This diagram illustrates the process of converting fiat currency (e.g., USD, EUR) into cryptocurrency through several steps and participants. The user sends fiat funds through a Payment Provider, which processes the transaction and transfers the funds to a Settlement Bank. From there, the fiat funds are sent to an Exchange for conversion into cryptocurrency. Finally, the acquired cryptocurrency is securely transferred to Swaps Custody, a custodial service that ensures the safe storage of assets.
This process enables users to easily convert their fiat funds into cryptocurrency through a trusted infrastructure and secure asset storage solution.
Blue arrows represent the movement of fiat funds, starting from the user and ending at the exchange.
Yellow arrows indicate the transfer of cryptocurrency from the exchange to the custodial service.
This process enables users to easily convert their fiat funds into cryptocurrency through a trusted infrastructure and secure asset storage solution.
This diagram illustrates the process of converting cryptocurrency into fiat currency. The user initiates the process by transferring cryptocurrency from Swaps Custody to an Exchange. The exchange converts the cryptocurrency into fiat currency, which is then sent to a Settlement Bank. The Payment Provider processes the fiat transaction and transfers the funds back to the user's account.
Blue arrows represent the movement of fiat funds, starting from the exchange and ending at the user.
Yellow arrows indicate the transfer of cryptocurrency from the custodial service to the exchange.
This process allows users to easily convert their cryptocurrency into fiat funds through a secure infrastructure and reliable payment processing.