Pilsenga blog https://blog.pilsenga.com Pilsenga blog Fri, 07 Mar 2025 11:23:40 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.2 https://blog.pilsenga.com/wp-content/uploads/2024/07/pilsenga-favicon-150x150.png Pilsenga blog https://blog.pilsenga.com 32 32 Crypto Transfers for Businesses: Why choose Pilsenga? https://blog.pilsenga.com/2025/03/06/crypto-transfers-for-businesses-why-choose-pilsenga/?utm_source=rss&utm_medium=rss&utm_campaign=crypto-transfers-for-businesses-why-choose-pilsenga https://blog.pilsenga.com/2025/03/06/crypto-transfers-for-businesses-why-choose-pilsenga/#respond Thu, 06 Mar 2025 21:09:00 +0000 https://blog.pilsenga.com/?p=1257 In a world where digital transactions are transforming the way businesses operate, cryptocurrencies have emerged as an effective tool to streamline payments, reduce costs, and offer greater flexibility to users.Cryptocurrency transfer services help businesses to transact crypto assets such as Bitcoin, Ethereum, and USD Coin, among others. However, for businesses looking to adopt this technology, […]

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In a world where digital transactions are transforming the way businesses operate, cryptocurrencies have emerged as an effective tool to streamline payments, reduce costs, and offer greater flexibility to users.
Cryptocurrency transfer services help businesses to transact crypto assets such as Bitcoin, Ethereum, and USD Coin, among others. However, for businesses looking to adopt this technology, choosing the right partner is essential to be more efficient and meet their goals. Below, we will learn why to choose Pilsenga as a crypto transfer service provider for businesses.

Tailor-made service

It is important that the provider’s platform is tailored to the needs of each company since this way the platform will be more versatile and effective, and the company will be able to take advantage of all the platform’s tools and functions.

Companies that have Pilsenga’s cryptocurrency transfer service can store and safeguard their digital assets, as well as make transactions, send and receive payments, and even acquire products and services using their digital assets (cryptocurrencies and FIAT money) from anywhere in the world through an intuitive, powerful and flexible ecosystem, which is designed exclusively for the needs of each company.

Extensive cryptocurrency support

It is important for the provider to support multiple cryptocurrencies as this allows for a more positive user experience as well as offers greater flexibility.

Companies that have Pilsenga’s cryptocurrency transfer service have the possibility of managing different types of cryptocurrencies (such as Ethereum (ETH), Bitcoin (BTC) and USD Coin), in addition to having the ability to automatically convert to FIAT currency (USD or EUR), which offers greater flexibility and convenience to users.

High level of security

It is important that the provider’s platform has a high level of security since cryptocurrencies, being decentralized and operating on the blockchain network, generally do not have intermediaries (such as banks) that can “reverse” fraudulent transactions. Therefore, a high level of security ensures that financial resources remain protected.

Companies that rely on Pilsenga’s cryptocurrency transfer service have the possibility of carrying out transactions with a high level of security, since Pilsenga has a platform that complies with high security standards and protocols, such as data encryption, identity verification, transaction approval protocols, security controls, multi-factor authentication, custody of multiple assets, among others.

Crypto Transfers for Businesses: Why choose Pilsenga?

Competitive rates

It is important to check the provider’s rates, as this way you can know if the platform fits your budget and needs, and you will also avoid any hidden costs or fees.

This is where Pilsenga stands out, as its rates are public (on its official website), which allows any company to know in advance the rates or costs of its platform. It is important to note that companies that have Pilsenga’s cryptocurrency transfer service can benefit from a competitive fee structure on Bitcoin transactions, as Pilsenga makes use of technologies that allow for faster and more effective transactions.

Efficient asset management

It is essential that the provider’s platform has tools that allow for efficient management of digital assets, allowing for fluid and versatile cryptocurrency transfers.

Companies that rely on Pilsenga’s cryptocurrency transfer service can manage their assets efficiently through a platform that has the ability to define spending policies and advanced approval flows. Through Pilsenga’s platform, companies can automatically manage their financial processes by making use of a wide range of financial services, such as e-money & IBAN, exchange, wallet, batch payments, and accounting packages, among others.

What do you think about this topic? Do you want to know more about the payroll solution offered by Pilsenga?

If you are interested in Pilsenga products or services, you can contact us by visiting the following link.

