Simplifing Global Payments – Grineo Integrates Fiat and Digital Currencies

Sydney, Australia, 15th Jan 2024, King NewsWireGrineo, the FinTech start-up that aims to introduce digital currencies to the physical world, announced the launch of its highly-anticipated “debit card & wallet App” exclusively in Australia by early 2024. The app and card allow users to store and trade digital currencies as well as spending them like cash in stores or withdrawing as cash from ATMs, bringing much-needed adoption to the world of digital currencies.

Simplifing Global Payments – Grineo Integrates Fiat and Digital Currencies

The founders of Grineo first came up with the idea during a business meeting in Melbourne back in 2022, where they saw the immense potential of stablecoins as a store of value for investors.

They also realized that Australia significantly lagged its peers when it comes to the number of digital start-ups per person, the amount of investment in digital asset companies, and tech-skilled professionals. However, according to their estimations, if Australia manages to adapt blockchain and digital assets despite these issues, it will be able to save A$160 per person per year on international transaction fees and up to 80 hours per a small business on compliance and administrative costs.

Grineo officially launches in Q1 2024, becoming the catalyst for this much-needed change in the Australian market.

Grineo users can spend digital currencies with no extra exchange fees wherever major cards are accepted, with conversion taking place in real-time at point-of-sale. With thousands of users in the waitlist from Sydney, Melbourne, Perth, and Brisbane, Grineo continues to expand its reach across the whole of Australia.

“The Australian market size in terms of transaction revenue is considered very niche for a digital currency card provider accounting only for $17M of revenue annually,” said Olesia Kostieieva, Grineo Chief Expansion Officer. “Our philosophy is that payments in digital currency should be available for everyone everywhere.”

With Grineo, consumers can unlock the power of digital currencies by opening a free account and gaining access to a physical card in just a few business days. They can also receive an immediate virtual card for instant use. All transactions take place on the Grineo platform, without any middleman processes slowing things down. Swapping assets are arranged easier or more affordable. The platform boasts a host of features, from customizable notifications to cutting-edge asset management tools. And behind the scenes, Grineo is revolutionizing the financial system by giving digital currencies the same level playing field as traditional currencies, including the Australian dollar. So, less limitations and more endless possibilities with the Grineo payment app.

“It is an all-in-one application,” Kostieieva said. “Because Grineo stores your digital currency alongside your traditional currency, there’s no need to go back and forth with your bank or top up via bank transfer and wait several days for it to settle.”

But what sets Grineo apart is its commitment to transparency and low fees. With exclusive rates and automatic conversion at the best possible live rates, users could save a significant amount of money on overseas transactions. No-fee ATM withdrawals are also available. Plus, with Grineo’s partnership with regulated card companies and banks, users can trust that their assets are secure and compliant.

According to Kostieieva, the use of stablecoins for purchasing goods and services may still pose some challenges. However, with the revolutionary Grineo platform, one can effortlessly utilize USDT in Sydney or seamlessly compensate others in Ethereum.

As Grineo prepared to enter the Australian market, they maintained a close relationship with regulators in Australia where they had already launched in the summer of 2023 their start-up regulated by AUSTRAC. This designation gave Grineo access to essential networks and systems, further solidifying their position as a potential leader in the digital currency space.

In addition, Grineo collaborates with regulated card companies and bank partners to offer a comprehensive range of traditional and digital currency payment services throughout its prime market in Australia. All while upholding the utmost standards for security and compliance.

Kostieieva shared that the high standards set by regulatory players only serve to inspire and motivate their team, as they feel a great responsibility to ensure the success of Grineo. With their sights set on revolutionizing the way we spend and exchange currency, Grineo is ready to make its mark on the FinTech world.

