This startup offers a banking infrastructure platform that integrates traditional banking systems with blockchain technology, enabling seamless management of both crypto and fiat transactions. It provides Banking-as-a-Service solutions, including whitelabel options and payment processing, to enhance security and accessibility for Web2 enterprises and Web3 innovators.
Funding
$2M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Traditional banking systems often lack seamless integration with blockchain technology, creating friction for users who manage both crypto and fiat currencies. This divide complicates international transactions and limits accessibility for businesses and individuals operating in both the Web2 and Web3 spaces.
Solution
BipTap provides a banking infrastructure platform that bridges the gap between traditional finance and blockchain, enabling users to manage crypto and fiat transactions within a unified system. The platform offers Banking-as-a-Service (BaaS) solutions, including virtual accounts, offshore bank accounts, and various card options (virtual, plastic, metal), facilitating international transfers and simplified compliance. BipTap's technology integrates with major blockchains and banking networks, providing users with tools for currency exchange, payment processing, and asset management. The platform supports a range of currencies, automates currency swaps, and offers customizable solutions for businesses and individuals.
Target Audience
BipTap targets Web2 enterprises and Web3 innovators seeking to integrate crypto and fiat currencies into their financial operations, as well as individuals looking for accessible and secure international banking solutions.
Features
- Virtual accounts for instant access and crypto-to-fiat conversion
- Offshore bank accounts for personal and business use
- Multiple card options (virtual, plastic, metal) for global transactions
- Payment processor that supports crypto and fiat payments
- Currency exchange services with automated swaps between fiat and crypto
- International money and asset transfers with integrated banking and blockchain systems
- Account and card management tools with customizable permissions
- Support for over 20 cryptocurrencies and multiple fiat currencies
- API for smooth data exchanges and custom infrastructure options
- Gamified banking features with rewards and benefits