Caxton launches multicurrency account for SMEs

The new service provides access to 34 currencies with a single IBAN number

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Faster payments: “At a time when many of the major banks are closing their multicurrency offerings, we’re proud to launch ours" – Rupert Lee-Browne

UK-based foreign exchange, global payments and prepaid card provider Caxton FX has launched a multicurrency account for small- and medium-sized enterprises (SMEs) to help them manage risk, without the need to open an international bank account.

The new service will give businesses access to 34 currencies and promises to make payments cheaper, faster and more secure, thanks to Caxton’s blockchain-based payments engine. Clients of the firm will be able to make multicurrency payments under a singl