A crypto payment network is attempting to make the exchange process from crypto to fiat more simple by creating what it believes to be the largest payment network of any licenced global crypto exchange.
Tempo Money Transfer operates on the Stellar DEX as the principal European anchor for stellar.
It aims to bring ease of use to crypto trading by allowing the process on its online platform and mobile app.
Users can buy cryptocurrency via Tempo’s mobile app or at one of its 300 agent locations.
Because Tempo avoids having to convert tokens to Bitcoin or Ethereum to complete the transaction, fiat owners can avoid Bitcoin ATMs and their substantial cash-out fees.
Digital asset currency
The company recently launched digital asset currency services, allowing clients to buy Stellar (XLM), Bitcoin (BTC) and Mobius (MOBI) as well as the Euro-backed stable coin, EURT.
It offers a debit card allowing users to apply their cryptocurrency balances to the purchase of goods and services.
Tempo provides blockchain payments both offline and online, and crypto remittances to almost 100 destination countries.
Tempo’s stablecoin is crucial and helps protect against the volatility of cryptocurrency.
With a French licence, Paris-based Tempo is the European-wide anchor for Stellar blockchain payments and has additional offices in Frankfurt, Germany.
It has more than 105,000 cash pickup locations within its network and partners with more than 3,700 banks.