Luxury and Innovation Meet: HBL Partners with Swapin to Accept Crypto Payments
Crypto is entering the luxury space – not just as an investment, but as a popular payment method. Henningson Black Level (HBL), a global lifestyle group operating across real estate, private aviation, fashion, wealth management, and curated experiences, has built a reputation for impeccable service and innovation. Now, HBL has taken the next step forward by introducing crypto payments through a new partnership with Swapin, a licensed EU-based crypto payment solutions provider.
In this exclusive interview, HBL’s Chairman of the Board and Owner, Hendrick Henningson, shares the story behind HBL’s growth, how client expectations are evolving, and why integrating crypto payments is key to serving the next generation of luxury clients.
A vision rooted in purpose
Q: HBL has built a strong reputation in the luxury sector. What inspired you to start the company, and what values guide HBL’s success today?
Hendrick: HBL was born from a deep conviction that luxury is not merely about aesthetics or price tags, it is about intention, precision, and personalized excellence. From the beginning, our mission has been to create a global platform where high-net-worth individuals and visionary brands find not just services, but transformative experiences. Today, HBL’s reach extends across a curated portfolio of sectors, from real estate, jets, and yachts, to Health, Fashion & Beauty, and Consulting, each one embodying our core values: trust, innovation, discretion, and an unwavering commitment to delivering world-class results. Whether we are curating bespoke investments, facilitating ultra-luxury transactions, or crafting strategic brand roadmaps, our work is always rooted in purpose and authenticity
Crafting smooth experiences
Q: Luxury clients expect exceptional service. What strategies does HBL use to deliver a world-class experience across your diverse offerings?
Hendrick: Every HBL concept, from real estate and jets to yachts, fashion, and consulting, is anchored in three principles: personalized service, global expertise, and seamless execution. We take the time to understand each client’s aspirations and deliver solutions that are not only elegant but also strategic. Through the HBL Circle and our Holistic Business Alignment framework, we ensure that even business clients receive curated paths to growth and prestige. The goal is to eliminate friction, enhance impact, and elevate the journey, whether someone is acquiring a villa in Marbella or preparing a brand for global expansion.
Evolving expectations of clients
Q: In your experience, how are high-net-worth clients’ financial and lifestyle preferences evolving today? What trends are shaping their decisions?
Hendrick: Today’s luxury clients are more digitally fluent, more socially conscious, and increasingly focused on experiences over possessions. They seek investments that align with their values, such as sustainability and legacy, and lifestyle offerings that are immersive and purposeful. We’re seeing strong growth in sectors like private aviation, art investments, and wellness real estate. There’s also a marked shift toward privacy, authenticity, and flexibility. These clients want control, but also discretion. They want beauty, but also substance.
Innovation with a human touch
Q: Digital innovation is transforming every industry. How has HBL adapted to improve the client experience and meet changing expectations?
Hendrick: At HBL, we embrace innovation not as a trend but as a strategic tool to enhance exclusivity and efficiency. Whether it’s using virtual tools to present off-market properties, integrating AR/VR into brand experiences, or launching crypto payment options with Swapin, we are always evolving. Innovation at HBL is about expanding what’s possible while maintaining the human touch. It’s about offering modern convenience without sacrificing old-world refinement.
Crypto in high-value transactions
Q: With alternative payment methods gaining popularity, what role do you see crypto payments playing in the luxury sector?
Hendrick: Cryptocurrency is rapidly transitioning from a niche investment vehicle to a legitimate payment method for high-value transactions. In the luxury space, where privacy, speed, and flexibility are essential, crypto represents a natural evolution. For clients purchasing yachts, real estate, fine art, or even engaging in private aviation, crypto can streamline the process and offer them an elevated sense of control. But above all, it aligns with their modern, borderless lifestyles.
Rising demand from clients
Q: Have you seen a growing interest from HBL clients in using crypto for transactions?
Hendrick: Absolutely. Many of our clients, particularly those active in Web3, tech, and international business, are already managing wealth in digital assets. They’ve expressed a strong interest in using crypto to facilitate larger transactions in sectors where discretion and speed matter most. The challenge, until now, has been the lack of user-friendly, compliant, and secure solutions. That’s precisely why the Swapin partnership was so timely and strategic.
HBL’s decision to choose Swapin
Q: HBL recently partnered with Swapin to introduce crypto payments for your clients. What motivated this decision, and how has it impacted your business so far?
Hendrick: The decision to partner with Swapin came from a shared commitment to excellence, security, and innovation. Swapin’s solution is elegant: it allows clients to pay in crypto while we receive fiat instantly, no volatility, no complexity. That’s exactly the kind of smart simplicity our clientele expects. This integration has already begun enhancing client satisfaction. Whether it’s acquiring a classic car or booking an exclusive retreat, crypto is no longer a barrier, it’s a bridge.
Global expansion and innovation
Q: Looking ahead, what’s your vision for HBL’s growth in the next 5 years? Do you see payment innovations like crypto playing a role in that journey?
Hendrick: HBLis entering a phase of accelerated global expansion. From new hubs in MENA and Southeast Asia to increased investment in digital and AI-driven services, our vision is to become the reference point for bespoke luxury solutions worldwide. Crypto, and fintech innovations more broadly, will absolutely play a central role. It’s not just about adding convenience; it’s about offering forward-thinking clients the tools they expect, in an ecosystem they trust.
Advice for luxury brands
Q: What advice would you give to other luxury businesses considering crypto payments but unsure where to start?
Hendrick: Start by choosing the right partner, one that understands both the technical and emotional dimensions of luxury. Crypto payments must be elegant in execution, compliant with regulations, and seamless for clients. Swapin offers that peace of mind. Beyond that, embrace the opportunity. Integrating crypto is not just a tech upgrade, it’s a statement that your brand understands where luxury is heading.
A word from Swapin CEO & Founder
We also asked Evald-Hannes Kree, CEO and Founder of Swapin, to share his thoughts on the partnership with HBL and the wider impact of crypto payments in the luxury space.
Q: What excites you most about the partnership with HBL?
Evald-Hannes: HBL represents exactly the kind of forward-thinking brand we love to work with – highly professional, client-focused, and constantly evolving. Their willingness to embrace crypto payments shows a clear vision of where the luxury industry is headed. We’re happy to support them in offering secure, compliant, and smooth crypto payment experiences to their clientele.
Q: What would you say to other luxury businesses still unsure about crypto payments?
Evald-Hannes: Don’t be intimidated. You don’t need to be a crypto expert. With the right tools, you can offer your clients modern payment options without changing how you operate. Crypto isn’t a risk – it’s a smart opportunity to modernize payment methods, expand business, and stay ahead of evolving client expectations.
Meet the demand and drive growth
If your luxury brand is exploring crypto payments, HBL’s journey shows just how easy yet impactful it can be – with the right partner.
Swapin offers an easy, compliant way for businesses to accept crypto payments from clients and receive direct EUR payouts to their bank account – no wallets, no complex integration, no volatility.
Start accepting crypto payments today – book a free call with our team here.
Subscribe to our “Crypto payments for businesses” newsletter here and follow us on social media for the latest updates from Swapin.
8 Years of Leadership in Crypto Payments: Interview with Swapin CEO
Crypto payments have evolved significantly over the last decade, and few have had a front-row seat to this like Evald-Hannes Kree, CEO of Swapin. This year marks his 8th year leading the company, a journey filled with innovation, strategic pivots, and a commitment to simplifying crypto payments for businesses and individuals.
In this exclusive interview, we discuss Swapin’s growth, market trends, leadership insights, and the future of crypto payments.
Company Growth & Strategy
Q: 8 years is a long time in the crypto industry. How has Swapin evolved over this time?
