Transaction is subject to regulatory approvals and other closing conditions

SÃO PAULO, June 28, 2024 /PRNewswire/ — BTG Pactual (“BPAC11”), the largest investment bank in Latin America, announced on Thursday June 27^th, 2024 the acquisition of 100% of the share capital of M.Y. Safra Bank, FSB (“M.Y. Safra”), a private U.S. bank with net equity of USD 46.2 million.  The transaction aims to complement the product offering and maintain a focus on excellence and innovation in services provided to clients.

Roberto Sallouti, CEO of BTG Pactual, states: “The acquisition of M.Y. Safra Bank is another step in expanding our product and service offerings to our Latin American clients. We are expanding our operations in the United States to increasingly provide customized products and personalized service to our clients.”

Kathleen Romagnano, President and CEO of M.Y. Safra Bank, said: “Our agreement with BTG Pactual will enable us to offer an even broader suite of services and solutions for our clients and opportunities for our employees.  We share a commitment to excellence, innovation and personalized service.”

The completion and closing of the transaction are subject to verification of certain conditions precedent, including obtaining all necessary regulatory approvals. Upon closing, M.Y. Safra will change its name.

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M.Y. Safra Bank
M.Y. Safra Bank, FSB (“M.Y. Safra”) is a Federal Savings Bank regulated by the Office of the Comptroller of the Currency (OCC) in the United States. The bank is insured by the Federal Deposit Insurance Corporation (FDIC) and an Equal Housing/Equal Opportunity Lender. M.Y. Safra is privately owned and headquartered in New York City, where it focuses on providing innovative products and solutions to personal, business and private banking clients, as well as lending in the commercial and residential real estate markets. Clients include high net worth individuals, family offices and businesses. At the end of March 2024, M.Y. Safra had a loan portfolio of $275 million, $404 million in total assets and net equity of $46 million.

BTG Pactual
BTG Pactual is the largest investment bank in Latin America and operates in the Investment Banking, Corporate Lending and Business Banking, Sales and Trading, Wealth Management and Personal Banking, and Asset Management markets. BTG Pactual is already present in the United States, where it provides asset management and broker dealer services to individual and institutional clients.

Since its creation in 1983, BTG Pactual has had a meritocratic partnership culture, with a focus on its customers, excellence and a long-term vision. BTG Pactual currently employs more than 7,000 people in offices across Brazil, Chile, Argentina, Colombia, Peru, Mexico, the United States, Portugal, Spain, Luxembourg and the UK. At the end of March 2024, BTG Pactual managed more than USD 327.4 billion of assets for clients worldwide, with equity of USD 10.4 billion, total assets of USD 113.6 billion and a market cap of USD 28 billion.

View original content:https://www.prnewswire.co.uk/news-releases/btg-pactual-enters-into-an-agreement-to-acquire-100-of-my-safra-bank-in-the-united-states-302186035.html

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CryptoSafe Ltd., a prospering name in the blockchain technology sector, proudly announces the launch of its groundbreaking project, Safe Pay. This new venture aims to revolutionize the way businesses integrate and manage cryptocurrency payments, setting a new standard for secure, efficient, and versatile financial transactions in the digital age.

About CryptoSafe Ltd.

CryptoSafe Ltd. has established itself at the forefront of blockchain technology, dedicated to enhancing capital efficiency within the cryptocurrency market. Founded by Borhes Antonio Feitoza, a former Goldman Sachs manager with extensive experience in high-risk trading, CryptoSafe is committed to creating a financial ecosystem that maximizes profitability for each trade. The company’s success is underpinned by a team of 14 specialists, including mathematicians, programmers, and data analysts, who develop high-frequency trading algorithms leveraging artificial intelligence. Over the past three months, CryptoSafe has achieved an impressive average monthly return of 32.81% on capital turnover.

Introducing Safe Pay

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Safe Pay represents a significant leap forward in cryptocurrency payment infrastructure. Designed to be secure, simple, and future-ready, Safe Pay allows businesses to effortlessly integrate cryptocurrency payments into their platforms, thereby boosting their online presence and expanding their customer base.

