Crypto.com and Ingenico, a global provider of merchant payment solutions, have partnered to offer Ingenico merchants cryptocurrency payment options.
The partnership aims to expand merchant services and cryptocurrency payments to the Ingenico platform globally. In order to satisfy the demands of more than 680 million customers, this “plug-and-play” solution will enable Ingenico merchants to securely and easily accept cryptocurrency payments.
The partnership comes at a time when crypto option trading has been a popular suite among many investors. A type of derivative contract known as a “crypto option” gives investors the right to purchase or sell a particular cryptocurrency, like Bitcoin, at a predefined price and date.
With this cutting-edge financial tool, traders can profit from changes in the market without actually owning the underlying asset.
Ingenico Merchants To Avail Services In Local Currency
Though the means of the partnership, Ingenico merchants can now accept cryptocurrency payments and receive funds settlement in their local currency, such as USD, EUR, GBP, or AUD, without having to worry about currency risk.
Additionally, merchants can now benefit from the ease and flexibility of integrating cryptocurrency with their current payment systems thanks to this new functionality.
Patrick Blanc, CTO of Ingenico, remarked, “Our partnership with Crypto.com will redefine the payments landscape by seamlessly integrating crypto payments into commerce environments. This collaboration marks a pivotal moment for merchant services worldwide, setting a new standard for innovative payment solutions that are moving commerce forward.”
Collaboration To Go Beyond Crypto Payments
The collaboration between Ingenico and Crypto.com will also go beyond cryptocurrency payments. While Ingenico will offer merchants extra services connected to the terminal, enabling merchants to handle payments and services via mobile and tablet devices, Crypto.com Pay will allow customers to earn rewards for transactions.
By standardizing cryptocurrency payments for in-store experiences, this collaborative solution seeks to facilitate, accelerate, and strengthen the adoption of cryptocurrency.
Ingenico Signs Other Deals To Facilitate Global Payments
Ingenico’s today’s deal announcement comes after it has already signed multiple deals with other firms for a globalized crypto payment method.
One such previous partnership, OMNIQ Corp, a supplier of supply chain management solutions and artificial intelligence (AI)-based image processing technologies, announced a non-exclusive agreement with Ingenico. Under that deal OMNIQ Corp said that it will use Ingenico’s payment solutions in conjunction with its creative fintech software.
By combining Ingenico’s worldwide payment experience with OMNIQ’s AI-driven technological solutions, the partnership seeks to improve and expedite payment across multiple industries.