What are cryptocurrencies?
Cryptocurrency or virtual currencies, in simple terms, are a type of digital or virtual money. It serves as ordinary money, but it does not exist in a physical form such as coins or banknotes. Cryptocurrency only exists in electronic form.
Can I use Azlo to trade cryptocurrencies?
No, Azlo is not built to support businesses if their core business purpose or product involves exchanging cryptocurrency (i.e. Bitcoin and Ethereum). Azlo customers can use third-party virtual currency-related services for occasional transactions that aren’t integral to their business, however, funds sent into and out of an Azlo account cannot be processed in cryptocurrency.
Will Azlo allow cryptocurrency based businesses in the future?
Azlo is currently focused on adding and providing core banking features for business accounts. We may explore cryptocurrency in the future, but this is not a priority at this time.