Cross-border payments firm Nium announces the launch of Crypto Accept, an API-based solution that allows businesses all around the world to accept cryptocurrency payments. The launch is in partnership with crypto payments processor BitPay.
Nium revealed the news during the Bitcoin conference happening in Miami right now. Nium Crypto Accept currently accepts Bitcoin and Ethereum payments, with plans to add more tokens in 2023.
Cryptocurrency payments can be accepted by online merchants with no price volatility or risk. The settlement is made the following business day in USD or another major fiat currency, and it is made immediately to their bank account.
Joaquin Ayuso de Paul, Senior Vice President and Head of Nium Crypto, stated “Crypto Accept allows merchants to quickly and securely enhance their digital commerce experiences to serve consumers demanding more payment options.”
Nium has teamed with BitPay to provide a secure and simple solution for thousands of merchants to accept cryptocurrency payments online. Users will select their preferred crypto wallet at checkout and finish their transaction by scanning a QR code.
The service confirms the availability of cryptocurrency money and settles the transaction in the merchant’s bank account in their selected local currency as soon as possible.
Stephen Pair, co-founder and CEO of BitPay added “BitPay’s partnership with Nium connects our network to the Nium rails to enable a fast, safe, and easy way for merchants to embed crypto payments into their online business.”
Nium Crypto Accept allows merchants to expand their customer base and improve their online payment experiences while being shielded from bitcoin market price volatility. Nium-powered solutions will be rolled out by merchants later this year.
In February, UNIFY Financial Credit Union became the first credit union to offer crypto services to its members. UNIFY customers will now be able to buy, sell, and HODL bitcoin alongside their traditional accounts within the online banking platforms.
