Banqeta Partners with Rail (Layer2 Inc.) to Power Multi-Currency Accounts and Digital Asset Wallets
Banqeta has confirmed a strategic partnership with Rail (Layer2 Inc.) to deliver the core account infrastructure behind its global payment’s platform.
Through the agreement, Banqeta business customers will be able to open named accounts in multiple traditional currencies, including USD, EUR, GBP, INR, HKD, COP, ARS, and BRL, alongside secure wallets for leading digital assets such as Bitcoin, Ethereum, USDC, and USDT. All accounts and wallets will be fully integrated into the Banqeta platform, giving businesses seamless access to both fiat and digital currencies in one place.
The partnership ensures Banqeta users can send, receive, hold, and convert funds in over 130 countries, supported by Rail’s robust global payment network. Businesses will also be able to take advantage of BanqIT, Banqeta’s fee-free, instant transfer network between Banqeta users, across both traditional and digital currencies.
Neil Weeks, CEO and Co-Founder of Banqeta, said:
"This partnership with Rail is a major enabler for Banqeta. It gives our customers direct access to local payment rails worldwide, while also integrating digital asset capabilities without the complexity of multiple providers. For our users, it’s about speed, simplicity, and control over every transaction."
With Rail’s infrastructure underpinning Banqeta’s account and wallet services, businesses can operate globally with the same ease as they do locally, opening up new opportunities for cross-border trade, digital commerce, and multi-currency treasury management.
About Banqeta
Banqeta is a global business payments platform providing multi-currency accounts, traditional and digital currency wallets, Visa payment cards, and instant internal transfers via BanqIT. Serving companies in more than 130 countries, Banqeta helps businesses move money globally without the delays or costs of legacy banking systems.
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