In a significant development for the financial landscape, Ingenico and Crypto.com have announced a partnership aimed at integrating cryptocurrency payment solutions for merchants worldwide, including those in Portugal. This collaboration is set to empower businesses to accept crypto payments seamlessly, catering to the growing demand for digital currency transactions.
Transformative Payment Technology
The partnership introduces Ingenico’s new merchant wallet, which connects to AXIUM Android terminals. This innovative technology allows merchants to accept cryptocurrency payments while mitigating currency risk by settling in their local currency, such as EUR, GBP, AUD, or USD. This feature is designed to enhance the user experience for both merchants and consumers, making crypto transactions more accessible.
Expanding Benefits for Merchants and Consumers
Beyond just facilitating crypto payments, the collaboration offers additional benefits:
- Consumer Rewards: Through Crypto.com Pay, consumers can earn rewards for their transactions, incentivizing the use of cryptocurrency in everyday purchases.
- Enhanced Merchant Services: Ingenico provides merchants with tools to manage payments and services via mobile and tablet devices, streamlining operations and improving efficiency.
This joint solution aims to normalize crypto payments in retail environments, making it easier for consumers to engage with digital currencies in their daily lives.
Future Roadmap and Global Reach
Ingenico is actively engaging with leading merchants to prepare for the live pilot launch in Q1 2025. The solution will be available in multiple regions, including:
- United States
- Canada
- European Economic Area (EEA)
- United Kingdom
- Asia
- Australia
Patrick Blanc, CTO of Ingenico, emphasized the transformative potential of this partnership, stating that it will redefine the payments landscape by integrating crypto payments into commerce environments. Eric Anziani, President & COO of Crypto.com, echoed this sentiment, highlighting the mission to facilitate real-world cryptocurrency usage.
Live Demonstration at Singapore Fintech Festival
Ingenico will showcase its new crypto payment solution at the Singapore Fintech Festival, scheduled for November 6-8, 2024. Attendees will have the opportunity to see firsthand how cryptocurrency can be seamlessly integrated into retail payments, providing a glimpse into the future of payment technology.
Conclusion
The partnership between Ingenico and Crypto.com marks a pivotal moment in the evolution of payment solutions, particularly in Portugal and beyond. As businesses increasingly seek to adopt innovative payment methods, this collaboration is set to pave the way for a more inclusive and efficient financial ecosystem, where cryptocurrency plays a central role in everyday transactions.