By Andrei Skvarsky.
Electronic payments companies Payger and Net Element, the former based in Munich and the latter in Miami, announced a partnership deal last week that, according to the two firms, offers retail shoppers wider opportunities to pay in cryptocurrencies.
Solutions developed by Payger, which runs a blockchain-based cryptocurrency-agnostic payment platform, make payments faster and cheaper to process, minimise fraud risks and ensure better protection of personal data, Payger and Net Element said in a joint statement.
Under the terms of the partnership agreement, Net Element, which specialises in mobile payments and value-added transactional services, would integrate this technology into its Netevia payment gateway, enabling “thousands of retailers” to accept crypto payments through mobile point-of-sale (mPOS) Poynt or PAX terminals, the statement said.
“Through this partnership we can now offer Net Element’s mPOS Poynt and PAX terminals to thousands of merchants in Europe and North America and enable them to accept cryptocurrencies as payments in their stores,” the statement quoted Payger founder and CEO Christoph Hering as saying.
PAX terminals will soon be able to accept multiple cryptocurrencies, including stablecoins, cryptos designed to be non-volatile, according to the statement.
“Combining our terminals with Payger’s technology will enable retailers to accept cryptocurrencies, and gives them real-time exchange rates to secure the pricing of traders,” said Net Element executive chairman and CEO Oleg Firer.
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