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19 April 2021

All Aboard the Hype Train: CoinMetro Smashes Q1 Growth Expectations

All Aboard the Hype Train: CoinMetro Smashes Q1 Growth Expectations

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CoinMetro, the crypto-platform powering the future of finance, announced today that they’ve shattered their growth expectations, with revenue leaping 100x in March 2021 compared to March 2020.

Although many cryptocurrency exchanges have been collectively reaping the benefits of a booming digital economy, few if any at all have seen the growth that the CoinMetro ecosystem has.

It’s not just revenues and customer base that have been growing.

CoinMetro Group’s company Digital Fiat OÜ recently announced that they’ve been awarded an all-important E-Money Institution Agent license from the Bank of Lithuania, paving the way for cards, individual IBAN accounts, direct debits, and much more.

Rather than buying “off the shelf” customer verification solutions, from providers like Veriff, CoinMetro felt that building their own customer verification infrastructure made more business sense.

This means that not only does CoinMetro have tighter control (and security) of their own product, they’re now in a position to tap into a market worth $5.6 billion by offering their bespoke B2B legal KYC and whitelabel verification services to other businesses.

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