Digital Asset Services
Virtual currency exchange and on-chain payments.
Through Norvix's Canadian MSB operations, for eligible clients and jurisdictions.
The value of digital assets may go up or down. You may lose the amount you invest. Digital assets are not deposits and are not covered by any deposit-guarantee scheme.
- SISupplier Inc.Under review07.09 · 09:41€12,480.00Release
- EXExchange · euro to digital assetReleased07.09 · 09:12€8,000.00Done
- CVCloud vendorReleased06.09 · 16:40€1,840.00Done
- EXExchange · digital asset to euroReleased05.09 · 11:05€3,500.00Done
What it is
Two things the service does
A short list of supported assets, reviewed before it is published. We would rather explain a few than list many.
Euro or dollars in, and back again
Into a supported digital asset and out of it, at a rate quoted to you before you confirm. The rate you confirm is the rate that applies.
On-chain payments that carry a declaration
Send to a counterparty's address or receive to yours, with the counterparty and the purpose declared, the way a SEPA payment is.
For eligible clients in eligible jurisdictions. [Client types and jurisdictions are confirmed after legal review.] Your named manager tells you before anything is set up.
Review
Reviewed like any payment
An on-chain transfer enters the same review as a SEPA payment: a person reads it before it moves, the counterparty and the purpose are declared, and the transfer carries a status you can see at every step. Once released, it lands on the same statement as everything else.
- SubmittedCounterparty declared · purpose: [invoice]
- Under reviewA person reads it, like any payment
- ReleasedSent on-chain once released
- ConfirmedOn your statement, with the reference
Simulated data · for illustration only
In plain words
Four things to know before you ask
- Not a deposit
- Digital assets are not deposits, earn no interest and are not covered by any deposit-guarantee scheme. Their value may go up or down, and you may lose the amount you invest.
- Price
- 0.65% of the amount on an on- or off-ramp, on the published price list, plus the exchange rate quoted before you confirm.
- Who runs it
- Paily Payment Systems Inc., operating as Norvix: a Money Services Business registered with FINTRAC (M23824357), with virtual currency exchange and transfer designations, and a Payment Service Provider registered with the Bank of Canada.
- Where it stands
- Separate from your EUR and USD accounts, which stay with licensed partner institutions. [Availability in the EU and the assets supported are confirmed after legal review.]
One service of several
The account, the cards and this service run on the same review, the same approvers and the same statement.
FAQ
Questions, answered
Who can use it, what is supported, what it costs and how a transfer is reviewed.
Get started
Start your business account today.
Finance opens the account. A person answers every question along the way.