Yes. BVNK is trusted by hundreds of merchants globally and processes billions in payments every year.  BVNK’s regulatory strategy is built on rigorous AML/CFT frameworks, registrations and licenses, and coupled with strong contractual relationships with trusted licensed partners. BVNK uses solutions from industry leaders ComplyAdvantage, SiftScience, Chainalysis, and Onfido who are specialised in automated transaction monitoring, Know-Your-Client, Know-Your-Business, AML/CTF processes.

A cryptocurrency payment gateway is a payment processor for digital currencies that enables merchants to accept digital payments and receive fiat currency immediately in exchange. Gateways do the work of enabling the technology, creating the perfect customer payment experiences, maintaining regulatory know-how, exchanging cryptocurrency and managing a wallet, so merchants can focus on their customers.

BVNK manages the security of digital assets through various means, including working with best-in-class custody partners, Fireblocks and BlockCypher. With the help of our partners, we provide a combination of multiparty compute custody and secure hot and cold storage for all digital assets held on our platform. We apply a risk management approach to our counterparties and only keep sufficient working capital on exchanges to facilitate trading. We apply a risk management approach to our treasury and follow best practices in securing assets.