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Payroll Solution: Tips for choosing a provider https://blog.pilsenga.com/2025/03/03/payroll-solution-tips-for-choosing-a-provider/?utm_source=rss&utm_medium=rss&utm_campaign=payroll-solution-tips-for-choosing-a-provider https://blog.pilsenga.com/2025/03/03/payroll-solution-tips-for-choosing-a-provider/#respond Mon, 03 Mar 2025 21:16:00 +0000 https://blog.pilsenga.com/?p=1254 Nowadays, there are Fintech and entities financial that offer payroll solutions for companies, which allow group payments, optimize payroll processes, comply with legal regulations, and reduce the percentage of manual errors in every process related to payroll transactions. Below, we will share some points to take into account when choosing a payroll solution provider. Company […]

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Nowadays, there are Fintech and entities financial that offer payroll solutions for companies, which allow group payments, optimize payroll processes, comply with legal regulations, and reduce the percentage of manual errors in every process related to payroll transactions. Below, we will share some points to take into account when choosing a payroll solution provider.

Company needs

When choosing a provider to make group payroll payments, it is advisable to evaluate the company’s payroll needs, since this way you can know what the specific requirements are and the capabilities that the provider must have to fulfill the requested service. Among the factors that must be taken into account, the number of employees, tax compliance, the complexity of payroll calculations, among others, stand out.

Security level

It is advisable to evaluate the security level of the provider’s platform, as this allows the protection of users’ personal and financial information. It is recommended that the provider complies with the different regulations and guidelines established by the financial industry, in addition to having different protocols and security measures, such as data encryption, two-factor authentication, identity verification, integration of security controls, custody of multiple assets, and approval of transactions, among others.

Evaluate scalability

It is advisable to evaluate whether the provider’s platform is scalable, as this will allow the company to adapt to the constant changes and new needs that generally occur when the company is growing.

A scalable payroll provider can handle an increase in employee volume, transactions, or complexity (such as payrolls in multiple countries) without the system collapsing or requiring drastic changes. This ensures that as the company grows, payroll processing remains efficient and reliable.

Payroll Solution: Tips for choosing a provider

Level of integration

It is advisable to evaluate the level of integration of the vendor’s platform, as a vendor with a high level of integration will be able to easily connect with other systems that the company already uses, such as human resources software (HRIS), accounting, or time management. This eliminates the need to manually enter data, reducing errors and saving time.

Good integration makes it possible to automate processes such as synchronizing employee information, tax calculations, or bank transfers. This not only streamlines operations but also frees up workers from repetitive tasks so they can focus on more important or strategic activities.

Regulatory compliance

When choosing a payroll solution provider, it is advisable to evaluate its level of regulatory compliance to carry out financial transactions and operations, as this will avoid problems such as fines or sanctions from the corresponding authorities and regulatory bodies.

Evaluate and compare rates

When choosing a payroll solution, it is advisable to evaluate and compare the rates of the providers since it is important to verify if the service fits the budget and needs of the company. In this way, we will avoid additional expenses due to hidden charges or fees.

What do you think about this topic? Do you want to know more about the payroll solution offered by Pilsenga?

If you are interested in Pilsenga products or services, you can contact us by visiting the following link.

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Five myths about Crypto Asset Service Providers (CASPs) https://blog.pilsenga.com/2025/02/27/five-myths-about-crypto-asset-service-providers-casps/?utm_source=rss&utm_medium=rss&utm_campaign=five-myths-about-crypto-asset-service-providers-casps https://blog.pilsenga.com/2025/02/27/five-myths-about-crypto-asset-service-providers-casps/#respond Thu, 27 Feb 2025 21:40:00 +0000 https://blog.pilsenga.com/?p=1247 In order to ensure the integrity and security of the cryptoasset market, a number of regulations have been created for Cryptoasset Service Providers (CASPs); however, there are some myths surrounding CASPs. Below, we will learn about some common myths about Cryptoasset Service Providers (CASPs). They are not regulated and lack supervision Some individuals and companies […]

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In order to ensure the integrity and security of the cryptoasset market, a number of regulations have been created for Cryptoasset Service Providers (CASPs); however, there are some myths surrounding CASPs. Below, we will learn about some common myths about Cryptoasset Service Providers (CASPs).

They are not regulated and lack supervision

Some individuals and companies consider certain operations of Crypto-Asset Service Providers (CASPs) to be illegal due to a lack of oversight or failure to comply with certain regulations. However, various countries have implemented specific regulatory frameworks for CASPs. For example, in Europe, the Markets in Crypto-Assets Regulation (MiCA) has been introduced to regulate these entities. Furthermore, in compliance with Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CTF) regulations, CASPs are required to be accountable and keep regulatory authorities informed about every transaction they process.