Evald-Hannes: Crypto has changed immensely in the last 8 years. The industry today is completely different from when we started. Customer expectations, transaction types, and the role of crypto in everyday financial activities have all evolved. At Swapin, we’ve grown alongside these changes, ensuring businesses and individuals have access to simple, secure, and efficient crypto payment solutions.
Q: Swapin recently shifted its focus toward B2B solutions. What led to this decision?
Evald-Hannes: A few years ago, many predicted that crypto mass adoption among consumers would happen quickly, but the reality has been different. Businesses have become the biggest adopters of crypto payments – especially those that face challenges with traditional banking. Our main focus is now on B2B solutions because we are closely aligning with our clients’ needs.
Q: Which industries are driving this growth of crypto payments?
Evald-Hannes: More and more businesses are interested in accepting crypto payments securely and efficiently. The demand is coming from various industries, but some stand out, like real estate, luxury goods and services, and travel.
Q: What are the biggest lessons you’ve learned in 8 years of running a crypto payments company?
Evald-Hannes: Building a crypto payments company is far more complex than it might seem on paper. Everything takes longer than expected, especially when working within regulatory frameworks and financial licensing requirements. One of the critical aspects in this space is compliance, and ensuring that our solutions meet the highest security and regulatory standards has been a key focus for Swapin.
Q: What sets Swapin apart from other crypto payment providers?
Evald-Hannes: Many crypto payment providers focus on businesses and clients that already understand the crypto industry and how it works. Swapin is different because we make it accessible and easy for any business, even those with no prior crypto experience or knowledge. We help businesses accept crypto and receive the full invoiced amount in EUR directly in the bank account, without any complex integrations or technical knowledge. We make crypto payments as simple as traditional banking.
Leadership & Swapin Team
Q: Leading a crypto payments company isn’t easy. What leadership principles guide you?
Evald-Hannes: My principle is simple: put the customer first. Every decision we make is about solving real pain points for businesses and helping them. The best validation we get is when new clients come through recommendations from existing satisfied clients.
Q: How do you keep your team motivated, especially during volatile market conditions?
Evald-Hannes: We have a small, but very dedicated team with a strong internal culture. Everyone is involved in Swapin’s growth and success. We share both the challenges and wins as a team, and that keeps the team motivated.
Crypto Payments & Market Trends
Q: Crypto payments have grown significantly in recent years. What are the main drivers behind this?
Evald-Hannes: One of the biggest factors is awareness. As businesses see competitors accepting crypto, they start exploring it themselves. Positive word-of-mouth from satisfied businesses also encourages more businesses to adopt crypto payments. Additionally, customer demand is increasing – people want to pay in crypto, and businesses are now responding to that demand.
Q: Many businesses still hesitate to accept crypto. What are the biggest misconceptions?
Evald-Hannes: They’re not misconceptions – crypto is new, and businesses are right to be cautious. The main concerns they worry about are:
Volatility – Businesses don’t want to hold crypto that can fluctuate in value
Accounting & Compliance – Managing crypto transactions can be complex and very technical
Liquidity Risks – They worry about converting crypto to fiat efficiently
But, the good thing is that Swapin eliminates these risks – businesses receive 100% of their invoiced amount directly in EUR, without having to handle crypto themselves or deal with accounting headaches. Once they understand this, the hesitation disappears.
Q: What payment trends should businesses pay attention to in 2025 and beyond?
Evald-Hannes: One key trend is the rise of stablecoins in global commerce. More businesses will start using stablecoins for international trade and settlements. As regulations evolve, we will likely see more mainstream adoption of stablecoin payments.
Vision for Swapin & the Future
Q: What’s your vision for Swapin over the next 5 years?
Evald-Hannes: We want to make our solutions even more professional and localized for different markets. Offer customer support and services tailored to each country and its language. Expand support for more currencies and banking networks across Europe.
Q: What would you say to businesses still undecided about crypto payments?
Evald-Hannes: Some crypto enthusiasts would say, “The train has already left the station.” But I disagree. I believe the real opportunity is just beginning. Businesses that start accepting crypto now will be ahead of the curve as adoption grows in the coming years.
Q: If we have this conversation again in another 8 years, what do you hope Swapin will have achieved?
Evald-Hannes: I hope that by then, we’ve helped thousands of businesses successfully integrate crypto payments into their operations. Our mission is to make crypto payments simple, accessible, and widely used in everyday business – and I believe we’re well on our way to achieving that.
Final Thoughts
Evald-Hannes Kree’s leadership has guided Swapin through 8 years of growth, challenges, and adaptation in the crypto payments industry. With a clear focus on B2B, user-friendly solutions, and solving real business needs, Swapin is positioning itself as a leader in the crypto payments space in the years to come.
Want to integrate crypto payments into your business?
The Best Cryptocurrencies for Businesses to Accept in 2025
In recent years, more businesses worldwide have started accepting cryptocurrencies, offering clients an innovative payment option that’s fast, secure, and borderless. With global crypto adoption on the rise, accepting crypto payments is a way for businesses to attract new customers, reduce fees and operational costs, and drive growth.
But with thousands of cryptocurrencies in existence, which ones should businesses focus on? In this article, we’ll look at the best cryptocurrencies for businesses to accept based on their popularity, transaction speed, stability, and real-world business use cases.
Why accept crypto payments?
The appeal of crypto payments lies in their global accessibility, lower fees, and near-instant processing. Crypto payments allow businesses to reach an increasingly growing customer base that prefers to pay with crypto.
Benefits of crypto payments for businesses:
Global reach – Access a growing market of over 560 million crypto owners worldwide in 2024, predicted to pass 800 million by end of 2025
Lower transaction fees – Reduce payment processing fees by up to 70% compared to traditional banking
Faster settlements – Many crypto transactions finalize within minutes, even for international transfers
Security – Blockchain-based transactions are traceable and irreversible, eliminating chargebacks
Market trends & consumer adoption:
Cryptocurrency ownership grew by 33% in one year, with a 60% rise in Europe (Triple-A).
The number of active wallets on major blockchains continues to rise year by year, indicating growing mainstream adoption
Stablecoin transactions hit $30.5 trillion in 2024 – 7.68% more than the combined transaction volume of Visa and Mastercard (CEX)
A survey of 7,000 consumers found that 40% would use crypto more often for payments if more businesses accepted it
The total number of blockchain transactions exceeded 1.1 billion in 2024, reaching new record highs every year (Blockchain)
Best cryptocurrencies to accept in 2025
Each cryptocurrency is distinct and can serve a different purpose. Businesses should prioritize coins based on their transaction speed, fees, and customer demand.
1. Bitcoin (BTC)
Why BTC? Bitcoin is the most well-known cryptocurrency. It is used for large transactions, especially in high-value industries like luxury goods, real estate, fine art, and aviation.
Challenges: Slower transactions and higher fees makes it less suitable for smaller, everyday payments.
Use case: Luxury retailers, car dealerships, and high-end service providers benefit from Bitcoin’s market credibility.
2. Ethereum (ETH)
Why ETH? Ethereum powers an entire ecosystem of dApps, making it the preferred choice for businesses that integrate blockchain-based applications.
Challenges: Higher transaction fees during network congestion at peak times.
Use case: Digital services, tech firms, software companies, and blockchain-based businesses.
3. Stablecoins (USDC, EURC, EURQ)
Why stablecoins? Pegged to fiat currencies, like USD or EUR, stablecoins offer price stability, making them ideal for businesses concerned with volatility.
Use case: E-commerce, global businesses, and financial services plaftorms.
4. Solana (SOL)
Why SOL? Known for its lightning-fast transaction speeds and very low costs, Solana is gaining popularity in payments.
Use case: Tech companies, e-commerce, gaming.
5. Litecoin (LTC)
Why LTC? Litecoin offers faster transaction speeds and lower fees compared to Bitcoin.
