BCB Group Product Highlights in 2024
2024 was a big year for both the crypto industry and BCB Group. Here’s a summary of the main product enhancements we made in 2024.
🇺🇲 USD Domestic Accounts and BLINC
We understand the critical role USD plays in business operations and the global financial ecosystem. Early in 2024, we launched USD domestic payment accounts and integrated USD into the BLINC network. This addition extends the power of instant, 24/7 payments and settlements with no limits from GBP, EUR, SGD, CHF, JPY, AUD and NZD to USD!
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💻 Enabling Self Service
We know how precious your time is. This year we also made a series of changes to the client portal, including making viewing and downloading your statements simpler and quicker, as well as enabling self service for managing your team’s permissions within the client portal.
🪙 Expanded our Token offering
Expanding our token offering means more opportunity for you to capitalise on a wider range of trading opportunities. In 2024, we added 7 new tokens to our trading offering (BCH, DAI, PYUSD, EURC, XRP, SOL and DOGE). This now expands our token offering to 15, with more to come this year.
€ EMI Licence unlocks Instant SEPA
Want access to instant SEPA and no limits on holding balances to deepen your presence or start expanding in Europe? Continuing our regulatory-first approach, the granting of our EMI licence from the ACPR, enabled us to offer on-shore EURO accounts.
🇪🇺 EURO vIBANs
Managing client payments shouldn’t be a headache. That’s why we’ve expanded our GBP virtual account offering to include a EUR equivalent, allowing you to create labelled sub-accounts for your clients, each with its own unique IBAN. These sub-accounts roll up into your main business account, helping to reduce payment rejection rates and streamline manual reconciliation tasks.
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🇦🇺 AUD Accounts
Say G’day to our AUD payment account. With access to local BECs rails (and instant payments through NPP on the horizon), this expands the total number of currencies we offer payment accounts to 23, giving you access to local rails with greater speed and better pricing to reach new markets.
↔️ Laser Focused on Settlement Times
In 2024, we focussed on enhancing our infrastructure to strengthen settlement capabilities. This included onboarding new trading partners, expanding into more markets, and integrating improved payment rails. We can now offer physical settlements in up to 30 minutes. In 2025, our goal is to elevate these capabilities even further.
💵 Crypto Stablecoin Accounts
Tired of managing separate crypto and fiat accounts? 2024 saw the launch of our crypto accounts, with the initial offering covering stablecoins (USDC and USDT). Crypto accounts now sit alongside fiat accounts in our client portal, giving you full visibility and control of both crypto and fiat assets in one place.
💡Flex Collect
Last but not least, Flex Collect is the latest BCB product release. It enables you to receive and send over 20+ fiat and digital currencies without the hassle of currency conversions. We handle the conversion automatically allowing you to store your funds in one or more base currencies.
Interested to know more about any of these changes? Or want to help us inform our 2025 roadmap?
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The information contained in this document should not be relied upon by investors or any other persons to make financial decisions. It is gathered from various sources and should not be construed as guidance. The information contained herein is for informational purposes only and should not be construed as an offer, solicitation of an offer, or an inducement to buy or sell digital assets or any equivalents or any security or investment product of any kind either generally or in any jurisdiction where the offer or sale is not permitted. The views expressed in this document about the markets, market participants and/or digital assets accurately reflect the views of BCB Group. While opinions stated are honestly held, they are not guarantees, should not be relied on and are subject to change. The information or opinions provided should not be taken as specific advice on the merits of any investment decision. This document may contain statements about expected or anticipated future events and financial results that are forward-looking in nature and, as a result, are subject to certain risks and uncertainties, such as general economic, market and business conditions, new legislation and regulatory actions, competitive and general economic factors and conditions and the occurrence of unexpected events. Past performance of the digital asset markets or markets in their derivative instruments is not a viable indication of future performance with actual results possibly differing materially from those stated herein. We will not be responsible for any losses incurred by a client as a result of decisions made based on any information provided.