They are not affected by market volatility

Some people believe that Crypto Asset Service Providers (CASPs) manipulate the value of assets and that they are not affected by market volatility. However, all Crypto Asset Service Providers (CASPs), like entities that provide financial services, can be affected by market volatility, which is why they must be transparent and comply with a series of regulations. We must take into account that all cryptoassets are characterized by a high degree of volatility.

They are solely responsible for ensuring the security of the assets

Some people and companies believe that Crypto Asset Service Providers (CASPs) are solely responsible for ensuring the security of assets. However, even though CASPs have security measures and protocols required by the financial industry, it is important to highlight that asset security is also the responsibility of users. For example, the user is responsible for using strong passwords, not sharing their passwords, enabling two-factor authentication, and not sharing the devices where they log in, among others.

Five myths about Crypto Asset Service Providers (CASPs)

They all offer the same services

There are people and companies that believe that all Crypto Asset Service Providers (CASP) are the same and offer the same services. Therefore, it does not matter which provider to choose. However, the reality is that there is currently a wide variety of financial services on the market, which vary according to each financial entity, the type of license it has, and the regulatory requirements and obligations on which they base their operations. Among the most common services, the custody service, digital wallets (wallet), and Exchange, among others, stand out.

Expensive services

Some people and companies consider the services of Crypto Asset Service Providers (CASP) to be expensive. However, the fees associated with operations and transactions often differ from one provider to another, influenced by high demand and competition in the market. This leads to more affordable prices, which are determined by the dynamics of supply and demand. It is important to note that each user is free to select the provider that provides the most appropriate financial solutions to their specific needs and requirements.

What do you think about this topic? Do you want to know more about the services offered by Pilsenga?

If you are interested in Pilsenga products or services, you can contact us by visiting the following link.

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USDC Payment Provider for Businesses: Why Choose Pilsenga? https://blog.pilsenga.com/2025/02/24/usdc-payment-provider-for-businesses-why-choose-pilsenga/?utm_source=rss&utm_medium=rss&utm_campaign=usdc-payment-provider-for-businesses-why-choose-pilsenga https://blog.pilsenga.com/2025/02/24/usdc-payment-provider-for-businesses-why-choose-pilsenga/#respond Mon, 24 Feb 2025 09:24:00 +0000 https://blog.pilsenga.com/?p=1242 Within the wide range of payment alternatives that Fintech and financial institutions offer for companies in various sectors, there are USDC payments, which allow companies to carry out transactions in a faster and more efficient way (using the USDC stablecoin). Below, we will mention why to choose Pilsenga as a USDC payment provider for companies. […]

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Within the wide range of payment alternatives that Fintech and financial institutions offer for companies in various sectors, there are USDC payments, which allow companies to carry out transactions in a faster and more efficient way (using the USDC stablecoin). Below, we will mention why to choose Pilsenga as a USDC payment provider for companies.

Security level

When choosing a USDC payment provider, it is important to evaluate the level of security of its platform, as this allows users to protect their personal and financial information. Pilsenga stands out in this regard, as its USDC payment platform has a high level of security since it complies with the regulations and guidelines established by the financial industry, in addition to having different protocols and security measures, such as data encryption, two-factor authentication, identity verification, integration of security controls, custody of multiple assets, approval of transactions, among others.

Instant Notification

It is important that the USDC payment platform has an instant notification system, as this allows you to know if a transaction or payment was made correctly. By having the USDC payment service for Pilsenga companies, companies can have an instant notification system through which the status of each transaction made is received (this notification reaches both the issuer and the recipient of the payment), which allows for greater confidence and fluidity in commercial transactions.

USDC Payment Provider for Businesses: Why Choose Pilsenga?

Helps expand market reach

Companies that have the USDC payment service for Pilsenga companies (USDC Provider) have the possibility of expanding the reach of their market since they can offer their clients a payment alternative that has been adopted in several countries, which allows companies to offer their products and services in different markets since they can carry out cross-border transactions without having the limitation of the currency to use depending on the region.

Efficient asset management

It is important for companies to be able to manage their fiduciary and crypto assets in a fast and efficient way. In this point, Pilsenga’s USDC payment service stands out, as it allows companies to manage their fiduciary and crypto assets more efficiently than their digital assets, as they have different complementary services. An example of this is the Exchange service, which allows conversion between FIAT currencies and cryptocurrencies such as Bitcoin or Ethereum.

What do you think about this topic? Do you want to know more about Pilsenga’s USDC payment service for businesses?

If you are interested in Pilsenga products or services, you can contact us by visiting the following link.

