Crypto Exchange LBank Signs With Encryptus for Crypto to Payout Infrastructure – Press release Bitcoin News

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Crypto Exchange LBank Signs With Encryptus for Crypto to Payout Infrastructure – Press release Bitcoin News
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Crypto Exchange LBank Signs With Encryptus for Crypto to Payout Infrastructure

; a licensed crypto and fiat infrastructure company, to streamline their crypto to payouts in 100+ countries.

LBank’s 9 million users across Africa, Asia and Europe will be able to access Encryptus’ sophisticated payout network, enabling them to make payouts in a compliant and secure manner. Remittance is a vital source of income for many developing countries and has been steadily increasing in recent years, with low and middle income countries growing an estimated 5% to $626 billion, according to the. Remittance is expected to expand at a compound annual growth rate of 15.6% from 2023 to 2030.

Kaia Wong, CMO of LBank, sounded excited about the partnership and commented, “LBank is thrilled to be working with Encryptus to offer payout to our users. Bank wires, gift cards, mobile data plans and mobile minutes is just the start. Through this partnership, LBank will be able to offer additional services to our users. We are an ecosystem company and this partnership proves that.”

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