Safe Pay goes beyond basic payment processing by offering an integrated crypto-to-crypto exchange, consistently low transaction fees, and extensive support for various tokens across five major blockchains: Bitcoin (BTC), Ethereum (ETH), Binance Smart Chain (BSC), Polygon (MATIC), and Tron. These networks collectively process over 9 billion transactions daily, providing businesses with unparalleled capabilities and reliability.Key

Features of Safe Pay

Seamless Integration and Rapid Deployment: Safe Pay features a state-of-the-art API that allows businesses to integrate cryptocurrency payments within approximately 48 hours. This rapid deployment enables businesses to quickly adapt to the evolving digital economy.
Comprehensive Support and Low Fees: With support for multiple blockchains and tokens, Safe Pay ensures businesses can handle a diverse range of transactions with minimal cost. Its low transaction fees further enhance the profitability of crypto operations.
Advanced Security and Compliance: Safe Pay offers robust security measures and compliance options, ensuring that all transactions are secure and adhere to regulatory standards.

User-Friendly Dashboard: The intuitive web UI dashboard serves as a central hub for managing all crypto operations. This includes flexible payment methods tailored to business needs, automatic withdrawals to external wallets, and detailed transaction tracking.
Staking Opportunities: Businesses can earn additional interest by staking their assets in various protocols supported by Safe Pay, further enhancing their revenue streams.

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Enhanced Capabilities for Specific Sectors:

Centralized Exchanges and Wallets: Safe Pay’s API allows access to more chains and tokens, reduces price impact on swaps, and speeds up transactions, making it ideal for centralized exchanges and wallet providers.
eSports and iGaming: Safe Pay provides seamless crypto solutions for eSports and iGaming platforms, enabling crypto deposits, bulk withdrawals in fiat and crypto, and efficient user wallet management.
Neobanks and Fiat-to-Crypto Exchanges: Safe Pay’s advanced features allow the creation of full-featured mobile wallets and customized crypto processing infrastructures, catering to the unique needs of neobanks and fiat-to-crypto exchanges.

Unlocking Opportunities with Safe Pay

Safe Pay’s versatile architecture makes it suitable for a wide range of businesses:

Regular Online Businesses and E-commerce: Safe Pay provides seamless crypto payment solutions, making it an ideal choice for traditional online businesses looking to expand their payment options.
Crypto Projects: Safe Pay offers advanced tools and infrastructure for crypto projects, streamlining development and operational processes with support for multiple blockchains, deposits and withdrawals APIs, and payment processing SAAS.
Gambling and iGaming: Safe Pay is perfect for gambling platforms, casinos, and iGaming services, enhancing the user experience with fast and secure transactions and expanded payment options.

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Getting Started with Safe Pay

To start using Safe Pay, businesses need to create a merchant account and obtain an API key. This key enables various functionalities, including displaying wallet addresses for payments, receiving notifications for new transactions, and setting up comprehensive crypto infrastructures. The process begins with registration, followed by creating a merchant account and completing a Know-Your-Business (KYB) procedure. Upon passing the KYB, businesses can immediately begin API integration and utilize Safe Pay’s services.

Safe Pay’s public API is free to use, with charges applicable only for completed transactions. Fixed rates are detailed in the documentation, and special conditions are available for enterprise clients with large daily volumes. For tailored solutions, businesses can contact Safe Pay to discuss custom offers that meet their specific needs.

The post CryptoSafe Unveils Safe Pay: A Game-Changer in Cryptocurrency Payment Solutions appeared first on HIPTHER Alerts.

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WESTFORD, Mass., June 28, 2024 /PRNewswire/ — According to SkyQuest, the global Fintech Blockchain Market size was valued at USD 2.2 billion in 2022 and is poised to grow from USD 3.16 billion in 2023 to USD 57.84 billion by 2031, growing at a CAGR of 43.8% in the forecast period (2024-2031).

The solutions focusing on integrating Blockchain technology with financial technology to improve transaction times and security are known as fintech blockchain solutions. Growing advancements and acceptance of Blockchain technology are driving fintech blockchain market growth. The global Fintech blockchain market is segmented into application, provider, organization size, industry vertical, and region.

Download a detailed overview:

https://www.skyquestt.com/sample-request/fintech-blockchain-market

Fintech Blockchain Market Overview: 

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Report Coverage	Details
Market Revenue in 2023	$ 3.16 billion
Estimated Value by 2031  Advertisement	$ 57.84 billion
Growth Rate	Poised to grow at a CAGR of 43.8%
Forecast Period	2024–2031  Advertisement
Forecast Units	Value (USD Billion)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered  Advertisement	Application, Provider, Organization Size, Industry Vertical, Component, Type of Blockchain and Deployment Model
Geographies Covered	North America, Europe, Asia Pacific, Middle East & Africa, Latin America
Report Highlights	Updated financial information / product portfolio of players  Advertisement
Key Market Opportunities	Growing demand for KYC system applications on blockchain platforms
Key Market Drivers	Increasing demand for smart contracts is a driving factor of market expansion

