Berlin-based Bitwala, a blockchain based payment company announced a new service this month called ‘Bitwala for Business‘ which allows businesses to carry out unlimited, fast, low cost and mass payouts in over 30 world currencies using 40+ cryptocurrencies at competitive exchange rates.

The solution is available globally, and businesses can sign up without having to open a traditional business bank account.

Using Bitwala for Business, companies can make money transfers in over 30 currencies including CNY in which one-fifth of all EU imports are paid. Companies will be able to move funds globally at a low 0.5% fee.

Jörg von Minckwitz, CEO, and co-founder of Bitwala said:

“Companies all around the world are losing millions in transfers fees and in delayed payment settlements. This is because traditional banking and transfer services are outdated and expensive.With Bitwala for Business, companies can centralize cash management through instant, consistent, standardized payment processing with no hidden costs.”

Bitwala for Business also provides expenditure tracking through web and mobile apps, corporate bitcoin Visa prepaid and debit cards, mass payment tools, and an open API for application developers to interact in a fast, powerful, and secure way with Bitwala accounts.