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Crypto wallet with IBAN: Tips for choosing a provider https://blog.pilsenga.com/2025/02/20/crypto-wallet-with-iban-tips-for-choosing-a-provider/?utm_source=rss&utm_medium=rss&utm_campaign=crypto-wallet-with-iban-tips-for-choosing-a-provider https://blog.pilsenga.com/2025/02/20/crypto-wallet-with-iban-tips-for-choosing-a-provider/#respond Thu, 20 Feb 2025 21:10:00 +0000 https://blog.pilsenga.com/?p=1238 Thanks to Fintech, a wide variety of financial solutions have been developed, which have been adopted by both traditional banks and other entities that provide financial services. An example of these tools are crypto wallets with IBAN, which allow managing both crypto and fiduciary assets. Below, we share some tips for choosing a crypto wallet […]

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Thanks to Fintech, a wide variety of financial solutions have been developed, which have been adopted by both traditional banks and other entities that provide financial services. An example of these tools are crypto wallets with IBAN, which allow managing both crypto and fiduciary assets. Below, we share some tips for choosing a crypto wallet with IBAN provider.

Reputation

When choosing a crypto wallet with IBAN, it is advisable to research the provider’s reputation on the market. This can be done by checking user feedback and app reviews (e.g. Google Play Store or Apple App Store). It is recommended to focus on middle grades, as these tend to be more objective and less emotional, on the other hand, it is recommended to avoid top or bottom grades, as these tend to be less objective and more emotional (everything is great or everything is bad).

Ability to integrate with banking systems

When choosing a crypto wallet provider with IBAN, it is advisable to check if the service has the ability to integrate with traditional banking systems, as this way, “Financial Interoperability” is guaranteed, which facilitates the conversion and transfer between cryptocurrencies and fiat currencies, allowing users to operate in both ecosystems without the need for additional intermediaries.

Another advantage is the ease of use, which allows the average user to not have to manage two separate systems (one for crypto and one for traditional finance), which improves the user experience and reduces the complexity and time needed to manage their finances.

It is important to note that when a crypto wallet has an IBAN associated with it, it allows the wallet to be recognized and accepted in the global financial system, which is essential for making international payments, receiving salaries, or managing invoices, all within the same platform.

Cryptocurrency and Forex Support

It is advisable to check which types of cryptocurrencies and currencies the provider supports, as this will allow us to know if the provider can offer us solutions that fit our needs. For example, if we work with USDT Tether, it does not make much sense to work with a provider that only works with Bitcoin or Ethereum (and does not accept USDT Tether). It should be noted that each provider offers different options. Therefore, it is important to know if the provider works with the cryptocurrencies and currencies with which we trade.

Crypto wallet with IBAN: Tips for choosing a provider

Security level

It is advisable to evaluate the security level of the provider’s platform. To evaluate this point, it is advisable to verify which security methods, protocols, and measures the provider implements, such as data encryption, two-factor authentication, identity verification, integration of security controls, custody of multiple assets, and approval of transactions, among others.

It is important for the provider to have a platform with a high level of security, as this reduces the possibility of losses, theft, failures, and delays in electronic transactions.

Regulatory compliance

When choosing a crypto wallet provider with IBAN, it is advisable to evaluate whether the provider operates under the regulatory compliance necessary to offer this type of financial service. It is important to verify that the provider complies with financial industry standards and complies with anti-money laundering, terrorist financing, and cyber fraud regulations.

Costs and fees per operation

It is advisable to evaluate the costs and fees per operation on the provider’s platform. This point is important since each provider applies different fees within its services. Therefore, the fees related to operations, transactions, deposits, withdrawals, and cryptocurrency exchange should be compared. It is advisable to take into account those providers that show their rates publicly and transparently, as well as avoid providers that do not display all their rates on their official website, as this way, we will avoid possible additional charges or hidden fees.

What do you think about this topic? Do you want to know more about Pilsenga’s crypto wallet service with IBAN?

If you are interested in Pilsenga products or services, you can contact us by visiting the following link.

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European SEPA network for businesses: Why choose Pilsenga? https://blog.pilsenga.com/2025/02/17/european-sepa-network-for-businesses-why-choose-pilsenga/?utm_source=rss&utm_medium=rss&utm_campaign=european-sepa-network-for-businesses-why-choose-pilsenga https://blog.pilsenga.com/2025/02/17/european-sepa-network-for-businesses-why-choose-pilsenga/#respond Mon, 17 Feb 2025 07:21:00 +0000 https://blog.pilsenga.com/?p=1235 Thanks to the advancement of technology, companies have the possibility of sending and receiving payments quickly and easily. An example of this is the unified payment system known as the Single Euro Payments Area (SEPA). However, there are currently several companies or financial institutions that offer SEPA payment services. Below, we will learn some reasons […]

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Thanks to the advancement of technology, companies have the possibility of sending and receiving payments quickly and easily. An example of this is the unified payment system known as the Single Euro Payments Area (SEPA). However, there are currently several companies or financial institutions that offer SEPA payment services. Below, we will learn some reasons why you should choose Pilsenga as a SEPA payment service provider.

