Crypto.com Struggles to Maintain Fiat On-Ramps in the Face of Crypto Banking Crisis

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.cryptocom is struggling to maintain fiat on-ramps as the crypto industry deals with the fallout of silvergatebank's collapse. thesamreynolds reports.

An exchange that only has the ability to service users in one part of the world, and then in Euros, a far less liquid currency for crypto , is going to have questions raised about its liquidity.

“Our EUR fiat wallet service provider recently reduced access to EEA residents via the single euro [payments area system],” a spokesperson for“As SEPA’s intended purpose is to facilitate local borderless transfers between network participants within EEA, the EUR deposits/withdrawals via this service provider are not available to those not residing in the EEA,” the spokesperson added.

 

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cryptocom

cryptocom kris

cryptocom In che senso

cryptocom Struggling exchanges should check out eqifi_finance for potential banking relationships

cryptocom This is how the govt curtails crypto-bitcoin adoption

cryptocom Most users currently see crypto as a way to invest and cash out If the on-ramps are decreasing that will deter people but will also cause worry for those invested currently as it will limit the off-ramps

cryptocom kris cryptocom cro crofam cronos

cryptocom Merci à gary gensler pour tous cela

cryptocom Wow hopefully the crypto community finds a replacement to replace silvergate..

cryptocom long

cryptocom kris cryptocom 😅

cryptocom silvergatebank thesamreynolds Friendly reminder that all is good Down Under CRO Bitcoin. If you are from the UK/Ireland - Western Australia is recruiting 31k teachers, police, nurses and doctors where you can probably build a better life! Screenshot from a local stacker 👌

cryptocom silvergatebank thesamreynolds When cryptocurrencies such as Bitcoin first appeared, it seemed likely that they would cause a radical change in the way payments were issued. Cryptocurrencies do not rely on central or banks and credit card companies, etc.

cryptocom silvergatebank thesamreynolds 'A spokesperson for declined to name the exchanges specific banking partners only saying it works with a “variety.” They said that a migration to a new payment provider was completed on January 25.'

cryptocom silvergatebank thesamreynolds Yes keep giving us FUD

cryptocom silvergatebank thesamreynolds 🚀🚀🚀

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