Banking & Payments

Current Banking & Payment options.

Daniel Frazee avatar
Written by Daniel Frazee
Updated over a week ago

Próspera Payment Infrastructure

Próspera Governance Platform is an open ecosystem of banking & payment providers from traditional banks to cryptocurrency solutions. Many businesses and residents favor cryptocurrency for its ease of use, security, and virtually fee-free transfers.

Próspera service providers offer a range of financial services to meet the needs of your business. Depending on your requirements, you can create a cryptocurrency account in just 5 minutes or opt for a more traditional banking option. This article provides an overview of the available financial services for Próspera businesses and residents.

Traditional Banking

  • Tower Bank - Tower Bank offers business banking while offering on and off ramps for cryptocurrency, if needed.

  • Seshat Bank - A native Próspera bank offering accounts for personal and commercial use.

  • Arival Bank - Digital banking designed for global businesses.

  • More coming soon..

Fintech

  • Payoneer - Whether making international payments, receiving funds, managing your digital business, or accessing capital, Payoneer opens your business up to the world. Residents can apply for a Payoneer account from the ePróspera portal or at the link here.

  • Reap - Reap offers crypto-backed corporate credit cards for paying company expenses such as subscriptions and online payments.

Cryptocurrency

Multi-Signature Wallets

A multi-signature wallet, often referred to as a "multisig" wallet, is a type of cryptocurrency wallet that requires multiple approvers to authorize transactions. This added layer of security is designed to enhance the safety and control of the wallet's assets which makes them a great fit for storing corporate funds.

  • Utila - Self-custody cryptocurrency solutions at enterprise scale.

  • Casa - Bitcoin based multi-signature wallet.

  • Safe (Gnosis) - Ethereum-based multi-signature wallet for tokens like USDC, USDT, etc.

  • Squads - Solana-based multi-signature wallet for tokens like USDC, USDT, etc.

Financial Services

For day-to-day payments, these services can help you with payroll, invoicing, online payments, and more. This is a small list of the massive number of service providers in the space. If you don't find what you're looking for here, you can probably find it online.

  • Reap - Reap offers crypto-backed corporate credit cards for paying company expenses such as subscriptions and online payments.

  • Request Finance - Request helps you track, verify, and organize all your crypto payments in a single dashboard.

  • Coinbase Commerce - Powerful business tools to supercharge your payments

  • CandyPay - CandyPay is a low-code checkout solution built on Solana. Use the secure checkout experience to satisfy your customers and start accepting crypto payments in few clicks.

On/Off-Ramp Providers

  • CoinCaex - CoinCaex offers a low-fee, local off-ramping option that avoids international wire fees.

  • Tower Bank - Tower Bank offers business banking while offering on and off ramps for cryptocurrency.

If you need help finding documents or information in order to open an account for your Próspera entity, check out your eProspera portal.

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