About Grineo

Discover the innovative world of GrineoPay – the ultimate gateway to the digital currency economy in Australia. Our carefully crafted suite of products, led by the Grineo Wallet & Card App, is designed to cater to all levels of users with its intuitive interface and advanced trading features. Headquartered in the bustling cities of Sydney and Melbourne, our fully regulated company, Grineo Pty Ltd, is backed by a team of banking and FinTech experts. Be a part of the digital currency revolution and join us at our headquarters on Level 14, 5 Martin Place, Sydney, NSW 2000, Australia. Regulated by AUSTRAC. Unleash the potential of digital currency with GrineoPay – visit our website https://grineopay.com  now!

Media Contact

Organization: Grineo Pty Ltd

Contact Person: Anna

Website: https://grineopay.com

Email: Send Email

Address: Level 14, 5 Martin Place

City: Sydney

Country: Australia

Release Id: 1501248904

The post Simplifing Global Payments – Grineo Integrates Fiat and Digital Currencies appeared first on King NewsWire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.


Disclaimer: The views, recommendations, and opinions expressed in this content belong solely to the third-party experts. This site was not involved in the writing and production of this article.


Disclaimer Press Release Banner

Related News

Visa Information For Saudi Visa Application Requirements For Japanese, Kazakhstani, Lithuanian, UK Residents

Visa Information For Saudi Visa Application Requirements For...

Saudi Arabia, 30th Aug 2024 - SAUDI VISA FOR JAPANESE CITIZENS: People from over 50 nations, including Japanese nationals, have the opportunity to submit an application for an eVisa for trips to Saudi...

Shawano Tree Service Is Now Offering Free Estimates & Quotes to Nearby Cities

Shawano Tree Service Is Now Offering Free Estimates & Quotes...

Shawano Tree Service is offering free estimates and affordable tree services such as tree removal, cutting, trimming, stump removal, landscaping and more to Shawano, Wisconsin and also Shawano County,...

Coinstore to list Humanity Protocol's SRS Token: Enhancing Financial Inclusion for the Unbanked

Coinstore to list Humanity Protocol's SRS Token: Enhancing F...

Dubai, United Arab Emirates, 3rd Jul 2024 - Humanity Protocol is excited to announce the listing of the SRS Token on Coinstore, marking a significant milestone in enhancing financial empowerment globa...

Pearl Wellness Center: Redefining Post-Surgery Care in Los Angeles

Pearl Wellness Center: Redefining Post-Surgery Care in Los A...

Our commitment to patient comfort and recovery has never wavered, and our recent enhancements allow us to serve our clients with even greater precision and care,” said spokesperson of Pearl Wellness C...

Tarfb Revolutionizes Apparel Market Insights with Latest Report Release

Tarfb Revolutionizes Apparel Market Insights with Latest Rep...

Georgetown, Ontario, Canada, 7th Apr 2024 – Tarfb, a leading authority in market research and analysis, has announced the release of its newest report, offering valuable insights into consumer prefer...

TRONERA may lead the way in the use of blockchain technology in the industry.

TRONERA may lead the way in the use of blockchain technology...

Singapore, 1st Apr 2024 - By obliterating centralized platforms, TRONERA aspires to secure that creators no longer endure considerable commission deficits, fundamentally attributed to intermediaries....

Welcome to NZ DEPOT – Your One-Stop Solution for Heat Pumps and Air Conditioning Systems

Welcome to NZ DEPOT – Your One-Stop Solution for Heat Pumps...

New Zealand’s premier online shopping store, is proud to introduce its extensive collection of heat pumps, air conditioning units, and HVAC accessories. As the demand for energy-efficient home solutio...

Metanation and MEMETOON Sign Partnership Agreement for Global Webtoon and Short Challenge Services

Metanation and MEMETOON Sign Partnership Agreement for Globa...

Seoul, Korea South, 17th May 2024 - Metanation and MEMETOON signed a partnership agreement aimed at targeting the global content market. This agreement focuses on the globalization of various content...

Seamless Turkish Visa Services Revolutionizing Travel with Speed and Ease

Seamless Turkish Visa Services Revolutionizing Travel with S...

Turkey, 18th Nov 2024 - The process of obtaining a Turkish visa has been transformed, thanks to the innovative visa solutions offered by Turkish Visa. Catering to tourists, business professionals, and...