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Storspay
Canada
2021 (4 Years)
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What are the differences in regulations for each
License
A Grade License
Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.
B Grade License
Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.
C Grade License
Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.
D Grade License
From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.
Company Information
Get to know Storspay
Company Information
Get to know Storspay
Storspay (StorsApp Pay) is a DeFi-crypto payments platform for merchants to receive payments in crypto and fiat from their consumers with almost zero transaction fees. Consumers only need their phone to make payments at participating merchants (anywhere in world) without needing a debit/credit card or hopping between multiple peer to peer crypto apps. They enjoy cashback on all their spend through the app at participating merchants. Users can earn interest income (higher vs. their bank) by staking their balances to be lent at affordable rates to merchants in the network (who enjoy lower rates vs. banks). We are creating a new way for merchants and consumers to exchange value, one that puts them at the heart of their transactions while undoing the frictions of the current system through new paradigms- borderless payments, zero fees, cashback for spend and community-driven higher interest income on user balances and lower rates on merchant borrowing. Storspay - its the way you want to exchange.
Industry
- Crypto CryptocurrencyPRIMARY
- Financial Other Service
- Financial PSP Gateway
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