Bitcoin payment processor and storage provider Coinapult is now seeking customers in the US market following a services integration with Crypto Capital.
The bitcoin firm did previously offer its bitcoin wallet service to US customers but said that the country's users were blocked from its website in July last year as the company was not a licensed money transmitter.
By opening an account with Crypto Capital, a licensed money transmitter in Panama, Coinapult will now allow its users to deposit, withdraw and transfer fiat currency.
"From both a legal and financial perspective, any fiat movement between Coinapult and our customers will be handled through Crypto Capital functioning as a licensed money transmitter on behalf of Coinapult," the spokesperson continued.
According to Crypto Capital's website, customers are provided a "segregated fiat account" to US users. Clients that offer software products to bitcoin users, the company states, are then able to move fiat currency in and out of these accounts.
Crypto Capital will perform know your customer (KYC) checks on behalf of Coinapult.
Hot wallet attack
The Panama-based startup restored its services the following month. The spokesperson said that the company was hoping to introduce client-side multisig functionality by the end of July.
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