Use case: Online retail and smaller businesses looking for fast and cost-efficient crypto payments.
6. Dash (DASH)
Why DASH? Dash offers enhanced transaction privacy and near-instant payments.
Use case: Ideal for individuals and businesses valuing privacy and speed in transactions.
7. TRON (TRX)
Why TRX? TRON is optimized for fast, low-cost transactions, making it a good option for smaller transactions or subscription services.
Use case: Streaming services, content creators, online marketplaces.
8. XRP (Ripple)
Why XRP? Optimized for cross-border payments, XRP is ideal for businesses with an international client base.
Use case: Financial services, remittance companies, and businesses with global operations.
9. Cardano (ADA)
Why ADA? Cardano is known for its sustainability, scalability, and research-driven development, making it a popular choice for eco-conscious businesses.
Use case: Businesses emphasizing environmental responsibility or innovation.
11. Toncoin (TON)
Why TON? Developed by Telegram, TON focuses on ease of use and integration with social media.
Challenges: Still in the early adoption stages.
Use case: Businesses in media, marketing, or tech with a young customer base.
How to decide which cryptocurrencies to accept?
Good news – you don’t need to decide!
The best approach is to accept multiple cryptocurrencies using a crypto payment processor that converts them into fiat, like EUR or USD, for you. For example, with Swapin’s Payment Link, businesses can accept crypto payments from clients or business partners, while they receive EUR straight in their bank account. No need to handle or manage crypto yourself.
How to start accepting crypto payments?
It’s very easy. With Swapin, you can accept crypto in just 1 business day – without any technical integrations. Here’s how:
Step 1: Sign up and complete onboarding
Step 2: Set up a crypto payment link
Step 3: Share your payment link and start accepting crypto
Step 4: Receive EUR directly into your business bank account
Want to see how this works?
Here’s a quick 2-minute video explaining how Swapin’s Payment Link works:
Why use Swapin for crypto payments?
1) No crypto handling required You don’t need to have knowledge about crypto or even hold a wallet. Our platform handles everything for you, so that your business can receive EUR in your bank account.
2)No extra costs Your client covers the crypto transaction fees, so your business has no extra costs. You’ll receive the exact invoiced amount every time.
3) Licensed and secure Swapin operates under EU regulations, holds a valid license, and undergoes audits by Grant Thornton to ensure the highest standards of security and compliance.
4)Simple accounting Our system automatically converts all payments into Euros and processes them with your requested payment description (for example, invoice #461). This allows your accounting team to maintain their standard workflow.
5) Free and easy setup No technical expertise or costs needed to get started. You’ll be ready to start accepting crypto payments in one business day.
Frequently Asked Questions (FAQs)
Q: Do I need to hold or manage crypto? A: No. All payments are automatically converted to EUR and transferred to your bank account, so your business never holds any crypto or needs a crypto wallet.
Q: Are there any additional costs for a business? A: No, your client pays the crypto transaction fee. Swapin’s Payment Link is free integration and setup for you.
Q: Is it difficult to integrate into my existing payment systems? A: Not at all. It is designed to integrate easily into your current payment process without requiring technical expertise. You just create a regular invoice for the customer and add a payment link with it.
Q: Is it safe for clients to use Swapin for large transactions? A: Yes. Swapin is fully licensed, regulated, and audited, providing you with the same level of security and trust as traditional payment processors.
Q: How are the payments converted? A: Payments are converted to fiat (like EUR) the moment a transaction is made, and deposited directly into your business bank account.
Q: Is Swapin secure and legal? A: Absolutely. Swapin holds an EU license and is audited by Grant Thornton to ensure security and legal compliance.
The time to accept crypto is now!
With Bitcoin ranking as the 7th largest global asset and stablecoins surpassing traditional payment networks, businesses that integrate crypto now will:
Expand into new markets
Benefit from faster, cost-efficient international transactions
Attract customers who prefer paying with crypto
Modernize their payment methods
Start accepting crypto payments today – book a free demo call here.
Subscribe to our business newsletter here and follow us on social media for the latest updates from Swapin.
Crypto Payments for Investment Platforms: How to Accept Crypto Deposits
By January 2024, the number of global crypto owners had increased to 562 million people, up from 420 million the previous year – and projections for 2025 indicate this figure could exceed 700 million. This growth highlights the increasing adoption of crypto payments and the need for businesses to adapt. Despite this, many investment platforms and financial apps have yet to accept crypto deposits, potentially missing out on engaging with this fast-growing market.
For businesses in the financial sector, the ability to enable crypto payments from customers could be a smart strategy. Here’s why.
Crypto market capitalization growth: In 2024, the total cryptocurrency market cap increased by + 97.7%, reaching a peak of $3.91 trillion in December (CoinGecko)
Transaction volume increase: Cryptocurrency transaction volume hit $10.6 trillion in 2024, a 56% increase compared to previous year (TRM Labs)
Rising adoption: With over 560 million crypto owners worldwide, more businesses are now starting to accept crypto as a payment method
II Speed and Convenience
24/7 accessibility: Crypto payments are processed 24/7, offering instant deposits any time of the day, any day of the year
Faster funding: Immediate deposit processing allows for faster access to funds for both platforms and their clients, which can make a big difference
Easy cross-border payments: Cryptocurrencies eliminates delays and complexities of traditional international payments
IIIExpanded Customer Base
Attract young investors: Studies show that 80% of young millionaires hold cryptocurrencies, with many preferring platforms that support crypto as payment (Nasdaq)
Access modern investors: By accepting crypto deposits, businesses can attract this segment of individuals looking for crypto-friendly financial platforms
Global reach: Accepting crypto enables platforms to expand their customer base globally, improving accessibility and flexibility for clients across regions
Challenges of Accepting Crypto Deposits
For many businesses, the perceived complexity of accepting crypto payments is a barrier. Concerns about wallets, seed phrases, and price volatility often deter businesses. However, these challenges are easily addressed with the right crypto payment processing partner. Solutions like Swapin’s Payment Link eliminate the need for technical expertise or any crypto handling, providing a simple, secure, and compliant way to accept crypto deposits from clients.
How Do Crypto Payments Work?
Swapin offers a quick and easy way for investment platforms to start accepting crypto deposits, without any integration needed. Here’s how it works:
Set Up Your Account: Sign up with Swapin and get your business account verified
Get a Personalized Payment Link: Receive a branded payment link that you can share with your clients and include in your platform’s deposit instructions (we also have API integration solutions available if your platform prefers that!)
Clients Pay in Crypto: Your customers can use the payment link to fund their accounts using popular cryptocurrencies like Bitcoin (BTC), Ethereum (ETC), USDC, and more
Instant Conversion: Swapin receives your client’s cryptocurrency and instantly converts it into traditional currency (for example EUR)
Funds in Your Business Bank Account: The converted funds are transferred directly into your company’s bank account. Your business receives the funds without needing to manage crypto or deal with currency conversions yourself!
Example client deposit flow using Swapin’s payment link
Main Benefits for Investment & Financial Platforms
Swapin is a trusted crypto payment processing partner for many financial platforms, offering a secure, compliant, and user-friendly solution to accept crypto deposits:
No Crypto Hassle: Your business doesn’t need to handle or store cryptocurrencies. Swapin manages the entire process for you.
No Integration Required: Start accepting crypto deposits in as little as 1-2 days, with no technical integration required.
Licensed and Secure: Swapin is fully licensed in the EU and audited by Grant Thornton, ensuring compliance and reliability.
Instant Conversions & Settlements: Crypto deposits are immediately converted and funds are sent to your bank account.
Simple Accounting: All payments are processed with clear descriptions (e.g., “Deposit #12345”). This way, your accounting team can continue using their standard processes without needing crypto knowledge.
