Medici Bank has selected Convera, a leader in global payments and foreign currency management to power cross-border deposits, conversions, and payments. With this collaboration, Medici is able to extend banking services to accept and convert 65 foreign currencies, empowering our clients to transact globally without the constraints of currency barriers.
To start, Medici will allow deposits in up to 65 currencies, automatically converted to US dollar. Subsequently, Medici will add the ability of clients to select which (and the amount of) foreign currency to pay (funded by US dollars). Last, Medici will enable multi-currency accounts, where clients will be able to, receive, hold, and pay in up to five different currencies at Medici Bank, thus avoiding the need to convert into and out of the US dollar.
