Mudrex launches payments infra for Indian Web3 businesses

The target for Saber.Money includes Web3 gaming firms, remittance companies and crypto exchanges. These industries, involved in crypto transactions, are expected to find value in Saber’s services for enhanced reliability and operational efficiency.

The early clients of Saber.Money include FireDrops by Flipkart, IndiGG, Polygon, ANQ Finance, Colexion, Acme, and Rage Fan. Besides that, 40 additional clients are waiting to join.

As per Patel, the “API-driven fiat and crypto payment methods” at Mudrex are responsible for these clients wanting to integrate crypto transactions into their businesses.

Mudrex has obtained registrations from India’s Financial Intelligence Unit (FIU). They have also registered as a Virtual Asset Service Provider with the European Union and have obtained the Organismo Agenti e Mediatori (OAM) registration in Italy.

While talking about where the idea of Saber emerged from, the CEO of Mudrex elucidated, “At first, our focus was on building the onramp and offramp infrastructure on Mudrex to improve our user experience. However, we quickly recognized the challenges many businesses in the industry faced when trying to incorporate crypto transactions. This realisation, coupled with the increasing regulatory clarity, inspired us to address these issues. Over the past nine months, our dedicated team has diligently worked on building the infrastructure to cater to different clients needs efficiently.”

With the evolution of Web3 and crypto industries, innovative solutions are on the rise, ushering in a new era of financial possibilities.