Here’s a quick 2-minute video explaining how Swapin’s Payment Link works:
How to Get Started?
Accepting crypto deposits doesn’t need to be complicated. With Swapin’s Payment Link, businesses can begin accepting crypto deposits in just 1-2 days. Here’s how to begin:
Contact Swapin: Reach out to discuss your business needs and choose the best solution.
Set Up Your Account: Complete the onboarding process with Swapin’s support team guiding you at every step.
Accept Crypto Deposits: Share the payment link with your clients and promote your new crypto deposit option.
Frequently Asked Questions (FAQs)
Do I need technical expertise to accept crypto deposits? No, Swapin’s Payment Link requires no integration or technical expertise. The process is simple and quick.
How is cryptocurrency converted? Swapin instantly converts cryptocurrency into traditional currency (e.g., EUR) at the time of the transaction, protecting your business from any price volatility.
What cryptocurrencies can my clients use? Your clients can use popular cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), USDC, BNB, TON and more.
How long does it take to start accepting crypto? With Swapin, you can start accepting crypto deposits in as little as 1-2 business days.
Do I need a crypto wallet to accept crypto deposits? No, you don’t need a crypto wallet. Swapin handles the conversion of crypto to fiat for you. All payments are converted and directly transferred to your bank account, taking away all the hassle.
Is Swapin secure? Yes, Swapin is EU-licensed and audited, ensuring a secure and compliant payment process.
Ready to Accept Crypto Deposits?
The global crypto market is growing rapidly, offering investment platforms a chance to attract modern investors and extend deposit options. With Swapin, you can offer secure, hassle-free crypto deposits without any integration required.
Contact us today at [email protected] to learn more about how Swapin can help your business.
Subscribe to our weekly industry newsletter here and follow us on social media for the latest updates from Swapin.
Review of Swapin’s 2024 and a Look Ahead at 2025
Let’s take a moment to reflect on Swapin’s progress in 2024 and share a bit of our vision for 2025. Last year was one of growth and innovation – from expanding our product offerings to deepening industry partnerships, we made important strides toward improving crypto payments for businesses and individuals. Here’s a look back at what we achieved in 2024 and a little preview of the road ahead in 2025.
2024 Highlights
Remarkable Growth in Usage
Our crypto on-ramp usage grew 12x this year, reflecting the growing trust and adoption in Swapin’s cryptocurrency payment solutions. The number of off-ramp transactions also increased, showing a growing demand in customers that want to convert crypto to fiat like EUR directly into bank accounts.
Strong B2B Focus
In the second half of 2024, we strengthened our focus on B2B solutions, establishing ourselves as a trusted partner for businesses of all sizes across various sectors. From financial and investment platforms to luxury goods and services, car dealerships, real estate, IT services, and more, Swapin’s integrations support both deposits and payouts. As the only European non-custodial provider offering Named IBAN accounts, we enable businesses to process payments securely without ever holding customer funds.
Product Innovations
Our product and development team delivered significant updates to meet the evolving needs of our clients:
Polygon and TON network integrations – we expanded blockchain support for better efficiency and usability
Open banking payments – introduced alongside SEPA transfers for faster, more flexible transactions
API layer development – designed for business clients seeking custom integration solutions for their specific needs
Payment link UI redesign – improved payment form delivering a smoother user experience
Improved back office functionality – upgrades to ensure compliance with regulatory requirements, supporting a more secure and adaptable platform
Automated KYC process and open banking – added to our plug-and-play crypto buying and selling through API integration
Growing the Team
Our support team got a new team member and the sales team grew by three members, allowing us to connect with more clients, partners and attend industry events like ICE, Money20/20, SBC, AWSummit, and SiGMA. These events allowed us to respond to rising demand from sectors like luxury goods and services, consulting, investment and IT services.
Building Awareness
There are still many businesses that think accepting crypto is complicated or risky – perhaps requiring wallets, seed phrases, or understanding the complex infrastructure behind it. We’ve worked hard to show that crypto payments can be simple, safe, and efficient with Swapin. For example, your business can accept crypto payments from customers without ever having to manage it yourself with Swapin’s payment link solution. We do the conversion and transfer the funds for example in Euros to your business bank account.
Marketing & Customer Success Updates
Our marketing efforts in 2024 focused on clarity and customer engagement, including:
A new improved website for a better experience and understanding
New flows for smoother customer onboarding
New customer support infrastructure to help clients with faster support and guidelines
Updated branding materials like our Public Media Kit, Brand Kit, and Intro Deck
Plan for 2025
In the new year, our mission remains the same: to connect traditional finance with decentralized finance (DeFi) while delivering simple and secure crypto payment solutions.
Key Focus Areas for 2025:
Expand Currencies & Networks – adding support for more blockchain networks and currencies to increase accessibility and flexibility
Card Payment Integration – introducing Mastercard, Visa, and other major card providers for expanded payment options
Enhanced API Solutions – offer greater customization options and improved process for developers and partners
Driving Crypto Payment Adoption – building our partner network and expanding content with case studies, use cases, and educational videos to demonstrate how easy and secure crypto payments can be
Customer Experience Focus – simplifying our onboarding processes further to deliver better and faster client experiences
Why Art Galleries and Auction Houses Should Accept Crypto Payments
The sale of Comedian, Maurizio Cattelan’s conceptual artwork featuring a banana duct-taped to a wall, recently captured global attention. The piece sold for $6.2 million at Sotheby’s in New York, purchased with cryptocurrency by Justin Sun, a crypto entrepreneur. After securing the transaction, Sun famously ate the banana, turning the event into a viral headline. This sale marks a significant moment in the growing use of crypto payments in high-value transactions.
For art galleries and auction houses, it’s a powerful reminder that art is both innovative and without borders. Crypto payments offer a new way for collectors to acquire their desired pieces. If your gallery isn’t accepting crypto yet, here’s why now may be time to consider it.
Why Crypto and Art Are a Perfect Fit
1. A Truly Global Market
The art world knows no borders. Collectors from around the world participate in auctions and acquire pieces from international galleries. Cryptocurrency, with its borderless nature, offers a fast and secure way to purchase fine art and collectibles, eliminating the need for foreign currency conversion and reducing cross-border transaction fees.
As Adam Levine, president of the Toledo Museum of Art, noted during a recent crypto-based acquisition: “Just as we would pay in euros when purchasing from a French gallery or in pounds when dealing with an English auction house, it felt appropriate to transact in the preferred currency of the web3 artists”.
2. Attracting a New Generation of Collectors
The rise of cryptocurrencies has introduced a new segment of buyers – young, tech-savvy, and eager investors looking to diversify their portfolios. With over 80% of young millionaires holding crypto and a significant number preferring to transact in digital assets, galleries and auction houses stand to gain by meeting this demand. By accepting crypto payments, your business opens doors to this growing market.
Sotheby’s and Christie’s are 2 examples that were the first to tap into this momentum and accept cryptocurrencies like Bitcoin or Ethereum for art. Similarly, institutions like the Toledo Museum of Art have used crypto to acquire digital artworks.
3. Secure High-Value Transactions
Traditional high-value bank payments, such as wire transfers, can be slow and costly. Cryptocurrencies provide a faster, more cost-effective alternative, reducing delays and fees. Blockchain transactions are processed almost instantly, which is an advantage particularly for time-sensitive high value purchases.
Case Study: Maddox Gallery, London
Maddox Gallery, a leading contemporary art gallery in London, also accepts cryptocurrencies like Bitcoin, Ethereum, or stablecoins, as a payment method thanks to their partnership with Swapin. This forward-thinking approach has positioned them as an innovative leader in the modern art market, making art acquisitions more accessible to a global clientele that prefer to use digital assets for payments.
