows its partners' users to use BRL to buy and sell crypto at favourable rates in a frictionless way. Cabital empowers its partners' businesses by connecting fiat and crypto, improving conversion rates and driving expansion in emerging markets such as Brazil, where more users can be onboarded to their platform, and with more payment options made available.

Raymond Hsu, Co-Founder & CEO of Cabital said:

"Cabital is committed to providing users with a seamless solutions to enable easy conversion of fiat money to cryptocurrency and vice versa. We look forward to adding Brazilian Real to our list of fiat currency options to offer Brazilian investors a streamlined experience on Cabital and our Cabital Connect platform partners.

Cryptocurrency adoption in Brazil is high, and we see a great strategic opportunity in the space. We're excited to introduce our services to the Brazilian community and support the growth of the local blockchain ecosystem."

Cabital’s partners are continually striving to provide new and exciting features to their users and also to expand their offering into more key markets, and Cabital is committed to providing solutions to make these opportunities attainable.

About Cabital:

Cabital is a trusted digital financial institution to buy, sell and earn cryptocurrency — enabling users to buy and sell cryptocurrencies at leading rates, while generating safe and secure returns.

Cabital has launched a business solution called Cabital Connect, a secure fiat on-ramp and off-ramp gateway for cryptocurrency platforms.

When cryptocurrency companies integrate with Cabital Connect, their users will have a high-quality service option to purchase top-tier cryptocurrencies at some of the most competitive rates in the industry. Leading cryptocurrency exchanges such as Bybit have already integrated Cabital's fiat on-ramp gateway.

Cabital is registered in Lithuania, and our compliance programme is modelled after leading global financial service providers

About Transfero:

Transfero is an international company of financial solutions based on blockchain technology. Based in the Crypto Valley, Switzerland, its objective is to promote access to the crypto asset universe, enabling a safe transition to a more decentralized financial system through solutions such as Transfero Payments, a fiat gateway that integrates with all Brazilian banks, providing a reliable connection for global platforms interested in the Latin American market.

Contacts:

Investment community and news media: Ho Yan Yi, yanyi.ho@cabital.com

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