Global payment orchestration platform BlueSnap has partnered with BitPay, a bitcoin and cryptocurrency payment services provider, to improve access to crypto business payments.
Through the deal, businesses will be able to accept and get paid out in up to 15 cryptocurrencies and seven fiat currencies globally. This deal is also part of BlueSnap mission to help businesses across the globe increase their revenue and reduce costs.
Cryptocurrencies included in the service are bitcoin, dogecoin, shiba Inu, ethereum, bitcoin cash, apecoin, Litecoin, wrapped bitcoin and ripple. It also includes five USD-pegged stable coins (BUSD, DAI, GUSD, USDC, and USDP) and 1 EURO-pegged stable coin (EUROC).
The companies claim that businesses who accept crypto payments benefit from lower processing costs, access to new customers and no chargebacks.
The partnership will also allow customers to accept crypto and be paid out in fiat currencies including EURO, GBP, USD, PESO, CAD, AUD, NZD.
BlueSnap EU MD Nihkhita Hyett said, ?Our partnership with BitPay comes at a perfect time. Consumers across Europe, especially those in Ireland are growing more crypto curios. By working with one of the most well-respected crypto companies in the industry, well be able to make the new payment experience as frictionless as possible.
?We look forward to making a real impact in this new space – through developing technologies like blockchain and cryptocurrency – as we foster greater innovation in payments, and further our growth across Europe.p>
Last year, flexible office space provider WeWork revealed it would accept payment in select cryptocurrencies after entering a partnership with BitPay and Coinbase.
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