Tailor-made service

When choosing a financial services provider with access to the European SEPA Network, it is important that said service is adapted to the needs of our company or organization. Pilsenga stands out in this regard, as it is a company that has the capacity to offer a “tailored” service that can meet the specific needs of each company, helping it to meet the financial objectives of the organization and the regulations of the sector in a more effective and efficient way.

High level of security

It is important that the provider has a high level of security, as this allows it to protect the financial resources and personal information of users. At this point, Pilsenga stands out, since its platform has different protocols and security measures, which allow it to protect the personal data and financial resources of its clients, providing greater confidence and peace of mind to its users to carry out all types of operations.

It is important to highlight the protocols and security measures implemented by Pilsenga they comply with the different standards and regulations of the financial industry, which allows them to maintain a high level of security on their platform.

Additional services

When choosing a SEPA payment provider for companies, you should take into account what additional or complementary financial services the provider offers. On this point, Pilsenga stands out, as it offers a wide range of financial services that help companies improve their financial management. Some examples of these complementary services are: dedicated IBAN accounts, payment processors, batch payments, and wallets.

European SEPA network for businesses: Why choose Pilsenga?

Compliance and risk management

It is important for the SEPA payment service provider to help customers comply with the different rules and regulations. of the sector. In this point, Pilsenga stands out, as it helps companies comply with the different regulations and standards of the financial industry, which avoids legal problems and reduces the chances of receiving sanctions or fines, in addition to helping prevent money laundering and other fraudulent activities.

24/7 Customer Support

It is important that the SEPA payment provider has good support and customer service, as this will allow us to resolve any questions or setbacks that may arise. Pilsenga stands out in this regard, as it provides companies with personalized and efficient customer service and support. An example of this is Pilsenga’s 24/7 dedicated manager service, which offers companies a unique and personalized experience for each customer. Currently, this service is available to all customers who are looking for a solution to solve any problems or issues that may arise. The service is available 24/7 and is offered in the client’s language (through native speakers). The service is currently available in English, Spanish, Italian and Lithuanian.

What do you think about this topic? Do you want to know more about the European SEPA Network?

If you are interested in Pilsenga products or services, you can contact us by visiting the following link.

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Tips for choosing a VASP provider https://blog.pilsenga.com/2025/02/13/tips-for-choosing-a-vasp-provider/?utm_source=rss&utm_medium=rss&utm_campaign=tips-for-choosing-a-vasp-provider https://blog.pilsenga.com/2025/02/13/tips-for-choosing-a-vasp-provider/#respond Thu, 13 Feb 2025 21:18:00 +0000 https://blog.pilsenga.com/?p=1231 In an increasingly digitalized world, virtual assets have gained a fundamental role in the global economy. To manage, exchange, and store these assets safely, it is crucial to have a trusted and regulated virtual asset service provider (VASP). Choosing the right provider not only ensures the security of funds, but also influences user experience, accessibility […]

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In an increasingly digitalized world, virtual assets have gained a fundamental role in the global economy. To manage, exchange, and store these assets safely, it is crucial to have a trusted and regulated virtual asset service provider (VASP).

Choosing the right provider not only ensures the security of funds, but also influences user experience, accessibility to different markets, and compliance with legal regulations. Below, we share some tips for choosing a virtual asset service provider.

Evaluate services offered

When choosing a virtual asset service provider, it is advisable to evaluate whether it is necessary to have this type of service, in addition to knowing its different benefits and complementary services, since this will allow us to know which providers best suit our needs. Among the most prominent virtual asset services and complementary services, there are payment processors, Exchange, custody, digital wallets (Wallet), among others.

Experience and reputation

When choosing a virtual asset service provider, it is advisable to evaluate the experience and reputation of each candidate since, this way, you will be able to know if the provider has the ability to offer quality service and if you will be able to resolve any type of problem or inconvenience that may arise. This evaluation can be carried out by reviewing reviews, user testimonials, and opinions of “impartial” experts on the subject; for example, we cannot take as “serious” an opinion of an influencer sponsored by a provider, since said opinion will not be 100% impartial.

It is important to verify that this information comes from real people and legally established companies. It is also advisable to evaluate the experience and reputation of the founders, owners or legal representatives of the company.