Segments covered in Fintech Blockchain Market are as follows:

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• Application
  • Payments, Clearing, and Settlement, Exchanges and Remittance, Smart Contract, Identity Management, Compliance Management/KYC, Others
• Provider
  • Application and solution providers, Middleware Providers, and Infrastructure & Protocols Providers
• Organization Size
  • Large enterprises, Small and Medium-Sized Enterprises
• Industry Vertical
  • Banking, Non Banking Financial Services and Insurance
• Component
  • Platform, Services (Consulting Services, Integration Services, Support & Maintenance Services)
• Type of Blockchain
  • Public Blockchain, Private Blockchain, Hybrid Blockchain
• Deployment Model
  • On Premises, Cloud based

Request Free Customization of this report:

https://www.skyquestt.com/speak-with-analyst/fintech-blockchain-market

Payments and Settlements to Helm the Global Fintech Blockchain Market Growth

Rising emphasis on improving the transactions by reducing the time taken to process them whilst maintaining security is projected to help promote the demand for fintech blockchain solutions in the payments, clearing, and settlements sub-segment. The decentralized nature of fintech blockchain systems helps keep transactions highly transparent yet secured as they are stored in distributed ledgers. Lower transaction fees, higher efficiency, and reduced reliance on cross-border intermediaries are other benefits of Blockchain in fintech that help this segment hold a high market share.

Talk about Blockchain and miss out on smart contracts? This is simply not possible as smart contracts are a vital part of the fintech blockchain market growth as well. Minimal involvement of third parties means more security and less risk, which is exactly what smart contracts provide through Blockchain technology. Increasing realization of the benefits of smart contracts in the fintech industry is projected to help boost the demand for fintech blockchain over the coming years.

View report summary and Table of Contents (TOC):

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https://www.skyquestt.com/report/fintech-blockchain-market

SMEs Hold Their Stance as Leading Adopters of Fintech Blockchain

Small and medium enterprises (SMEs) do not have the resources to invest in the development of new and advanced technologies, which is why they mostly opt for available solutions or outsource them from leading companies. Fintech blockchain solutions are highly advanced and developing or managing them is no easy feat for SMEs. The rapid adoption of Blockchain technologies among SMEs is also slated to open up new opportunities for fintech blockchain providers going forward. Capital raise and crowd financing are expected to help SMEs invest in the development of their own fintech blockchain offerings.

On the other hand, large enterprises are investing in developing their own fintech blockchain solutions to have better control and provide novel features for their customers. This segment will be highly rewarding for fintech blockchain companies who are focusing on developing customized fintech blockchain solutions.

Application & Solution Providers Remain the Backbone of Fintech blockchain Market

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Fintech applications and solutions are directly used by customers as well as organizations and this is why they should be highly user friendly yet secure. Integrating Blockchain technologies with fintech applications to create unique fintech blockchain offerings will help market players maintain their high market share. The growing adoption of Blockchain technology in the financial sector will also create a new moneymaking scope for middleware providers and infrastructure & protocol providers going forward. High investments of large enterprises in designing their own fintech blockchain solutions will help infrastructure and & protocol providers maximize their revenue generation potential in the future.

To sum it up, the growing need for better security and faster transactions is changing the landscape of the financial industry thereby creating an opportune setting for fintech blockchain companies. Almost all segments are projected to offer lucrative growth scope but investing in SMEs will be highly rewarding for new as well as established fintech blockchain providers.

Related Reports:

Blockchain Market

Blockchain as a Service Market

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Blockchain in Healthcare Market

Blockchain IoT Market

Blockchain In Manufacturing Market

About Us:

SkyQuest is an IP focused Research and Investment Bank and Accelerator of Technology and assets. We provide access to technologies, markets and finance across sectors viz. Life Sciences, CleanTech, AgriTech, NanoTech and Information & Communication Technology.

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We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization has expanded our reach across North America, Europe, ASEAN and Asia Pacific. 

Contact:
Mr. Jagraj Singh
SkyQuest Technology
1 Apache Way,
Westford,
Massachusetts 01886
USA (+1) 351-333-4748
Email: [email protected]
Visit Our Website: https://www.skyquestt.com/

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View original content:https://www.prnewswire.co.uk/news-releases/fintech-blockchain-market-projected-to-exceed-usd-57-84-billion-by-2031–skyquest-technology-302185572.html