From the online currency exchange office opened in Poland to the global financial services provider - Conotoxia Holding companies have come a long way in 10 years, constantly striving to develop and improve its services. Cinkciarz.pl, the company belonging to the Holding celebrated its 10th anniversary in 2020, and this is the right time to look back and recall the greatest achievements.
Launching the online currency exchange service
What seems to be quite obvious and common these days, in 2010 had an utterly groundbreaking nature. After years of living in a different system, with no open borders and no daily access to currencies other than the Polish zloty, Poles barely managed to get used to the private stationary exchange offices. Meanwhile, Cinkciarz.pl went one step further. It beat the competition by offering currency exchange through the Internet, without the need to leave home. It also offered rates much more favourable than the ones provided by banks, which was in high demand in the market. This applied both to entrepreneurs who needed currencies to settle international transactions, as well as to thousands of private recipients. Among the latter, a group of those repaying mortgages in Swiss francs was highlighted. Thanks to Cinkciarz.pl they could make significant savings on each monthly instalment.
Currencies from all over the world
At the beginning of its activity, Cinkciarz.pl introduced, twelve currencies: the euro, the US dollars, the Polish zloty, the Australian and Canadian dollars, the pound, the already mentioned franc, the yen, the Czech koruna, the Swedish krona, the Norwegian and the Danish krone.
However, when the world of travel, business and international shopping opened up for Poles, the demand for other currencies was greater. Cinkciarz.pl reacted promptly to such signals, almost every year expanding its offer. This process is still going on today. During the 10th anniversary year of the company, the Serbian dinar joined the list of available currencies.
Today, financial portal found at cinkciarz.pl or conotoxia.com makes available as many as 28 currencies from different parts of the world, in addition to those listed already: the South African rand, the dirham of the United Arab Emirates, the Thai baht or the Mexican peso.
Conotoxia.com on your smartphone
10 years ago, the exchange of currencies through a computer seemed to be a pioneering move. However, the world, especially in the field of new technologies, is moving forward at an unprecedented pace. That's why we quickly became very fond of transactions made using mobile devices. In this area, Conotoxia.com is also among the leaders of the fintech market, providing their customers with applications for all the most popular systems in smartphones. The constantly updated and improved products guarantee full access to services, but also intuitive, fast, convenient and secure transactions. A certain fact best proves the point that they are successful. The Conotoxia app used for currency exchange exceeded the threshold of 2.1 million downloads.
Launch of Money Transfer service
A milestone in the development of Conotoxia Holding has become a transformation of a website specializing in online currency exchange into a portal providing various online financial services. These include, among others, international money transfers. Their biggest advantages are speed, security and a wide range of currencies. The sender can transfer the amount not only by the standard method, giving the recipient's bank account number. If they do not know it, all they have to do is to select the recipient's email address or phone number and the system will send a notification together with instructions on how to collect the transfer.
Conotoxia Pay - your partner on e-shopping
Online store operators and their customers can now use the online payment system Conotoxia Pay, another service in the portal's portfolio. It stands out against the competitive methods with access to nearly 30 currencies from around the world. Online traders will appreciate the simplicity and possibility of integrating the store with Conotoxia payments on their own. Their customers, on the other hand, will enjoy the security and speed of transactions as well as the "pay later" option, which allows them not to give up shopping when someone temporarily lacks the means to pay for it.
PayPal, Visa, MasterCard, bank transfers, etc., meaning a very long list of payment methods
While introducing the new services, the company made sure that its clients could comfortably and quickly pay for their transactions or fund their currency wallets with the use of the most modern solutions on the market. Payment methods available at Conotoxia.com, starting with funds from the currency wallet or traditional bank transfers, were extended almost every few months to reach several dozen methods including, e.g. Diners Club, American Express, Apple Pay, fast online transfers (Pay-By-Link), PayPal or Trustly. The full list of methods available at Conotoxia.com is given at https://conotoxia.com/payment-methods.
There is something for Forex investors too
How will exchange rates, precious metals, commodities prices or market indexes change? For those who feel strongly about the listed areas, the Forex market offers extensive investment opportunities. From several years they can enjoy Conotoxia’s innovative offer, enriched with educational and information service, available at https://forex.conotoxia.com/. It is provided by a licensed company belonging to Conotoxia Holding, Conotoxia Ltd., which, among others, defines its focus this way: "Everyone, regardless of experience or size of an investment portfolio, has exactly the same trading conditions as the largest investors. This makes a fundamental difference".
The start of the European conquest and...
Another breakthrough in the history of Conotoxia Holding took place when the services were offered beyond the Polish borders. Fintech created the international brand Conotoxia for this purpose, officially presented in 2015.
Under this brand, the portal provides services in 30 countries of the European Economic Area. Currency exchange or international money transfer can be ordered today, among other things, from Germany, Italy, France, the Netherlands. Complete list of countries is available: https://conotoxia.com/money-transfer/send-money-internationally.
... entry into the US market
It began with a bold vision, followed by the establishment of a dedicated company and its collection of licenses for financial activities in the various US states. In December 2019, Conotoxia entered the US through the state of Illinois, making money transfer services available to the residents of the state.
"Our service has already been successful in Europe. I am convinced that on the extremely competitive US market, although dominated by industry dinosaurs, there is also room for such a brave brand as Conotoxia," said Marcin Pioro, founder and president of Conotoxia Holding.
In less than two months after the company's debut in Illinois, money transfers became available to residents of 42 US states.
Conotoxia puts multi-currency cards on the table
Useful for travelling abroad and online shopping, where it is worth to pay in the currency used by the seller. However, payment cards can also be a good means for everyday transactions in stores and when withdrawing cash from ATMs - and multi-currency cards are the latest product on Conotoxia's offer.
It eliminates unnecessary formalities, fees for issuing and requirements about number or amount of transactions. In return, there is free access to 20 currency accounts and a virtual card option, which one can manage in the smartphone. With this product we simply cannot turn a blind eye to it.