

Zurich/Delaware, March 2015. Payment21® is now registered as a financial intermediary in Switzerland. FOR IMMEDIATE RELEASE



Moving Media LTD, the owner of the Payment21®-brand, is now an enrolled member of Geneva’s ARIF, the Association Romande des Intermédiaires Financiers. This is one of the most sought-after Self-Regulatory Organizations (SRO) in Switzerland. The Swiss-based payments gateway is the first fully licensed Bitcoin processor in the world specializing in providing cross-border transactions to businesses that accept digital cash for the purchase of goods and services.



The company operates as a regulated financial intermediary offering fully compliant Bitcoin processing services. Its offices are located in the Canton of St. Gallen, situated in the German-speaking eastern area of the alpine country. According to Managing Director Bernhard Kaufmann, “Government licensing is crucial when establishing a payments business. Official approval from a leading European financial center such as Switzerland is a key differentiator in the competitive landscape.”



After careful evaluation, FINMA, the Swiss Financial Market Supervisory Authority, has deemed the business model of the company compliant with applicable laws and regulations. The financial regulator gave permission for the proprietary payment gateway available at payment21.com to process Bitcoin payments for buying goods and services from merchants as well as money transfer services under the terms of Swiss law.



With this new regulatory status, Payment21® is positioned to offer processing services to ecommerce vendors around the globe. Another important target group includes regulated entities such as publicly-listed businesses, financial institutions and telecommunications companies.



More details on http://blog.payment21.com/blog/