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SecondFi Partners with Banxa to Expand Fiat Access for Self-custody Users

SecondFi has announced a partnership with Banxa to add fiat on-ramp and off-ramp services to its self-custody neofinance platform. The addition covers more than 180 markets and over 30 fiat currencies, giving users a simpler way to move between local money and digital assets.

The goal is to reduce the number of steps needed to fund an account, trade, or withdraw back into local currency. SecondFi said the update helps connect traditional payment systems with a self-custody setup where users keep control of their funds.

The move comes as financial platforms continue to split between ease of use and user control. Traditional apps make payments simple but often require custody of user funds. Crypto platforms offer ownership, but funding and withdrawals can be slow or fragmented. SecondFi is trying to close that gap.

How will users move between fiat and crypto on SecondFi?

With Banxa integrated, users can fund their SecondFi account directly using local payment methods like bank transfers, Apple Pay, Google Pay, and PayPal. The system converts fiat into digital assets without requiring users to move through multiple exchanges or platforms.

Where supported, users can also cash out directly back into local currency and send funds to their bank accounts. The process is designed to stay inside the SecondFi app from start to finish.

The platform also supports spending, saving, and earning features through third-party providers, all within a single self-custody account.

Self-custody platform aims to simplify everyday money use

SecondFi said the partnership makes self-custody more practical for daily financial use. Users keep control of their assets while still gaining access to fiat payment systems.

Banxa said the integration helps reduce friction by letting users interact with crypto through familiar payment options while handling compliance and conversion in the background.

Together, both companies aim to make self-custody accounts easier to fund, use, and withdraw from, without forcing users to rely on centralized custody.

Meanwhile, Banxa Holdings expanded its partnership with OSL Pay to build a global, fully compliant Web3 payments system aimed at institutional clients. Announced at the PayFi Rewrite event, the move reflects growing demand for regulated digital payment infrastructure that can support large-scale crypto transactions.

 

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