BlueSnap partnership with Bitpay will enable companies to accept and be paid in up to 15 different cryptocurrencies and seven fiat currencies internationally, supporting BlueSnap’s objective to assist businesses around the world grow income and cut costs.

Partnership Highlights

Businesses will accept and be paid in leading cryptocurrencies such as Bitcoin (BTC), Bitcoin Cash (BCH), ApeCoin (APE), Dogecoin (DOGE), Ethereum (ETH), Litecoin (LTC), Shiba Inu (SHIB), Wrapped Bitcoin (WBTC), Ripple (XRP), and 5 USD-pegged stablecoins (BUSD, DAI, GUSD, USDC, and USDP), as well as 1 EURO-pegged (EUROC).

Because crypto protocols are global by default, the inclusion of cryptocurrency acceptance and payout will make it easier for BlueSnap’s clients to conduct business with critical stakeholders all over the world. However, businesses that accept cryptocurrency payments benefit from decreased processing costs, fresh client acquisition, and no chargebacks. Hence, customers will also be able to take crypto and compensate in fiat currencies. Such as USD, EURO, GBP, PESO, CAD, AUD, and NZD as a result of the relationship.

Management Quote

“As many as 85 percent of major retailers already accept some form of crypto payment, and even small businesses are picking up on the trend with one-third of SMBs beginning to accept crypto. Together, BitPay and BlueSnap will bring this popular payment method to more businesses and consumers globally,” said Merrick Theobald, Vice President of Marketing at BitPay. “We are proud to work with BlueSnap on this partnership, especially as more businesses adopt this growing trend of accepting cryptocurrencies as payment for products and services.”

“We are excited to partner with BitPay, one of the most well-respected crypto companies in the industry,” said Ralph Dangelmaier, CEO of BlueSnap. “Our work together further supports BlueSnap’s strategic growth, and we are eager to make an impact in this new space. We look forward to driving further payments innovation through growing technologies like blockchain and cryptocurrency.”

About BlueSnap

BlueSnap’s Payment Orchestration Platform, designed to increase sales and reduce costs for all businesses accepting payments. With one integration and contract, businesses can sell in over 200 regions with access to local card acquiring in 47 countries. BlueSnap, backed by world-class private equity investors, including Great Hill Partners and Parthenon Capital Partners.

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About Bitpay

BitPay’s mission is to transform how businesses and people send, receive, and store money. The company has offices in North America, Europe, and South America. BitPay has raised more than $70 million in funding from leading investment firms including Founders Fund, Index Ventures and Virgin Group.

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SOURCE

https://www.prnewswire.com/news-releases/bluesnap-partners-with-bitpay-to-offer-cryptocurrency-acceptance-and-payout-301648197.html

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This $4.8M raised by qiibee is to expand its Global Footprint, led by Z5 Capital and Mainardo de Nardis, Former Executive Vice-Chairman of Omnicom Media Group and CEO of OMD Worldwide.

The successful raise also saw participation from other high-profile investors including digital advertising group Meet The People; Ben Davey, former CEO of Barclays Venture; Mainardo de Nardis, Former Executive Vice-Chairman of Omnicom Media Group and CEO of OMD Worldwide; and Phil Rubin, founder of Grey Space Matters and rDialogue (sold to Bond Loyalty). Indeed, it demonstrates their unwavering commitment and belief in qiibee. Existing investors R/GA Ventures also participated.

Introduction to qiibee

Founded by two brothers Gabriele and Gianluca Giancola, the Swiss company is setting the gold standard for brands to connect their loyalty programs through blockchain and scale partnership networks efficiently. qiibee has earmarked funds secured during this round for the growth of its global team. In addition, the investment will bolster the company’s plans for expansion into other priority markets such as North America.

qiibee’s CEO and Co-founder, Gabriele Giancola said, “In creating qiibee, we set out with the mission to unlock the purchasing power of the global rewards economy by making all rewards exchangeable through our blockchain-based B2B rewards marketplace. Allowing our clients to easily scale and expand their partner work by giving instant access to world-renowned brands, thousands of rewards, crypto, and NFTs, and connecting loyalty programs with millions of new members, that’s exactly what we are doing. Our goal is not just to facilitate the market, we want to lead this market to new heights. We could not be prouder to reach this new funding milestone, which will take us one step closer towards achieving our mission.”

Investor and founding partner at Z5 Capital, Arun Ramamoorthy, spoke about his reasons for investing in qiibee, stating: “In today’s loyalty market, users don’t have access to a diverse array of options when it comes to utilizing the loyalty points they are accumulating. qiibee is forcing brands to rethink their approach to customers, allowing users the choices they deserve, while also offering major brands access to the emerging blockchain market. We’re proud to invest in such an innovative company and are excited to see what the next few months and years will bring for qiibee.”

About qiibee

qiibee offers the leading blockchain-based B2B rewards marketplace with instant access to world-renowned brands, thousands of rewards, crypto, NFTs and millions of new members. However, loyalty programs connecting with their marketplace benefit from partner integration in one click. Zero reconciliation costs and increased security while boosting customer engagement and new member acquisition. Backed by leading VCs, strategic and angel investors with expertise in loyalty and Web3.0, qiibee’s mission is to unlock the purchasing power of the billion dollar rewards economy by making all rewards exchangeable and liquid.

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SOURCE

https://www.prnewswire.com/news-releases/qiibee-raises-4-8m-to-expand-global-footprint-301580621.html

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