Protocols and safety measures

It is advisable to evaluate the protocols and security measures that the provider’s platform has, since this will allow you to protect and manage financial resources and virtual assets efficiently, in addition to protecting the personal information of users in general.

To carry out this type of evaluation, it is recommended to verify whether the VASPs have security protocols and measures that comply with the security standards established by the financial industry.

Tips for choosing a VASP provider

Compliance and regulations

It is advisable to evaluate whether the provider complies with local and international rules and regulations, in addition to verifying whether it is authorized to offer financial services, specifically related to virtual assets. In this way, you can choose a provider that will manage and safeguard virtual assets in compliance with the regulations, rules, and standards of the financial industry, which will ensure that the provider can provide us with effective advice on compliance with different regulations, such as preventing money laundering, financing of terrorism or fraud.

Rates and costs

When evaluating a virtual asset service provider, it is advisable to evaluate the fees and costs of the provider’s platform. To carry out this evaluation, it is important to compare the rates publicly offered by each provider and take into account those candidates that present in a “clear and transparent” manner each of the costs and fees, as well as the way in which they are calculated.

It should be noted that these types of fees or operating costs are generally related to currency conversions, monthly fees, transactions, withdrawals, maintenance, and deposits. This way, you can get a better idea of what the normal costs may be and avoid any type of “hidden charges.”

Evaluate the admitted assets

It is advisable to evaluate the assets accepted by the suppliers, since in this way, it will be possible to find out if the provider has the capacity to offer a service that meets our needs. It is important to note that the provider must have the capacity to support a wide variety of virtual assets, including cryptocurrencies and digital currencies.

What do you think about this topic? Do you want to learn more about virtual asset service providers (VASPs) ?

If you are interested in Pilsenga products or services, you can contact us by visiting the following link.

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History of bank accounts: What was the world’s first bank account? https://blog.pilsenga.com/2025/02/10/history-of-bank-accounts-what-was-the-worlds-first-bank-account/?utm_source=rss&utm_medium=rss&utm_campaign=history-of-bank-accounts-what-was-the-worlds-first-bank-account https://blog.pilsenga.com/2025/02/10/history-of-bank-accounts-what-was-the-worlds-first-bank-account/#respond Mon, 10 Feb 2025 19:53:00 +0000 https://blog.pilsenga.com/?p=1225 Bank accounts are a fundamental part of the modern economy, allowing people and businesses to manage their money efficiently and effectively, as well as providing opportunities for financial growth and contributing to the management of finances, whether personal or business. However, many people wonder: How did the first bank account come about? Who were the […]

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Bank accounts are a fundamental part of the modern economy, allowing people and businesses to manage their money efficiently and effectively, as well as providing opportunities for financial growth and contributing to the management of finances, whether personal or business. However, many people wonder: How did the first bank account come about? Who were the pioneers of this financial tool? Below, we will learn more about the history of bank accounts.

First signs of a bank account

Some experts mention that the first bank accounts took place in ancient Mesopotamia and ancient Egypt. This is because around the year 2000 B.C. in these two places, temples and palaces were used as a kind of “banks”, within which cereals, livestock, precious metals, and other basic products were deposited and guarded, which facilitated trade at that time, since in addition to managing resources, loans were also provided to farmers and merchants because these products were used as collateral.

It is worth noting that these ancient civilizations were not the only ones that used temples as “financial centers” to provide a sense of security, as it is known that ancient Greece and Rome also did so in their respective times.

Bank accounts in medieval and Renaissance times

Due to the use of financial centers in Roman times, it is known that it was in Italy (in medieval times) where bank accounts and modern banking systems were established and adopted, specifically in important cities such as Florence, Venice, Genoa, and important regions of northern Europe.

The Medici Bank was one of the first banks founded at the end of the 14th century (around 1397), where founder Giovanni di Bicci de’ Medici, who was an innovator in financial accounting since his bank managed and administered bank accounts that contained large fortunes belonging to both royalty and merchants from all over Italy.

However, it is known that in the 9th century, during the Tang Dynasty in China, bank accounts and banking systems were already being used since people could deposit their coins, and the bank would issue them a document that “certified” said deposit, which could, in turn, be used as a means of payment.

Bank accounts in the modern age

During the modern age (between the 15th and 18th centuries), banking accounts and systems underwent significant changes that laid important foundations for modern banking practices. During the 16th century, what is currently known as “international accounts” and the international banking system was developed since renowned banking institutions were established in southern Germany (Augsburg and Nuremberg), which were key elements for managing and administering large amounts of capital between northern and southern Europe.

