ORIGINAL SOURCE: BIT

The world's leading digital asset financial services group, BIT, announced today that its off-site trading operations have officially launched the "Virtual Account" service. This represents a milestone in the BIT ' s efforts to optimize access to large amounts of French currency and to enhance the experience of asset allocation for high net value individuals and institutional clients。

FOR A LONG TIME, THE TWO-WAY CONVERSION OF TRADITIONAL FRENCH CURRENCY AND ENCRYPTED ASSETS HAS FACED MANY CHALLENGES, INCLUDING COMPLEX BANK REVIEWS AND LATE ENTRY. TO ADDRESS THESE PAINS, BIT WORKED WITH THE GLOBAL HEAD COMMERCIAL BANK TO OPEN VIRTUAL ACCOUNTS FOR CUSTOMERS UNDER THE SAME NAME AT THE BANK END, CREATING A CLOSED LOOP OF FUNDS WITH THE SAME NAME AND COMPLIANCE。

Diversification of the system of accounts, time-bound and fully open

In order to meet the diverse needs of different types of clients, BIT off-site transactions have introduced two types of account products for individual and institutional client choices: Core Account (core account) and Plus Account (progress account)。

• CORE ACCOUNTS: SINGLE-CURRENCY ACCOUNTS, WHICH MEET BASIC USD TRANSACTION NEEDS AND REQUIRE ADDITIONAL APPLICATIONS IN OTHER CURRENCIES. EFFICIENT AND EXPEDITIOUS OPENING OF ACCOUNTS。

• PROGRESSIVE ACCOUNTS: MULTI-CURRENCY ACCOUNTS (SUPPORT TO USD, SSD, HKD, EUR). COOPERATION WITH AA-RATED BANKS。

During the event, the opening of the relevant account by the individual and the client of the institution has the advantage of opening the account for a limited period of time and has further enhanced the experience of opening and using the account。

BIT, ALSO KNOWN AS THE VIRTUAL ACCOUNT SERVICE, IS ANOTHER IMPORTANT MILESTONE FOR BIT TO CONTINUE TO PROMOTE COMPLIANCE AND BUILD A MORE OPEN AND ACCESSIBLE SYSTEM OF ENCRYPTED ASSET SERVICES. IN THE FUTURE, BIT WILL CONTINUE TO BE INNOVATIVE AND PROVIDE BETTER QUALITY SERVICES TO USERS AROUND THE WORLD, BASED ON THE "CLIENT FIRST" CONCEPT。

ABOUT BIT

BIT is a digital financial services group for global institutional clients that works to provide safe and efficient digital asset transactions and liquidity solutions for professional institutional investors and high net value clients. Fly Wing Technologies Pte. Ltd., a wholly owned subsidiary of BIT Singapore, focuses on off-site trading, serving global institutions and high net worth customers, covering encrypted money miners, quantitative trading teams, fund companies, and high netting people in the areas of encryption and traditional finance. The company has been officially approved by the Singapore Finance Authority (MAS) as a large payment institution licence (MPI)。

Original Link

This paper is from a contribution and does not represent the point of view of Block Beats。