Crypto Payments Boom: A Trend That’s Here to Stay
Justin Sun’s purchase of the $6.2 million Comedian is not an isolated event; it’s part of a broader trend where crypto wealth is increasingly also influencing other industries, including art. Crypto investors want to spend their digital assets on purchasing fine art and collectibles.
Art has always transcended borders, and so should its payment systems. Cryptocurrency aligns perfectly with the global nature of the art world. Auction houses like Sotheby’s and art galleries like Maddox are just a few examples leading the way, as the opportunity is ripe for more companies to join the trend.
How Galleries and Auction Houses Can Accept Crypto Payments
Accepting crypto payments for art in your gallery or auction house is easier than you might think. Here are 3 simple steps to get started:
Choose a Reliable Payment Processor Select a provider like Swapin who specialize in fast and secure crypto-to-bank conversions, so your business can receive payments directly in your bank account in preferred currency, while your customers can pay in their preferred cryptocurrency.
Set Up Crypto Payment Link: Get onboarded and ready to go with a payment link that you can share with your clients alongside an invoice – crypto owners will know how to complete the payment.
Promote Your Crypto-Friendly Approach: Let your audience know you accept crypto payments. Display it prominently on your website, social media, and within your gallery to attract crypto owners.
Crypto Payments for Art: How Does It Work?
Platforms like Swapin make the process easy for businesses and their clients. It allows art galleries to accept cryptocurrencies like Bitcoin, Ethereum, and USDC while automatically converting them to traditional currencies like EUR or USD in their bank account.
Here’s how it works:
Client Initiates Payment
When a client chooses to pay with crypto, they can complete the transaction using a payment link that you have provided
They can use popular cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), USDC, TON, LTC, or more
Instant Crypto-to-Bank Conversion
Swapin receives your client’s cryptocurrency and instantly converts it into traditional currency (for example EUR)
Funds Deposited into Your Business Bank Account
The converted funds are transferred directly into your company’s bank account
Your business receives the exact invoiced amount without needing to manage crypto wallets or deal with currency conversions yourself
Example payment flowusing Swapin’s payment link
Swapin: Crypto Payments for Art Galleries
Swapin’s crypto payment solutions are designed to meet the needs of high-end sectors like fine art and collectibles providing an easy way for businesses to accept crypto payments while avoiding the complexities of managing crypto themselves.
Quick Integration
Start accepting crypto payments immediately with no technical integration. Simply send a payment link to your clients.
Instant Settlements
Swapin’s platform ensures that crypto payments are converted to traditional currency instantly and funds are deposited into your bank account
Licensed and Secure
Swapin is EU-licensed and audited by Grant Thornton, ensuring compliance and security
No Crypto Handling Required
Your business does not need to handle cryptocurrencies directly, Swapin manages the entire process for you
No Fees
Our solution is designed so that your client pays the transaction fees, meaning there are no extra costs to your business – you’ll receive the exact invoiced amount every time.
Simple Accounting
Payments are processed with the payment description that you requested. This way, your accounting team can continue using their standard processes without needing crypto knowledge.
The Time is Now
The sale of Comedian may have been a viral moment, but it represents something bigger: the growing role of crypto payments for art galleries. Accepting cryptocurrencies is becoming more than a new hype trend – it’s a strategic move for businessesin the fine art and collectibles industry to attract a growing market of more than 560 million crypto owners worldwide.
Ready to accept crypto payments? Contact us today to learn more about Swapin’s crypto payment solutions and how to get started.
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Crypto Payments for Private Jets and Aviation Businesses
More private jet companies are integrating crypto payment solutions, appealing to clients who value fast, secure, and flexible transactions. For private aviation, where urgency, privacy, and global accessibility are key, crypto payments are a perfect fit. Imagine securing a last-minute charter with Bitcoin, Ethereum, or USDC, bypassing any potential traditional banking delays and fees often associated with high-value cross-border payments.
The demand for crypto payments for private jets is rising. A recent study revealed that 20% of private jet users would prefer to charter a jet with cryptocurrency, like Bitcoin, Ethereum, or USDC, if given the option. Additionally, with 80% of young millionaires owning crypto, and 53% have half of their wealth in crypto assets (NASDAQ), the luxury travel market is adapting quickly to meet this new customer demand. By accepting crypto payments, private jet businesses open up to a growing global audience that’s ready to transact using cryptocurrencies.
Why Accept Crypto Payments for Private Jets?
Crypto payments are not just a trend – they offer unique benefits for the private aviation industry. Here’s why more companies are making the shift:
Instant 24/7 Transactions – Crypto payments operate around the clock, enabling clients to book flights at any time. For jet-setters who value convenience and speed, the option to pay instantly with crypto is a valuable benefit. Unlike traditional bank transfers that can sometimes take days depending on bank holidays, crypto payments are processed within minutes, allowing private jet companies to confirm bookings quickly.
Lower Fees for High-Value Transfers – Traditional payment methods, particularly credit cards, can come with significant fees for high-value transactions. Crypto payments reduce or in some cases even eliminate these costs, in the example of Swapin, merchants pay zero fees, while your client pays a very small fee for crypto transactions.
Global Accessibility – Cryptocurrencies enable international transactions without the usual complexities of exchange rates and banking delays. This is especially valuable for private jet companies, whose clientele often need to book flights at a moment’s notice from anywhere in the world.
Growing Customer Demand: Over 80% of young millionaires hold some of their wealth in cryptocurrency, and a significant portion of them prefer using digital assets for their transactions. The ability to pay with crypto provides freedom from traditional financial constraints and speeds up the booking process.
Enhanced Security – Blockchain technology ensures transactions are secure and traceable, and partnering with a licensed payment solutions provider gives you peace of mind.
Crypto Payments for Private Jets Businesses: How Does It Work?
Implementing crypto payments may seem complex, but platforms like Swapin make the process straightforward and easy for businesses. A crypto payment solutions provider allows businesses to accept cryptocurrencies like Bitcoin, Ethereum, and USDC while automatically converting them to fiat currencies like EUR or USD.
Here’s how it works:
Client Initiates Payment
When a client chooses to pay with crypto, they can complete the transaction using a payment link or API integration offered by the aviation business
They can use popular cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), USDC, LTC, or more
Secure Payment Processing
Swapin provides a secure payment gateway that handles the crypto transaction for the merchant
The transaction is encrypted and recorded on the blockchain, ensuring transparency and security
Instant Crypto-to-Fiat Conversion
Swapin instantly converts the received cryptocurrency into fiat currency (for example, EUR)
This immediate conversion protects your business from crypto price volatility
Funds Deposited into Business Bank Account
The converted funds are transferred directly into your company’s bank account
The business receives the exact invoiced amount without needing to manage crypto wallets or deal with currency conversions
Example payment flowusing Swapin’s payment link
How to Choose a Crypto Payment Processing Provider for Your Private Jet Business
When selecting a crypto payment solution, private jet businesses should consider:
Transaction Speed: For a smooth booking experience, choose a provider that processes transactions quickly to ensure clients can complete their payments without delays
Supported Cryptocurrencies: A wide range of supported cryptocurrencies provides flexibility for clients to pay with their preferred crypto
Fee Structure: Transparency in fees is essential. Understand the transaction and onboarding fees to accurately assess your overall costs. Some providers, like Swapin, offer zero onboarding and merchant fees!
Mobile Compatibility: In today’s mobile-driven world, a mobile-responsive payment solution is a necessity.
User Experience: A simple, user-friendly interface is crucial for clients who value ease of use.
Security: Opt for a crypto payment solutions provider who is fully licensed and audited, ensuring highest standard for your peace of mind
Swapin’s crypto payment gateway addresses all these considerations, making it a trusted choice for private aviation businesses looking to expand their payment options.
