Dedicated IBAN

The abbreviation “IBAN” stands for International Bank Account Number. It is a globally accepted international format used to distinguish client accounts at financial institutions. IBAN consists of letters and numbers identifying the country, financial institution in which the account is opened, and the account owner. The dedicated IBAN service at SpectroCoin is powered by UAB Pervesk.

Generally, IBAN accounts are used for sending, receiving, and storing fiat funds. IBAN account owners can take advantage of the opportunity to make payments and receive transfers from other IBAN owners worldwide.

SpectroCoin allows its users to take advantage of a European personal IBAN service – clients can quickly and easily open an IBAN account at our partner UAB Pervesk and dedicate it to SpectroCoin services by linking it with their SpectroCoin wallet. A dedicated IBAN at SpectroCoin enables users to make deposits and withdrawals, payments for services and utilities, and more in their own name directly to and from their SpectroCoin blockchain wallet without having to make transactions with other financial institutions.

The European dedicated IBAN account also allows users to make deposits and withdrawals via the Single European Payments Area (SEPA) network. SEPA includes EU countries and Norway, Liechtenstein, Iceland, Switzerland, Monaco, and the United Kingdom.

To learn more about SpectroCoin dedicated IBAN, visit our FAQ pages or the blog