Aurix, a crypto currency exchange platform has signed an agent agreement with Railsbank, a global banking-as-a-service platform. The agreement will allow Aurix to provide its users with financial services products and experiences for their clients including credit card and IBAN numbers.
Aurix is a global crypto currency exchange platform which aims to refund how crypto is being moved, spent and invested. At a time when crypto is on the verge of becoming the next major commodity, they develop high-tech solutions that allow people and organisations to use crypto as easily as they use cash.
This new deal with Aurix will…
A user makes a payment in RON which is processed by the Visa / Mastercard network.
Payment in RON goes from the Aurix RON bank account to the merchant.
Aurix obtains AUR from the user’s account (using the current AUR/ RON exchange rate).
Aurix exchanges AUR for RON, and RON for AUR if needed to keep enough funds at Aurix.
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