Swapin: Your Partner in Accepting Crypto Payments for Private Jets
Swapin’s crypto payment solutions are designed to meet the needs of high-end sectors like private aviation, providing an easy way for businesses to accept crypto payments while avoiding the complexities of managing crypto themselves. With Swapin, private jet businesses can receive crypto payments in Bitcoin, Ethereum, USDC, and other popular digital currencies, which are instantly converted into fiat and deposited directly into the business’ bank account.
Easy Integration
Payment Link: Start accepting crypto payments immediately with no technical integration. Simply send a payment link to your clients.
API Integration: For a customized experience, integrate Swapin’s API into your booking system, providing a seamless payment process for your clients.
Instant Conversion and Settlement
Swapin’s platform ensures that crypto payments are converted to fiat currency instantly.
Funds are deposited into your bank account swiftly, enhancing cash flow and operational efficiency.
Licensed and Secure
Swapin is fully licensed and regulated within the EU.
The platform is audited by Grant Thornton, ensuring compliance and security.
No Crypto Knowledge Required
Businesses do not need to handle cryptocurrencies directly.
Swapin manages the entire process, eliminating the need for specialized crypto expertise within your team.
No Extra Fees For You
Our solution is designed so that your client pays the transaction fees, meaning there are no extra costs to your business. You’ll receive the exact invoiced amount every time.
Easy For Accounting
Payments are converted automatically into fiat and processed with the payment description that you requested (for example, invoice #4691).
This way, your accounting team can continue using their standard processes without needing crypto knowledge.
Getting Started with Crypto Payments
Implementing crypto payment solutions is straightforward:
Contact Swapin
Reach out to Swapin’s team to discuss your business needs and choose the best integration option
Set Up Your Account
Swapin will guide you through the account setup process
Begin Accepting Crypto Payments
Start offering your clients the option to pay with cryptocurrency
Promote this new payment method to attract a broader client base
Elevate Your Private Jet Business with Crypto Payments
The adoption of crypto payment solutions represents a significant opportunity for private jet companies to innovate and grow. By offering crypto payments, businesses can:
Meet the demands of a growing market segment
Enhance international transactions and bookings
Improve operational efficiency with faster payments and reduced fees
Stand out in a competitive industry by embracing new technology
Swapin provides the tools and support needed to seamlessly integrate crypto payments for private jets. With instant transaction processing, an EU-license, and easy integration options, we ensure that you can offer this service confidently and securely.
Contact us today to learn more about integrating Swapin’s crypto payment solutions and enhancing your booking experience with fast, secure, and flexible digital payments.
Stay informed by subscribing to our weekly industry newsletter on LinkedIn here. Follow us on social media for more updates from Swapin.
How Crypto Payment Gateways Work: A Guide for Businesses
Businesses are constantly on the lookout for new ways to expand their reach, drive growth, and provide customers with new flexible payment options. One trend that’s increasingly gaining traction is the adoption of crypto payments. Crypto payment gateways offer a simple way for businesses to accept cryptocurrencies like Bitcoin, Ethereum, and USDC – while receiving fiat currencies, such as EUR or USD, in their bank accounts.
But how exactly do these gateways work, and what makes them an attractive option for businesses? In this guide, we’ll take a closer look at crypto payment gateways, the benefits they bring, and why more companies are integrating them into their payment systems.
What is a Crypto Payment Gateway?
A crypto payment gateway functions similarly to traditional payment processors, but instead of handling only fiat currencies like EUR or USD, it allows businesses to accept payments in cryptocurrencies, such as Bitcoin, Ethereum, USDC, or LTC. The gateway processes the customer’s transaction, converts the crypto into fiat, and deposits the funds into the business’ bank account. This makes it easy for merchants to expand their payment options without having to manage crypto themselves.
How Crypto Payment Gateways Work: Step-by-Step
Customer Initiates a Payment A customer decides to pay for goods or services with cryptocurrency. They use a payment link or a crypto checkout option integrated via API, selecting their preferred crypto to complete the transaction with.
Payment Gateway Secures the Transaction The crypto payment gateway receives the payment request and generates a unique payment address. The customer then sends their cryptocurrency to this address. The transaction is encrypted and recorded on the blockchain, ensuring it is secure and traceable.
Transaction Confirmation Once the transaction is sent, the blockchain network verifies and confirms it. This process may take seconds or a few minutes depending on the blockchain being used, but it’s often faster than traditional bank transfers. The gateway handles the monitoring of this transaction.
Crypto-to-Fiat Conversion After confirmation, the crypto payment gateway converts the received crypto into fiat currency.
Funds Transferred to Business’ Bank Account After the crypto is converted to fiat, the payment gateway deposits the funds directly into the business’ bank account, ensuring the business receives exact invoiced without ever having to manage crypto wallets or conversions themselves.
The process above is completed within minutes!
Industries Benefitting from Crypto Payment Gateways
Crypto payment solutions bring flexibility, speed, and global reach to businesses across various industries, for example:
Automotive, Yachts, and Private Jets – High-ticket purchases like luxury vehicles, yachts, and private jets benefit from the speed, security, and global accessibility of crypto payments, making it easy for international buyers to complete large transactions quickly.
Sports and Entertainment – Accepting crypto for events, tickets, and merchandise adds a modern, flexible payment option for fans, enabling seamless transactions for a global audience.
Real Estate – Crypto payment gateways simplify the process for international property buyers, providing a secure and efficient way to handle high-value transactions without traditional banking hurdles.
iGaming – In the fast-paced online gaming industry, crypto payments meet the demand for quick, secure, and anonymous transactions, which can boost user satisfaction and engagement.
Software and Tech Services – For software providers, SaaS companies, and other tech-based businesses, crypto payments can streamline payment processes, especially for clients around the world.
Digital Agencies – With crypto payment gateways, digital marketing and creative agencies can offer clients more flexible payment options, making it easier to serve international clients without the complexities of cross-border fees.
These industries, and many more, can improve customer satisfaction and expand markets for businesses by partnering with a crypto payment gateway provider.
Advantages of Using Crypto Payment Gateways
Here’s why businesses are increasingly turning to crypto payment gateways:
Ease of Use With solutions like Swapin’s payment link, businesses can start accepting crypto without any technical integration. It’s as simple as sharing a link with customers along with your invoice. For businesses that need more customization, Swapin’s API solution provides a fully tailored experience.
Instant Conversions Crypto payment gateways like Swapin enable instant conversion of crypto into fiat currency, eliminating price volatility concerns for businesses.
Lower Transaction Fees Crypto transactions, especially cross-border payments, generally involve lower fees compared to traditional banking. Businesses can save significantly on international transaction costs.
Global Reach Accepting crypto payments enables businesses to serve customers worldwide, without worrying about currency conversions or banking restrictions.
Security and Transparency Blockchain technology secures all transactions, making them immutable and transparent. This level of security protects both businesses and customers from fraud and chargebacks.
How To Choose the Best Cryptocurrency Payment Gateway for Your Business?
Selecting the right cryptocurrency payment gateway requires careful consideration of several factors to ensure it aligns with your business needs. Here are some things to keep in mind:
Transaction Speed: Quick transaction processing is important for a smooth user experience. A gateway that handles payments efficiently contributes to higher customer satisfaction and fewer delays.
Supported Currencies: A gateway supporting multiple cryptocurrencies provides you with more flexibility, allowing customers to pay in their preferred currency.
Fee Structure: Look for gateways that provide clear information on transaction fees, so that you’re fully aware of the costs.
Mobile Compatibility: It’s crucial to have a gateway that operates smoothly on mobile devices. Ensure that the platform is mobile-responsive to accommodate users on-the-go.
User-Friendliness: A user-friendly UI is essential. Choose a gateway with an intuitive interface and minimal learning curve to facilitate easy adoption.
Customer Support: Reliable and accessible customer support can make a big difference, particularly during urgent situations. Choose a provider with effective support channels for troubleshooting and guidance whenever needed.
