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.

Website | Twitter

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.

Website | Twitter

SOURCE

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

REQUEST AN ARTICLE

The post BlueSnap New Partnership with BitPay appeared first on Smart Liquidity Research.