Later, the banking system reached the northern regions of Europe. During the 17th century, Amsterdam (Dutch Republic) became a major financial center and pioneered innovative financial instruments such as the Amsterdam Stock Exchange and bills of exchange, which allowed bankers to efficiently transfer funds around Europe.

Bank accounts during colonization

During the 18th century, the Bank of England became a major player and financial center in Europe and the world, as, with the European powers and the broad wave of colonization around the world, London became a banking power with a banking system that was able to expand and establish itself in different colonial banks, which, through their bank accounts, facilitated trade and the administration of finances between the colony and the main center in Europe.

History of bank accounts: What was the world's first bank account?

First modern bank accounts

Once banks were established, more financial services were developed in the 19th century, including bank accounts that allowed people, industries, and merchants to deposit their money for safekeeping. All of this served to introduce checks, which were a financial tool that allowed bank account holders to make payments without having to use large amounts of money.

The rise of banks and their wide acceptance led them to expand their reach, creating bank branches in different regions, which allowed more people to have access to financial services, among which savings accounts stood out, which were an innovative tool that encouraged people to deposit and save their money since the banking institution offered “interest” on the amount available in the bank account.

Bank accounts during the 20th century

At the beginning of the 20th century, the use of the telegraph was introduced and years later, it was the turn of the telephone. This technological advance allowed for improved communications between banks and branches, as well as between other banks. In this way, greater freedom was given in the management of the financial resources of bank account holders, especially to access their money from a place other than where the account was opened.

Another advance that the banking system had during the first half of the 20th century was the traveler’s check, which allowed bank account holders to have access to their money in other cities or countries in a safer way since there was no need to carry large sums of cash while traveling.

Bank accounts in the electronic age

Bank accounts in the second half of the 20th century benefited from significant technological advances, thanks to the adoption of electronics in banking systems and the arrival of the Internet. This technological advancement allowed the development of credit cards, ATMs, electronic banking, and online banking.

Through these new payment tools and instruments, bank account holders could use borrowed money to purchase products and services, and then pay for them through deposits and debits in their bank account.

On the other hand, the use of electronic banking, ATMs, and online banking allowed people to make transactions from their bank account at any time of the day, without having to go to a bank office.

Digital and multi-currency era

With the advent of the digital age and the adoption of smartphones, from the late 20th century to the present, a wide range of applications have been developed that have enabled the adoption of mobile banking, which allows bank account holders to access and manage their funds from anywhere in the world.

Subsequently, due to the adoption of technologies such as blockchain, banking entities, and Fintechs developed different financial tools (such as multi-currency accounts, wallets, and Exchange) to offer their clients the option of having bank accounts that support a wide range of currencies, store cryptocurrencies and allow transactions/exchanges between fiat currencies and cryptocurrencies.

What do you think about this topic? Do you want to know more about bank accounts?

If you are interested in Pilsenga’s products or services (including the IBAN account service), you can contact us by visiting the following link.

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Main differences between EU VASP and CASP licenses https://blog.pilsenga.com/2025/02/07/main-differences-between-eu-vasp-and-casp-licenses/?utm_source=rss&utm_medium=rss&utm_campaign=main-differences-between-eu-vasp-and-casp-licenses https://blog.pilsenga.com/2025/02/07/main-differences-between-eu-vasp-and-casp-licenses/#respond Fri, 07 Feb 2025 05:45:17 +0000 https://blog.pilsenga.com/?p=1221 In the context of the growing regulation of the crypto-asset sector, the European Union has developed different regulations to supervise service providers related to digital assets and cryptocurrencies. Two of the main licenses/regulations that regulate these activities are the VASP (Virtual Asset Service Providers) and the CASP (Cryptoasset Service Providers). Although both seek to guarantee […]

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In the context of the growing regulation of the crypto-asset sector, the European Union has developed different regulations to supervise service providers related to digital assets and cryptocurrencies. Two of the main licenses/regulations that regulate these activities are the VASP (Virtual Asset Service Providers) and the CASP (Cryptoasset Service Providers). Although both seek to guarantee transparency and security in the market, they have certain differences in terms of scope, requirements, regulatory frameworks, and licenses granted. Below, we mention their main differences:

Regulatory framework

VASPs within the European Union operate under the regulatory framework set by the Fifth Anti-Money Laundering Directive (5AMLD), the Financial Action Task Force (FATF), and the Markets in Crypto-Assets Regulation (MiCA). VASPs must comply with strict regulations such as anti-money laundering (AML) obligations and countering the financing of terrorism (CFT) rules.

CASPs within the European Union, on the other hand, conduct their operations under MiCA regulations and are required to comply with strict licensing, governance, and AML/CFT compliance requirements.

