Swaps
Key Data
- Trading Name: Swaps.app
- Legal Entity: Octo Liquidity OÜ/OCTO FINANCE INC/Octo LLC
- Activities: Crypto Payment Processor
- Location: Estonia/Canada
- Regulations: regulated
- Key People: Georgios Kalmpazidis/Linda Derkača
- Latest news: Swaps
- Latest update: August , 2024
Swaps.app is a globally operating crypto widget company helping e-commerce websites and online businesses to accept crypto payments or sell crypto with crypto payment gateway solutions.
Offering
It offers services for buying, selling, and accepting digital assets, such as Bitcoin and Ethereum, while also providing crypto payment gateway solutions that integrate into websites. The platform supports various payment methods and includes an automatic crypto-to-fiat conversion option to help reduce the impact of cryptocurrency volatility for businesses. It aims to make crypto transactions more accessible by simplifying the process for users of all levels.
Swaps.app offers several key features designed to simplify cryptocurrency transactions for both individuals and businesses:
- Crypto Payment Gateway
- Crypto-to-Fiat Conversion
- Buy and Sell Cryptocurrencies
- Global Accessibility
- Security and Fraud Protection
Regulation
Swaps.app is registered to provide virtual currency services under Estonian regulations. The company holds a license issued by the Financial Intelligence Unit (FIU) of Estonia, which ensures compliance with local laws regarding anti-money laundering (AML) and counter-terrorism financing (CTF).
Key People
- Georgios Kalmpazidis
- Linda Derkaca
Financial Situation
As of September, 2024, the legal entity in question has no outstanding tax debt. For the second quarter of 2024, the entity paid €5,665.03 in state taxes and €5,764.98 in workforce-related taxes, reflecting its compliance with local tax obligations. The company’s taxable turnover for this period amounted to €20,614.84, indicating its business activity. Additionally, the company employed two employees during this quarter. These figures suggest a relatively small operation with consistent tax contributions and a modest taxable turnover.
Customer Reviews
Trustpilot: 3,5 Stars with 35+ Reviews
Conclusion and Rating
Based on the available information, Swaps.app provides all the necessary legal and financial details required to evaluate its operations. It is registered to provide virtual currency services under Estonian regulation and complies with local tax obligations, with no outstanding tax debt as of September 2024. Furthermore, its financial activity, including taxes paid and taxable turnover, suggests responsible business practices. Additionally, no negative information has been identified concerning the company’s compliance or customer relations. Therefore, we can confidently assess Swaps.app as compliant and reliable from both customer and regulatory perspectives, warranting a green rating in terms of compliance and operational transparency.
