9 months ago
55 ARTICLE AD
Zug, Switzerland, February 7th, 2024, Chainwire
The Swiss-based platform Skyline Digital empowers underbanked Web3 Businesses, Founders, and DAOs to access third-party fiat payments, OTC trades, tokenized real-world assets, vIBANs, and on/off-ramping.
Web3 Businesses, DAOs, and High Net Worth Individuals find themselves underserved by traditional banks, while custodial and centralized crypto exchanges pose risks and unreliability. Skyline Digital has made it a mission to solve these issues at the core of Web3 business with its non-custodial platform, providing access to TradFi services directly from any wallet.
Switzerland is the crypto-friendly home base of Skyline Digital, from where it operates as a regulated financial intermediary and VASP. From there, Skyline Digital facilitates a variety of financial activities, including third-party payments, OTC trades, vIBANs, on and off-ramping, and tokenized real-world assets such as US treasury bills.
Skyline Digital's suite of services addresses the needs of Web3 organizations, including business expenses, contractor payments, or service provider transactions. So far, customers have utilized the platform for different types of transactions, including real estate investments, paying legal fees, purchasing a Tesla, and hiring contractors on a global scale.
The platform's integration with Web3 liquidity providers and traditional finance institutions allows it to act as a payment facilitator, handling the exchange and payment from and to any major stablecoin and fiat currency (EUR, USD, CHF, GBP, SGD). Onboarded customers can directly process transactions from their Metamask, Safe, Ledger, or other wallets, bypassing the intricacies associated with traditional banking intermediaries. Last month, the platform extended the integration to Polygon Mainnet, and now users can choose between that network and Ethereum.
"For Web3 professionals, the boundary between TradFi and DeFi remained practically impenetrable. Bridging on-chain assets to the real world posed significant challenges, especially for Unincorporated DAOs, due to their lack of a legal entity. We can process single and batch transactions directly from our client's Web3 wallets. The alternative is a cumbersome and costly combination of centralized exchange and bank transactions, which all require custody of your assets and bear substantial fees." says Sebastião Queiroz e Mello, co-founder and CEO of Skyline Digital.A distinct feature of Skyline Digital is its accessibility to the traditional investor market. Traditional investors can subscribe to Web3 fundraises through bank transfers without needing a wallet or technical sophistication.
Additionally, for Web3 businesses, Skyline Digital simplifies accounting reconciliation by providing detailed descriptions and tracking of on-chain and fiat payments.
Skyline Digital also offers customers crypto-to-crypto batch payments free of charge, contrasting its competitors, which charge up to 9000 USD annually, coupled with a 0.2% to 0.5% charge applied to each batch payment. Skyline Digital charges 1% and 10 USD per fiat payment without onboarding or monthly fees.
The platform went live in early 2023 and provides its rails also via API, while working with partners to make it accessible through main Web3 infrastructure tools and platforms. This year, Skyline Digital will roll out new TradFi and DeFi features, such as invoicing functionality, cards, and loans. To date, Skyline services some of the industry's most well-known DAOs and businesses.
About Skyline Digital
Skyline Digital is a non-custodial solution opening the doors of TradFi for Web3 Businesses, Founders and DAOs.
Official Website | Linkedin | Twitter | Telegram
Contact
Cíntia Costa
Skyline Digital AG
[email protected]
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
