KEY TAKEAWAYS
- Ingenico partners with Crypto.com to launch a new crypto payment solution, enhancing merchant services globally.
- The collaboration allows Ingenico merchants to accept cryptocurrency payments securely, with settlements in local currencies.
- Ingenico’s new merchant wallet integrates with AXIUM Android terminals, simplifying crypto transactions for merchants.
- The partnership aims to normalize crypto payments in retail, with a pilot launch planned for Q1 2025 in multiple regions.
Ingenico, a global leader in payment acceptance and services, has announced a strategic partnership with Crypto.com, a prominent crypto trading platform, to introduce a new crypto payment solution. This collaboration aims to integrate crypto payments and merchant services into the Ingenico platform worldwide, as detailed here.
The partnership will enable Ingenico merchants to accept cryptocurrency payments seamlessly and securely. This ‘plug-and-play’ solution is designed to meet the needs of over 680 million consumers, allowing merchants to receive funds settlement in their local currency without currency risk. Supported currencies include EUR, GBP, AUD, and USD.
Central to this offering is Ingenico’s new merchant wallet, which is connected to AXIUM Android terminals. This integration simplifies merchant interactions with the crypto world and other key services, providing flexibility and ease in incorporating crypto alongside existing payment systems.
Expanding Crypto Payment Capabilities
Beyond crypto payments, the partnership extends to additional services. Crypto.com Pay allows consumers to earn rewards for transactions, while Ingenico offers merchants enhanced services linked to the terminal. This enables merchants to manage payments and services through mobile and tablet devices.
The joint solution aims to normalize crypto payments for real-world retail experiences, making crypto adoption more accessible and robust. Ingenico is actively engaging with leading merchants, supported by Crypto.com, and plans to initiate a live pilot with selected partners in Q1 2025. The solution will be available in regions including the U.S., Canada, the EEA, the UK, Asia, and Australia.
Industry Leaders Comment on the Partnership
Patrick Blanc, CTO of Ingenico, stated, “Our partnership with Crypto.com will redefine the payments landscape by seamlessly integrating crypto payments into commerce environments. This collaboration marks a pivotal moment for merchant services worldwide.”
Eric Anziani, President & COO of Crypto.com, added, “We are on a mission to make it easier for people to use cryptocurrency in real-world payment scenarios. Our partnership with Ingenico will significantly enhance crypto adoption as a powerful payment tool.”
Merchants interested in participating in the pilot or learning more about Crypto.com Pay can contact Ingenico directly. Ingenico will showcase a live demonstration of its new crypto payment solution at the Singapore Fintech Festival from November 6-8, 2024, at Hall 3, Booth #3G05.
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