BlockFills, a digital asset technology and trading company, has introduced a new crypto-to-fiat payment processing service tailored for enterprise payment companies and FinTech firms. The service aims to connect traditional financial systems with digital assets, enabling companies to process transactions between cryptocurrencies and fiat currencies securely and efficiently.
The service leverages API access, BlockFills’ Vision trading platform, and over-the-counter (OTC) options, providing clients with flexible on-ramp and off-ramp solutions for digital assets. The offering includes competitive, all-inclusive pricing and support for multiple fiat currencies, making it a compelling option for businesses looking to integrate crypto payments.
Key features of BlockFills’ payment solution include established fiat banking connections, same-day settlement, and no taker fees, alongside post-trade settlement and credit options to enhance transaction efficiency. The service operates on a secure platform supported by advanced wallet infrastructure, ensuring safe handling of both digital and fiat currencies.
The new service is part of BlockFills’ expanding tech stack, targeting companies seeking digital asset integration, including Web3 apps, digital wallets, and crypto exchanges. One early user, C14—a digital payment processor serving crypto wallets and GameFi applications—reported smooth integration and operational benefits from the service.
Nick Hammer, Co-Founder & CEO of BlockFills, commented,
“BlockFills is trusted by more than 1,500 institutional financial services clients to conduct $65 billion in trade volume across 70 countries. As we continue our push beyond traditional trading and into software, enterprise payments processing is an obvious path where we can leverage our world-class infrastructure and expertise in digital assets to bring immediate value and impact to the market.”
Erich Grant, CEO of C14, added,
“We recently onboarded at BlockFills to forge a relationship with a firm focused on the rigorous demands of institutions, based on a desire to shift the bulk of our business away from centralized exchanges that proved challenging on a variety of levels. We especially appreciate BlockFills’ sharp pricing when it counts and quick settlement capability. This elevated experience has allowed C14 to focus on growing the business, rather than spending time addressing issues introduced by trading counterparties.”
The launch underscores a wider industry shift toward digital asset integration within traditional finance. According to Global Market Insights, the crypto payment gateway market, valued at $1.2 billion in 2023, is expected to grow at a compound annual rate exceeding 15% from 2024 to 2032. Meanwhile, the global payments market is projected to reach $3 trillion by 2026, reflecting the increasing convergence between fiat and digital currencies.
This new service further aligns with BlockFills’ commitment to enhancing digital asset infrastructure. With a strong foundation in spot, derivatives, and lending markets, BlockFills has become known for resolving liquidity issues through advanced order routing, trade reconciliation, and electronic order matching.
The development comes as BlockFills has bolstered its operations in the region with key leadership appointments, which included promoting Demetrios Zamboglou to the position of CEO UAE.
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