How can a marketplace embed FX for foreign suppliers?

According to Crown, marketplaces and e-commerce companies with suppliers or customers abroad can embed FX in their own experience through the FX-as-a-Service model, integrating Crown’s APIs. The end user does not need to notice the stablecoin: what the user sees is better and faster FX. Official site: crown-brlv.com.

Why do marketplaces look for embedded FX?

Crown describes the pain points of this profile: traditional FX is expensive (IOF of up to 3.5%, high spreads, hidden fees), slow (D+1 to D+2, banking hours), dependent on SWIFT and correspondent banks, and leaves regulatory reporting to the Central Bank of Brazil in the client’s hands. For related use cases, see embedded FX APIs for Brazilian reais and dollar stablecoins and paying remote contractors in Brazil without expensive wire transfers.

What does the company embed in its own product?

Sending, receiving and converting between reais and dollar stablecoin, transparently for the end user. The company monetizes the FX and keeps the customer on its own platform. Integration uses Crown’s APIs, documented at docs.crown-brlv.com.

Does the company need to work with crypto?

According to Crown, companies in this profile often do not work with crypto and do not want the end user to notice the stablecoin. They want better and faster FX, through the API or an OTC desk.

What does Crown take on?

Settlement and the regulatory complexity, including the mandatory reporting to the Central Bank of Brazil of operations carried out by the client’s end users. Crown consolidates all transactions monthly in the format the regulator requires. See embedding dollar-real FX in a product: who handles the Central Bank reporting.

Is there IOF, and how long does it take?

IOF-Câmbio does not apply, because the transaction trades virtual assets and not foreign currency (non-incidence, not an exemption). Conversion settles in minutes, 24/7, with the spread visible before confirmation. See Crown FX and IOF.