Together, Payfinia and Metallicus provided a framework for embedded instant payments and cryptocurrency services to credit union members across the United States.
Metallicus, a blockchain technology specialist, offers metal payments, crypto trading apps for consumers, and Fiat to crypto transactions support APIs for financial institutions.
The Alliance believes Payfinia will be the preferred API for Metallicus and Payment Services Partner.
This integration supports instant money movement and embedding cryptographic services into online and mobile banking platforms.
As a result, credit union members can sell and sell the transition between cryptocurrency, Fiat and Crypto, allowing them to safely manage their digital assets within the same environment as traditional bank accounts.
The collaboration is expanded with Payfinia, which will be taking part in Metallicus-leading Metal Blockchain Banking Innovation Program to help financial institutions take advantage of the possibilities of blockchain technology.
“We are committed to providing a wide range of services,” said Blockchain director at Metallicus for Institutions and Fintechs Frank Mazza.
“We’ve joined forces with Payfinia as one of our preferred API payment service partners to gain access to secure, regulatory, cryptographic solutions that meet the evolving needs of our members, while still maintaining the competitiveness of our industry. .”
“The ultimate unique partnership is being created as Payfinia’s secure instant payment framework creates a bridge between the standard currency system and the emerging digital asset framework managed by Metallicus,” said Keith Riddle, general manager of Payfinia cuso. I’m excited to be on the front line.
“We look forward to working with participants in the Bank Innovation Program to accelerate additional use cases that will be enabled by integrating Payfinia’s Instant Payment Xchange (IPX) platform capabilities with Metallicus MetalPay API-based framework. It’s there.”
In December 2024, Metallicus acquired Fintech Bonifii, a CUSO formerly known as “Culledger.”
The two entities are set up to establish new CUSOs, allowing credit unions to leverage blockchain-based products via Digital Banking Network (TDBN), an open source blockchain banking protocol developed by Metallicus. I’ll do that.
Metallicus, Payfinia originally created Crypto Service Access to US Credit Unions, and was created and published by Retail Banker International, a globalData-owned brand.
The story continues