Crypto.com and Ingenico Partner to Bring Crypto Payments to Retailers Worldwide

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As a seasoned crypto investor with a keen eye for market trends and potential game-changers, I must say that the collaboration between Crypto.com and Ingenico is undeniably a significant leap forward in the crypto space. Having navigated through numerous market fluctuations and witnessed countless projects promising the moon and delivering a crater, this partnership stands out as a beacon of practicality and real-world application.

Crypto.com, a company providing digital asset services headquartered in Singapore, has teamed up with Ingenico to make it possible for common retailers to accept cryptocurrencies as a form of payment. This collaboration represents an important step towards making crypto a viable choice for everyday spending.

On November 5, the company declared that this collaboration enables merchants connected within Ingenico’s system to process cryptocurrency transactions using a freshly developed platform solution, just as effortlessly as they handle conventional payment methods. This partnership could speed up the global embrace of digital currencies.

Ingenico to Debut Its New Payment Solution Next Year

The recently unveiled payment method, aptly named “plug-and-play,” is designed to facilitate transactions for retailers. With this integration, merchants will now be able to accept cryptocurrency payments and immediately convert them into their preferred local currencies such as the US dollar, Euro, Pound Sterling, or Australian Dollar. This feature effectively mitigates currency risk for businesses.

As a crypto investor, I’m excited about Ingenico’s latest payment solution. This innovation allows merchants to harmonize their payment methods across multiple devices, which means managing cryptocurrencies along with cash and card transactions becomes seamless and intuitive for everyone involved.

Based on the recent announcement, Ingenico is negotiating with major merchants backed by Crypto.com regarding the possibility of implementing a newly developed crypto-based payment system they’ve created. The company intends to launch this system during its trial phase in early 2025, initially focusing on key markets like North America, Europe, the United Kingdom, Asia, and Australia.

Through this partnership, merchants and their customers who make purchases using Crypto.com’s payment system (Crypto.com Pay) will receive benefits, such as rewards for every transaction made. This incentive could stimulate more people to consider cryptocurrency as an attractive option for transactions.

A New Milestone in Payment Solutions

Beyond the “ready-to-use” option, Ingenico offers a merchant wallet connected directly to its AXIUM Android devices. This wallet simplifies the management of merchants’ transactions by allowing them to handle both cryptocurrency and traditional currency payments all in one convenient location.

Crypto.com and Ingenico are working towards making cryptocurrency transactions commonplace in retail settings. Eric Anziani, President and COO of Crypto.com, underscored their dedication to moving crypto from online platforms into the physical world. This integration will enable more individuals to interact with the growing digital economy in a tangible manner.

According to Ingenico CTO Patrick Blanc, this partnership represents a significant advancement in the realm of payment solutions, one that he thinks will establish a novel global standard for the interaction between digital currencies and commerce.

As a crypto investor, I’m thrilled about our partnership with Crypto.com. This alliance is set to revolutionize the way we make payments, effortlessly incorporating cryptocurrency transactions into everyday commercial settings. This collaboration signifies a significant milestone for merchant services globally, establishing a fresh benchmark in cutting-edge payment solutions and propelling commerce into the future.

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2024-11-05 15:18