Smartpay Launches Pix Withdraw Functionality through Swapix Solution

03/03/2023 06:24 • Digital Disruptors • 88 views

On March 3, the Swapix solution of Smartpay launched the Pix Withdraw function, which can be used to send and convert between Tether and Brazilian real using Pix. This function can be used on the USDT.com.vc website or the Bitlinex payment application FastPay, and will be applicable to other institutions that accept PiX withdrawals.

Swapix launched Pix Withdraw function, which can convert Tether to Brazilian real

Analysis based on this information:

Smartpay, a Brazil-based payment solutions provider, launched the Pix Withdraw function on March 3, through its Swapix solution. This new feature enables users to convert and send funds between Tether and Brazilian real using Pix. This function can now be accessed by visiting the USDT.com.vc website or through Bitfinex’s payment app called FastPay. Moreover, other institutions that accept Pix withdrawals will also be able to avail of this functionality.

Pix Withdraw is an important development in Smartpay’s continued efforts to streamline payments and provide more efficient and cost-effective solutions to users. As Brazil’s financial system increasingly moves towards digital transactions, Pix has emerged as a leading payment system that facilitates instant transfers between individuals and businesses. This new functionality enables users to enjoy the benefits of Pix to transfer funds between Tether and Brazilian real, which are two of the most commonly used currencies in the country. By leveraging Pix, users can expect instant settlement, 24/7 transaction capabilities, and reduced transaction fees.

The launch of Pix Withdraw has been made possible through Swapix, a cross-chain solution introduced by Smartpay in late 2020. Swapix allows for the integration of different digital assets and enables the seamless conversion of one asset to another. This platform’s use of advanced technologies such as atomic swaps and multi-party computation ensures secure and transparent transactions. Swapix has been actively adding new functionalities and partners, and through this, it has become an integral part of Smartpay’s payment ecosystem.

FastPay, Bitfinex’s payment app, supports other payment methods such as bank transfers, credit card payments, and cryptocurrency payments. The integration of Pix Withdraw into FastPay has extended the app’s functionality and made it more versatile. This development reflects Bitfinex’s progressive stance towards providing users with a diversified range of payment options. Furthermore, the inclusion of other industry players that accept Pix withdrawal will broaden the user base of this functionality, making it more accessible and easy to use.

In conclusion, Pix Withdrawal is a significant addition to the payment solutions offered by Smartpay. This feature leverages the power of Pix, Swapix, and FastPay to provide users with a convenient, secure, and cost-effective payment ecosystem. By enabling users to transfer funds seamlessly between Tether and Brazilian real, Smartpay has established itself as a key player in Brazil’s digital payment landscape.

This article and pictures are from the Internet and do not represent aiwaka's position. If you infringe, please contact us to delete:https://www.aiwaka.com/2023/03/03/smartpay-launches-pix-withdraw-functionality-through-swapix-solution/

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.

Smartpay Launches Pix Withdraw Functionality through Swapix Solution

Swapix launched Pix Withdraw function, which can convert Tether to Brazilian real

Recommended articles