LA JOLLA, Calif.–(BUSINESS WIRE)–Feb 15, 2022–
Silvergate Capital Company (“Silvergate” or the “Firm”) (NYSE: SI), the main supplier of revolutionary monetary infrastructure options to the digital foreign money business, immediately introduced Euro SEN – an growth of the Silvergate Alternate Community (“SEN”) – to allow prospects to switch euros in close to real-time, 24 hours a day, 7 days every week.
“The SEN, which lately crossed $1 trillion in cumulative cost volumes, is integral to the on a regular basis operations of our digital foreign money prospects,” mentioned Alan Lane, chief govt officer of Silvergate. “The launch of Euro SEN is an extension of our dedication to constructing a superior funds platform, and we’re excited that our prospects can now transfer euros 24/7 simply as they do U.S. {dollars}.”
Euro SEN was constructed utilizing the identical expertise as the prevailing U.S. greenback SEN cost rails and allows prospects to ship euros to different Silvergate prospects with quick entry to funds. Moreover, prospects can seamlessly convert euros to and from U.S. {dollars} in close to real-time.
The expertise, which is accessible via Silvergate’s proprietary API and its on-line banking platform, permits digital foreign money exchanges and institutional traders to restrict publicity to in a single day worth fluctuations all over the world and benefit from further buying and selling alternatives.
About Silvergate
Silvergate Capital Company (NYSE: SI) is the main supplier of revolutionary monetary infrastructure options and providers for the rising digital foreign money business. The Firm’s real-time funds platform, referred to as the Silvergate Alternate Community, is on the coronary heart of its customer-centric suite of funds, lending and funding options serving an increasing class of digital foreign money firms and traders all over the world. Silvergate is enabling the speedy development of digital foreign money markets and reshaping international commerce for a digital foreign money future.
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CONTACT: For Silvergate:
Natalie Quick
KEYWORD: CALIFORNIA EUROPE UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: OTHER PROFESSIONAL SERVICES FINANCE BANKING DATA MANAGEMENT PROFESSIONAL SERVICES TECHNOLOGY OTHER TECHNOLOGY SECURITY
SOURCE: Silvergate Capital Company
Copyright Enterprise Wire 2022.
PUB: 02/15/2022 09:00 AM/DISC: 02/15/2022 09:02 AM
http://www.businesswire.com/information/house/20220215005242/en
Copyright Enterprise Wire 2022.