Cabital, a leading digital assets institution, today announced that it has partnered with BCB Group (BCB), one of Europe’s leading provider of business accounts and trading services for the digital asset economy, enabling it to incorporate GBP to its growing list of payment methods.

Cabital’s partnership with BCB allows it to serve any customer who holds GBP as the rate of cryptocurrency adoption increases across Europe. The partnership with BCB allows users to exchange GBP for crypto assets and vice versa. Customers who convert their digital assets into GBP can easily transfer it to a bank account held in their name.

Raymond Hsu, Co-Founder & CEO of Cabital said:

“Cabital’s partnership with BCB allows people who hold GBP to buy crypto assets and enjoy high-yield passive income through our interest-bearing crypto asset deposit products on Cabital Earn. This will provide our customers who hold GBP with more opportunities to generate higher returns in an exciting and quickly growing asset class.

“As we further execute our strategic ambitions, we will continue seeking secure and efficient strategic partnerships that will allow our customers to easily and safely invest in cryptocurrency and generate high-yield passive income from their digital assets no matter what fiat currency they hold. Looking ahead, we plan on adding more fiat currencies to Cabital’s crypto rails in 2022.

“I am confident that the continued execution of our strategic priorities will create long-term sustainable value for our shareholders and customers.”

Oliver von Landsberg-Sadie, Founder and CEO of BCB Group, added:

”We’re delighted to be working with Cabital, and helping them with payments infrastructure to allow them to incorporate GBP into their offering.”

Last month, Cabital announced that it has added the European Union’s Single Euro Payments Area (SEPA) to its growing list of payment methods, enabling customers to seamlessly change between euros and cryptocurrencies to generate high-yield passive income. 

The SEPA announcement came after Cabital’s recently successful $4 million seed round that was led by SIG, Dragonfly, and GSR, increasing the company’s valuation to $40 million. That followed Cabital’s previously successful angel round where the company raised $3 million.