Payments platform Nium has an API-based solution called "Crypto Accept", which aims to provide crypto payments to businesses worldwide.
The company said that Crypto Accept currently supports (BTC) and Ethereum (ETH) for payment and will launch more cryptocurrencies in 2023.
Nium is a fintech company that develops a global platform for business payment needs. It is also a payments platform redefining the way consumers and businesses of spending and receives funds across borders. Its goal is to make the movement of money seamless by being a universal plug for financial services.
Joaquin Ayuso de Paul, Senior Vice President and Head of Nium Crypto, said that:
“Consumers hold more than $3 trillion in cryptocurrency and are looking for more places to spend this money online, Crypto Accept allows merchants to quickly and securely enhance their digital commerce experiences to serve consumers demanding more payment options.”
Merchants or businesses can make crypto payments through Crypto Accept with zero price volatility or risk. And settle into the business's bank account the next business day in US dollars or other major fiat currencies.
Nium said the partnership with BitPay will provide thousands of merchants with a fast, secure and straightforward way to embed crypto payments into their online businesses.
Consumers can use a crypto wallet and scan a quick response (QR) code to complete the transaction.
BitPay, a US-based bitcoin payment service provider, allows buyers to make purchases using cryptocurrencies, such as Bitcoin, Ripple, Ether, and Bitcoin Cash and dollar-pegged stablecoins like USD Coin (USDC).
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