The path from crypto curiosity to actual implementation remains daunting for many enterprises. Coinme, originally known for its network of bitcoin ATMs, wants to change that through its business-to-business crypto infrastructure platform — a suite of tools designed to help companies launch crypto products without building complex infrastructure from scratch.
"We're a platform that provides licensed crypto infrastructure," says Neil Bergquist, CEO of Coinme. "That infrastructure is the ability to create an account and conduct KYC [know your customer], but also the ability to use a debit card or cash to buy or sell digital currencies and then custody digital currencies or send them to a customer's wallet of their choice."
The company's push into enterprise services comes amid significant growth projections for the crypto-as-a-service sector. Allied Market Research expects the global CaaS market to reach $84.6 billion by 2031, with a compound annual growth rate of 59.3%. This reflects mounting interest from traditional financial institutions in blockchain-enabled services, as well as potential remedies for the regulatory uncertainty that’s shaped adoption patterns in the past.
Coinme’s Blockchain-as-a-Service Platform
Coinme's platform centers on four key service areas: customer onboarding, transaction processing, custody solutions, and rewards integration. The company's KYC verification system promises to onboard customers up to 70% faster than traditional methods, addressing a common friction point in crypto adoption.
The platform's APIs are designed to allow businesses to maintain their branding while offering crypto services. Partners can customize the user experience to match their existing products and services, with account management support to guide the integration process.
Risk Management
Many potential enterprise partners, particularly larger corporations, remain hesitant to dive into crypto services due to regulatory uncertainty. "When you deal with companies that are worth more than a billion dollars and already have a good thing going, they're less likely to take risks," says Bergquist.
However, demographic trends suggest an increasing demand for crypto integration. "Individuals under the age of 40 are more excited about investing in crypto, are more interested in investing in crypto, and believe that crypto has more upside than stocks," Bergquist notes, citing data from a 2024 Bank of America survey of wealthy individuals.
Written by Crc
COINRATECAP