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Empowering Global Remittances: Revolutionizing Business with Cybrid

Lee Cocking
Post by Lee Cocking
May 18, 2023
Empowering Global Remittances: Revolutionizing Business with Cybrid

In an era of increasing global integration, it has become evident that the world requires a sophisticated financial framework that can handle cross-border transactions with unparalleled efficiency and ease. For businesses, the need for a versatile and reliable payment platform that can meet these demands is paramount. This is where Cybrid stands tall, providing an innovative and robust platform designed to revolutionize the realm of global payments.

An Introduction to Cybrid

Born out of a recognition for the modern world's ever-growing need for seamless cross-border transactions, Cybrid's mission is to make the complex world of global payments simple, secure, and efficient. By providing North American focused businesses with the essential tools to establish tailored solutions for the unique payment requirements there, Cybrid paves the way for unimagined innovations and use cases.

Cybrid's innovative technology isn't just about facilitating transactions; it's about empowering businesses, big and small, to build, grow, and thrive in the North American market. This revolutionary approach is a key part of our philosophy: to offer not just a service, but a foundation on which businesses can build their financial future.

A Closer Look: The Architectural Pillars of Cybrid

At the core of Cybrid's transformative platform lies two key features: our unique For Benefit Of (FBO) model for bank accounts and our advanced Smart Order Router with digital wallet infrastructure. Both of these components play crucial roles in empowering businesses with flexible, secure, and efficient payment solutions.


For Benefit Of (FBO) Model for Bank Accounts

In the quest to simplify and streamline banking operations, Cybrid utilizes a unique FBO model for bank accounts, in both USD and CAD. Our sponsor banks create these accounts, which are managed entirely through API and our virtual ledgering, double entry software. This innovative approach affords businesses the ability to maintain complete control over their accounts, tracking and managing their transactions with ease and precision.

An integral part of creating accounts on the Cybrid platform is the Know Your Customer (KYC) procedure. We abide by the highest banking standards, ensuring every account holder is verified and validated.

Furthermore, our FBO model allows for a complete flow of funds. This is a crucial element in maintaining anti-money laundering compliance and creating an environment of trust and transparency. Through this model, Cybrid is able to provide a secure and robust platform that aligns with global financial regulations while offering businesses the flexibility they need to grow.

Cybrid's Connection to North America's Financial Systems

As a recognized Money Service Business with access to Money Transmitter Licenses, Cybrid elevates the global payments landscape by providing unparalleled access to key financial networks in United States and Canada. Our groundbreaking FBO account model integrates seamlessly with Real Time Payments, ACH payment, wire payment, and Canada's Interac EFT payment system, establishing Cybrid as a comprehensive solution for global businesses.

By maintaining connections with these crucial financial systems, Cybrid ensures that businesses have all the tools they need to handle their global transactions. Whether it's making real-time payments, executing large-volume transactions, or rapidly moving funds across borders, Cybrid's robust platform empowers businesses to operate at their full potential.

Smart Order Router & Digital Wallet Infrastructure

In parallel to our unique FBO model, Cybrid's advanced Smart Order Router, coupled with a digital wallet infrastructure, enables easy adoption of cryptocurrency use cases. This sophisticated system provides seamless access to digital currencies, like Bitcoin and USDC, allowing businesses to leverage the benefits of cryptocurrencies for their global transactions.

Copy of Cybrid Smart Order Router (3)By incorporating both of these architectural pillars, Cybrid offers businesses an unprecedented level of versatility and control over their payment solutions. The combination of traditional banking mechanisms and cutting-edge cryptocurrency technology presents businesses with an all-encompassing, modern, and future-proof platform for global payments.

Lee Cocking
Post by Lee Cocking
May 18, 2023
Lee Cocking, the accomplished Head of Product at Cybrid, is a highly-regarded expert in product management and a driving force in the blockchain industry. With his extensive experience and deep understanding of blockchain technology, Lee provides thought leadership and guidance that shape the development of Cybrid's innovative product offerings. In addition to his wealth of product management knowledge, Lee shares valuable insights on the evolving landscape of blockchain and its potential to revolutionize various industries. His expertise and passion for the technology help to ensure that Cybrid remains at the forefront of the market, delivering cutting-edge solutions that address the unique needs of clients in the ever-changing world of digital assets.