I just saw that a leading exchange has launched a new feature—users can now directly withdraw USD via bank transfer (SWIFT). This service is provided by the platform's affiliated payment company, and the transfer typically takes about 0-5 business days to complete.
Interestingly, the payment company offering this service is a subsidiary of the exchange in Bahrain, established only in April of this year. The key point is that they have already obtained a Payment Service Provider (PSP) license issued by the Central Bank of Bahrain. This move actually indicates one thing— the exchange is building a complete on-chain and off-chain payment closed-loop system, with full control over the entire process from trading to withdrawal.
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ChainWanderingPoet
· 3h ago
Bahrain PSP license, only obtained in April? The speed is really impressive. The competition for a closed-loop, autonomous off-chain payment system is getting fiercer.
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MoonlightGamer
· 7h ago
Wow, this is the real gameplay. The exchange builds its own payment channels, directly bypassing middlemen.
The Bahrain license move is well played; it seems they truly want to operate long-term.
SWIFT withdrawal takes five business days... Compared to the previous hassle, it's finally manageable, but it depends on how the fees are charged.
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ForkPrince
· 7h ago
Wow, are they starting to build their own payment system? Bahrain license plus SWIFT channel, they're really playing a big game.
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GasGoblin
· 7h ago
Directly SWIFT USD? Now the compliance vibe is getting stronger and stronger. The Bahrain license really packs a punch. But 0-5 business days is still a bit slow. When can it be instant?
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RetiredMiner
· 7h ago
Wow, 0-5 business days and I still need a Bahrain license? This speed isn't exactly fast either.
I just saw that a leading exchange has launched a new feature—users can now directly withdraw USD via bank transfer (SWIFT). This service is provided by the platform's affiliated payment company, and the transfer typically takes about 0-5 business days to complete.
Interestingly, the payment company offering this service is a subsidiary of the exchange in Bahrain, established only in April of this year. The key point is that they have already obtained a Payment Service Provider (PSP) license issued by the Central Bank of Bahrain. This move actually indicates one thing— the exchange is building a complete on-chain and off-chain payment closed-loop system, with full control over the entire process from trading to withdrawal.