Estonian crypto infrastructure provider, Striga, has launched a set of APIs to help crypto companies generate branded bank cards
Striga Technology (formerly Lastbit), the licensed company which is building compliant crypto and banking infrastructure for European businesses, has launched crypto-backed card-issuing APIs.
The new crypto cards programme is specifically tailored for neobanks, web3 apps, and crypto companies. Namely, it allows these entities to issue self-branded crypto cards for their end users. Moreover, the program enables builders to embed compliant real-time spending workflows for authorizing card transactions against a crypto balance.
Striga’s card issuing platform enables crypto-related companies to issue customised virtual or physical cards for their users. While it gives end-users convenient and flexible ways to manage their crypto assets and boost their portfolios, crypto-providing platforms will be able to diversify their offerings, attract more clients, and enable recurring payments via digital currencies.
The newly issued cards can be directly linked to customers’ crypto or EUR accounts, enabling them to make daily purchases and recurring payments, as well as handle other financial needs without cash, debit/credit cards, or other centralized currencies.
Having received the proper national crypto license, Striga also offers high-security features, such as multi-factor authentication, encryption, and real-time fraud monitoring to protect its customers. Moreover, its services cover all the necessary aspects of crypto services compliance (banking connectors, liquidity, custodian connectors, issuing, processing, compliance, monitoring, reporting, etc).
Founded in 2018, Striga aimed to build a better payment network utilizing alternative financial means such as Bitcoin and altcoins. Today, the company powers the core infrastructure for numerous European crypto companies, becoming the first virtual asset service provider (VASP) licensed under Estonia’s AML regime very similar to the proposed MiCA legislation.