By evaluating these factors, you can make a decision on the best crypto payment gateway to meet your business needs.
Different Ways to Integrate Crypto Payments
Swapin provides businesses with 2 flexible integration options:
Payment Link Start quickly without needing any integration. Simply share a payment link with your customers, allowing them to pay in crypto while your business receives fiat directly into its bank account.
API Integration For businesses with custom needs, Swapin’s API solution provides a seamless and secure way to manage crypto deposits and process withdrawals, ideal for companies needing tailored crypto solutions.
Why Use Swapin for Crypto Payment Processing?
Swapin offers a flexible and user-friendly solution for businesses looking to accept crypto payments. Whether you choose our payment link or API solution, we make it simple for you:
No crypto handling required: You don’t need to have extensive knowledge about crypto or even hold a wallet. Our platform handles everything for you – you receive funds in your bank account and can continue focusing on regular business operations.
No extra fees for you: Our solution is designed so that your client pays the transaction fees, meaning there are no extra costs to your business. You’ll receive the exact invoiced amount every time.
Licensed and secure: Swapin is fully regulated, licensed, and audited by Grant Thornton, ensuring that your transactions are handled with the highest standards of security and compliance.
Easy for accounting: Payments are converted automatically into fiat and processed with the payment description that you requested (for example, invoice #4691). In this way, your accounting team can continue using their standard processes without needing crypto knowledge.
Expand your market: By accepting crypto, you’re tapping into a growing global customer base of over 560 million crypto owners, offering your products to high-net-worth individuals who want to transact digitally.
Easy onboarding: You don’t need any technical expertise to get started. You’ll be ready to start accepting crypto payments from your clients in one business day.
Cross-border payments: Accept payments from customers across borders, offering cost-effective and fast international transactions.
FAQ (Frequently Asked Questions):
Q: How long does it take to set up the account and payment link? A: Setting up an account and creating your first payment link to accept crypto payments can be completed within one business day. Our team is there to assist you through every step to get you started as fast as possible.
Q: What are the fees? A: SwapinCollect operates with zero fees for businesses. Your customers cover the transaction costs, which are as low as 0.8% per transaction.
Q:How quickly will I receive funds in my bank account? A: In most cases, the funds are instantly converted to fiat and transferred to your business bank account. In some cases, funds may take up to one business day.
Q: Which cryptocurrencies are most accepted? A: Swapin supports a wide range of popular cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), USDC, LTC, TON, BNB, and more. This allows your customers to choose the crypto they’re most comfortable using.
Q:What are the options for accepting crypto payments? A: You can choose from 2 options: 1) Payment Link – no integration required. Your customers pay in crypto, and your business receives fiat directly in your bank account. 2) API – for businesses with custom needs. You can utilize our API solutions to securely handle customer deposits and process withdrawals.
Q: Do I need a crypto wallet to accept payments? A: No, your business doesn’t need a crypto wallet. Swapin handles the crypto conversion and transfers the funds directly to your bank account in EUR, so you never have to manage cryptocurrency directly.
Final Thoughts
Crypto payments are becoming a new option for businesses as they offer a simple way to expand payment methods while providing security and access to a growing market. Swapin’s crypto payment gateway solutions make it easy for businesses to start accepting crypto with minimal effort and maximum benefit.
If your business wants to start accepting crypto payments, fill out this form and our team will be in touch. Or if you want to learn more about how Swapin can help, visit our website.
Stay informed by subscribing to our weekly industry updates newsletter on LinkedIn here, and joining our community on Telegram here. Follow us on social media for more updates from Swapin.
How Mobile Autokeskus Sells Cars Using Swapin’s Crypto Payment Solutions
The automotive industry is one of several sectors embracing the advantages of crypto payments. Leading the way in Estonia is Mobile Autokeskus, a well-established and reputable used car dealership. Thanks to Swapin’s crypto payment solutions for merchants, their customers now have the option to pay with cryptocurrencies, offering more flexibility and convenience.
Mobile Autokeskus aka “Car Aftermarket Boss”
Founded in 1997, Mobile Autokeskus has established itself as a leading seller of used vehicles in Estonia. With over 26 years of experience in buying, selling, and brokering used cars, the company handles over 1,000 cars annually.
Known for their personalized customer service, Mobile Autokeskus has built a loyal customer base by adapting to new trends and constantly improving clients’ experiences. That’s why their team took the step of integrating crypto payments through Swapin, enabling their customers to now buy cars using cryptocurrencies.
Businesses Adapting to Latest Payment Trends
With the rising popularity of cryptocurrencies, more and more customers are looking for ways to make large purchases like cars with their digital assets. In fact, a study by leading advisory firm Forrester Consulting found that businesses adopting cryptocurrencies experience a rise in customers and a 2% increase in average order values (AOV).
Mobile Autokeskus saw this growing demand for crypto payments among their customers too, so they wanted to find a reliable solution that would allow them to accept crypto without having to handle the complexities of cryptocurrencies.
Accept Crypto Payments with SwapinCollect
Swapin, an EU-licensed crypto payment solutions provider, makes it easy for businesses to accept cryptocurrencies while receiving Euros in their bank account. With SwapinCollect, the dealerships can support payments in Bitcoin (BTC), Ether (ETH), USDC, and other top cryptocurrencies.
By offering crypto payments, Mobile Autokeskus joins a growing list of businesses experiencing the benefits of digital currencies.
Here’s how it works:
The customer chooses their desired car and asks to pay in crypto
Mobile Autokeskus provides the customer with an invoice and payment link
The customer pays in the cryptocurrency of their choice Swapin instantly converts it to Euros, which are then deposited to Mobile Autokeskus’ bank account
This process eliminates any risk for the merchants, in this case a car dealership, as all transactions are settled in EUR.
CEO Silver Havamaa’s Perspective
In a recent TV interview, Mobile Autokeskus CEO Silver Havamaa shared his positive experience with crypto payments:
“We use a licensed virtual currency provider from Estonia – Swapin. It’s very secure. If you have crypto, there’s no need to exchange it first anymore – you can just come and buy a car. Swapin supports most of the top used cryptocurrencies. Customers tell our team that they want to pay with crypto, and we provide the invoice with a payment link. There’s no risk for us as a merchant – we still get paid in EUR.”
Watch the interview with Silver here:
Buying a car with crypto at Mobile Autokeskus in Tallinn; CEO Silver Havamaa discusses crypto payments in TV show STOP!
Crypto Payment Solutions for Car Dealerships
For car dealerships like Mobile Autokeskus, the ability to accept crypto payments offers 3 key advantages:
Fast Transactions: Crypto payments are processed instantly and settled in Euros in your business bank account
Customer Convenience: Crypto owners don’t need to convert their assets into EUR before purchasing, making the buying process smoother and faster.
No Risk: Businesses receive Euros in their bank accounts, with Swapin managing the conversion at the moment of payment.
Did you know? A survey by Kaspersky revealed that 32% of respondents would use crypto to purchase a vehicle if the option was available. This shows that more people are open to using crypto for everyday purchases, signaling a possibility for merchants.
A Growing Market of Crypto Owners
Mobile Autokeskus has noticed an increase in customer interest in crypto payments. The option appeals to a growing market of buyers who hold cryptocurrencies and value the ease of using their digital assets for big purchases.
The partnership’s success has even been featured on national television in Estonia, including TV3 evening news. The segment highlights how customers can now buy cars using cryptocurrencies and emphasized the growing trend of crypto payments for larger transactions like cars and real estate.
You can check out the news segment featuring Swapin’s CPO, Edward Rebane, here:
Crypto payments for car dealerships I Swapin & Mobile Autokeskus partnership in Estonia
Future of Crypto Payment Solutions
As more industries adopt crypto, Mobile Autokeskus is leading the way in the Estonian automotive sector. Their partnership with Swapin is proof that this payment method is not just feasible, but also beneficial for both businesses and customers.