Type of license

VASP licenses and CASP licenses have the following differences:

Type of service

Regarding the scope of VASP licenses, this allows financial entities and companies to offer a wide range of services related to virtual assets such as cryptocurrency exchanges and custodial wallets. CASP, on the other hand, has a broader scope and covers a wider range of services, including the offer and marketing of crypto assets, custody, exchange and management of trading platforms.

Market reach

The VASP license allows financial institutions and companies to operate in international markets with implementations that are specifically tailored to each country. The CASP license, on the other hand, allows financial institutions and companies to operate only within member countries of the European Union, based on the MiCA guidelines with a harmonized and standardized regulatory framework.

Main differences between EU VASP and CASP licenses

Monitoring and Registration

In the case of VASPs, firms must register with national authorities in each EU country and comply with local AML/CFT regulations. In the case of CASPs, on the other hand, an EU-wide authorisation is required, allowing a CASP registered in one country to operate across the EU under the “financial passport” principle.

Main Objective

In the case of VASP, their goal is to prevent financial crimes through identity checks and transaction monitoring. On the other hand, in the case of CASP, their goal is to establish a complete regulatory framework for crypto-assets, protecting investors and ensuring the proper functioning of the market.

What do you think about this topic? Do you want to know more about these licenses?

If you are interested in Pilsenga products or services, you can contact us by visiting the following link.

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E-money solutions: Why choose Pilsenga? https://blog.pilsenga.com/2025/02/03/electronic-money-solutions-why-choose-pilsenga/?utm_source=rss&utm_medium=rss&utm_campaign=electronic-money-solutions-why-choose-pilsenga https://blog.pilsenga.com/2025/02/03/electronic-money-solutions-why-choose-pilsenga/#respond Mon, 03 Feb 2025 21:44:00 +0000 https://blog.pilsenga.com/?p=1214 Thanks to technological advances, financial institutions, and companies have innovative tools that allow them to offer better financial products and services. An example of this is the electronic money service, which streamlines and simplifies a company’s digital transactions. Below, we mention some reasons for choosing Pilsenga as a provider of electronic money solutions (E-Money Solutions). […]

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Thanks to technological advances, financial institutions, and companies have innovative tools that allow them to offer better financial products and services. An example of this is the electronic money service, which streamlines and simplifies a company’s digital transactions. Below, we mention some reasons for choosing Pilsenga as a provider of electronic money solutions (E-Money Solutions).

Comprehensive financial services

E-money solutions allow users to send and receive online payments to market different products and services. Pilsenga stands out in this area, as it is an e-money and IBAN agency that offers e-money solutions through a wide range of comprehensive financial services, such as SEPA payments, IBAN accounts, batch payments, digital wallets (Wallet), and Exchange, among others.

Intuitive user interface

It is important that the provider’s platform is intuitive and easy to use, as this will allow you to take advantage of all its functions, improve the user experience, and increase the level of customer satisfaction. Pilsenga stands out in this regard, as it is a company that offers electronic money solutions (E-Money Solutions) through a friendly and intuitive platform, which allows its users to: users to manage their financial resources and make electronic money transfers in a quick and easy way, in addition to offering complementary tools such as digital wallet (wallet), which allows its users to users, manage their digital assets in an efficient and user-friendly way.

Personalized service

Most companies are looking for e-money solutions that fit the size and needs of their organization, as well as receiving fast and efficient support. Pilsenga stands out in this area, as it offers e-money solutions through a personalized service, which is tailored to each company and is available 24/7 (through its dedicated manager service).

Electronic money solutions: Why choose Pilsenga?

Increase market reach

Many companies are looking for e-money solutions that can help them reach new territories or increase their market reach. Pilsenga stands out here, as it is a company that offers “scalable” e-money solutions, which allow companies to expand their market reach and operate in different countries or territories. An example of this is the multi-currency IBAN account service, which allows sending and receiving payments in more than 30 currencies and between more than 150 countries.

Security and compliance

It is important that the electronic money service provider has a platform with a high level of security since this decreases the possibility of losses, theft, failures, and delays in electronic transactions. In this point, Pilsenga stands out, as it offers electronic money solutions through a platform that has a high level of security since it applies different security measures and protocols such as identity verification, integration of security controls, custody of multiple assets, approval of transactions, among others, in addition to complying with the different rules and guidelines established by the financial industry, which avoids legal problems and fines/penalties by authorities or regulatory bodies in the sector.

What do you think about this topic? Do you want to know more about Pilsenga’s e-money solutions?

If you are interested in Pilsenga products or services, you can contact us by visiting the following link.

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