Here’s How Vault Fast-Tracks Startups and Banks Into Crypto, All Without Massive Expenses

From its roots in Crypterium, which later evolved into Choise.com, Vault has emerged as a leader in the B2B digital banking sector. From providing turnkey solutions for crypto-fiat infrastructure to offering customizable frameworks for seamless integration, this company with a whopping $20 million in revenue by 2023 and counting dozens of clients like Gleec, Lyopay and many others, continues to spearhead innovation, driving forward the evolution of digital banking. 

Challenges Businesses Encounter With Fiat-Crypto Infrastructure & How Vault Steps In

To launch fiat and crypto banking operations, businesses must navigate intricate legal frameworks, overcome technical hurdles, and address compliance requirements along the way. Vault removes all these complexities and gives clients a pre-built infrastructure, reducing expenses and speeding up the time ‘til launch. 

With Vault’s solutions, startups, crypto ventures, banks and neobanks can score substantial yearly earnings of a couple of million dollars each, while ecosystems have an even greater potential for revenue. 

To accomplish all that, Vault invested over $35 million in creating its infrastructure and secured about 40 contracts worth approximately $18.5 million in the first 6 months alone.

What’s Exactly in Vault’s Suits of Solutions?

Vault has developed a set of features and solutions to help businesses integrate crypto into their operations so that they can further meet the needs of their clientele. These include integrating SWIFT and IBAN for instant transfers between crypto and fiat, a centralized crypto-to-crypto swap service, free wire transfers, and much more. 

Vault’s got clients covered with seamless transactions for over 30 cryptocurrencies and fiat currencies, offering both on and offramping through several services of their preference. 

They assist with the establishment of KYC/AML/CFT protocols and manage all administrative tasks and everything from attaining financial licenses to negotiating contracts with card providers. This end-to-end support ensures clients can effortlessly use Visa and Mastercard cards for making online and offline payments in cryptocurrency.

Empowering clients to offer their users crypto-backed loans, Vault takes care of all the financial details – accounting and risk management and arranges profitable treasury services.

Yet, to meet the different needs of their clients, Vault decided to offer 3 frameworks suited for different business models and different preferences. If clients already have existing products, they can simply make an integration with Vault’s API. Alternatively, for those seeking a complete solution ready for immediate use, Vault offers a turnkey solution in a white-label format. Some clients may require a combination of both, and Vault is well-equipped to accommodate these needs as well.

Shift From B2C to B2B – A New Chapter or the End of an Era?

In reference to Choise.com mentioned earlier, the company once prioritized providing direct services to customers. However, with Vault at the forefront, the team has redirected efforts towards serving the needs of businesses exclusively. Does this suggest they’re not planning to further develop in the B2C direction?
In an interview with U.Today, Vladimir Gorbunov, founder of Vault, emphasized that the company is putting efforts to ensure both Choise.com and CHO, the token representing their entire ecosystem, benefit from their pivot towards serving businesses, with promising plans slated for implementation in 2024.