Interested in accepting crypto payments at your store too?
Contact us today to get started – fill out this form, and our team will reach out!
FAQ (Frequently Asked Questions):
Q: How do I get started? – Setting up a new account with Swapin is straightforward and typically takes just 1 business day. This includes the time needed to review the documents provided during the verification process. Once your business account is verified, setting up your SwapinCollect payment link only takes a few minutes, allowing you to start accepting crypto payments quickly.
Q: What are the fees? – SwapinCollect operates with zero fees for businesses. Your customers cover the transaction costs, which are as low as 0.8% per transaction. Check our detailed fees page for more information.
Q:How quickly will I receive funds in my bank account? – With SwapinCollect, you’ll benefit from instant SEPA payouts. In most cases, funds are transferred to your business bank account in EUR immediately after the customer completes the crypto payment.
Q: Which cryptocurrencies are most accepted? – Swapin supports a wide range of popular cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), USDC, and more. This allows your customers to choose the crypto they’re most comfortable using.
Q:How secure is it to accept crypto payments? – Swapin is an EU-licensed and Grant Thornton audited crypto payment solutions provider. Our platform adheres to the highest standards of security and compliance.
Q: Do I need a crypto wallet to accept payments? – No, your business doesn’t need a crypto wallet. Swapin handles the crypto conversion and transfers the funds directly to your bank account in EUR, so you never have to manage cryptocurrency directly.
Stay informed by subscribing to our weekly industry updates newsletter on LinkedIn here, and joining our community on Telegram here. Follow us on social media for more updates from Swapin.
Car Dealerships Accepting Crypto as Payment Method: DRIVAR Case Study
As a luxury or sports car dealership owner, you’re always looking for ways to deliver a premium experience. From offering top quality, high-performance vehicles to providing exceptional customer service your clients expect. However, there’s another key element that can improve the buying experience even further – your payment methods.
With over 560 million crypto owners worldwide, accepting crypto is not just a trend – it’s a strategic opportunity that allows businesses to tap into a growing market, diversify payment options, and set themselves apart from competitors.
You’ve probably heard the hype around crypto, but you might be wondering: “Why should I care?” or “What’s in it for my business?” So let us break down the key reasons why integrating crypto payments could be the next big move for your business.
Why Should Car Dealerships Consider Accepting Crypto?
Well, the short answer is: possible revenue and growth. By not accepting crypto payments, you could be turning away potential clients without even knowing it.
But the benefits don’t just stop there. Here’s why accepting crypto is worth considering:
Global Accessibility Cryptocurrency transactions are borderless, making it a great solution for international clients. Whether your customer is from Stockholm, Zurich, or Madrid, they can pay in crypto without worrying about currency exchanges or waiting days for payments to process. Crypto operates 24/7, allowing clients to make instant cross-border transactions.
Faster Payment Processing Traditional payment methods, especially for high-value transactions, can be slow. Wire transfers may take days to clear, causing stress for both you and your client. Crypto payments are faster, often processed in minutes, saving valuable time and improving the buying experience for clients that want to pay in crypto.
Lower Transaction Fees Credit card processing fees and wire transfer costs can add up, particularly for large purchases. Crypto transactions typically come with lower fees, which means more savings for you and your clients.
DRIVAR Case Study: Accepting Crypto for Luxury Car Rentals
DRIVAR, a leading luxury and sports car rental marketplace, recently started accepting crypto payments with the help of Swapin. They now give their high-end clients the flexibility to pay with cryptocurrencies like Bitcoin, Ethereum, USDC or other stablecoins.
DRIVAR’s clients can rent a car using their preferred digital assets, while the business receives the equivalent in Euros in their bank account, thanks to SwapinCollect’s instant conversion feature. This partnership brings added convenience and flexibility for car enthusiasts in Germany.
“At DRIVAR, we see a great demand in the field of crypto and blockchain technology. Customers repeatedly ask us if we offer crypto payments. Swapin seems to be the perfect partner for strategic positioning in this direction. We are happy to work together.“
One of the main concerns for luxury businesses when it comes to cryptocurrency is volatility and regulations. How can you offer these payment methods without technical knowledge or expertise in dealing with them?
That’s where solutions like SwapinCollect come in. It provides a way for car dealerships to accept crypto payments without having to deal with crypto at all.
How does it work? When a customer pays you in crypto, Swapin automatically converts the payment into EUR and transfers Euros directly to your business bank account. You’ll receive the full invoiced amount without any price volatility or the need to manage or own a crypto wallet.
SwapinCollect: Secure Crypto Payment Processing
SwapinCollect makes accepting crypto payments easy. Here’s how:
No crypto handling required: You don’t need to have extensive knowledge about crypto or even hold a wallet. Our platform handles everything for you, so that your business can receive EUR in your bank account and continue to focus on regular business operations.
No extra fees: Our solution is designed so that your client pays the transaction fees, meaning there are no extra costs for your business. You’ll receive the exact invoiced amount every time.
Licensed and secure: We know trust is important. Swapin is fully regulated, licensed, and audited by Grant Thornton, ensuring that your transactions are handled with the highest standards of security and compliance.
Easy accounting: All payments are converted automatically into Euros and processed with payment description as requested by you (for example, invoice #4691), so your accounting team can continue using their standard processes without needing any specialized knowledge in crypto.
Free setup: You don’t need technical expertise to get started. You’ll be ready to start accepting crypto payments from your clients in one business day.
Why is Now the Time for Car Dealerships to Start Accepting Crypto Payments?
Growing Market
The number of people using cryptocurrencies is growing fast. Currently, there are over 560 million crypto owners globally, up by 120M compared to last year. Offering crypto payments can bring in new customers who want the convenience and speed that digital currencies offer.
Premium Client Experience
Offering crypto payments enhances the overall customer experience by providing convenience and modernity. Clients who value both luxury and technology will appreciate having the option to pay with their digital assets.
Stay Ahead of Competitors
As more luxury brands adopt crypto payments, early adopters will have a competitive advantage. Accepting crypto now positions your car dealership as a leader in innovation.
Your Car Dealership Can Be Next
Luxury car and sports car dealerships accepting crypto, along with other high-end brands, not only meet the growing demand, but also position their businesses as leaders in innovation.
With solutions like SwapinCollect, you get the best of both worlds – accepting crypto while receiving Euros in your business bank account. Let Swapin handle the crypto while you can focus on delivering the luxury service your clients expect.
Lead the industry by adding crypto as payment method via SwapinCollect today. Fill out the form here to get started!
FAQ (Frequently Asked Questions):
Q: Do I need to hold or manage crypto? – No. All payments are automatically converted to EUR and transferred to your bank account, so your business never needs to hold any crypto or own a crypto wallet.
Q: Are there any additional costs for me as a merchant? – No, the client pays the transaction fee.
Q: Is it difficult to integrate into my existing payment systems? – Not at all. SwapinCollect is designed to integrate easily into your current payment process without requiring technical expertise. You just create a regular invoice for the customer and add a payment link with it.
Q: Is it safe for my clients to use SwapinCollect for large transactions? – Yes, Swapin is fully licensed, regulated, and audited. We provide you with the same level of security and trust as traditional payment processors.
Q: How are the payments converted? – Payments are converted to fiat (EUR) the moment a transaction is made and deposited directly into your business bank account.
Q: Is Swapin secure and legal? – Absolutely. Swapin holds an EU license and is audited by Grant Thornton to ensure maximum security and compliance.
Stay informed by subscribing to our weekly industry updates newsletter on LinkedIn here, and joining our community on Telegram here. Follow us on social media for more updates from Swapin.
