Blocktrade, an asset marketplace and trading platform, has revealed a significant update that makes purchasing cryptocurrency at retail locations simpler than ever. Any business may now accept payments in a variety of cryptocurrencies and promptly have euros transferred into their accounts thanks to the new capability.
Users may now pay with more than 60 different cryptocurrencies using the Blocktrade mobile app thanks to a partnership with technology vendor SKAi2. Depending on the cryptocurrency used to make the purchase, consumers will get 5% cashback for each purchase, with the possibility of earning up to 25% more in BTEX, a Blocktrade token.
Currently, SKAi2 is releasing a new generation of point-of-sale terminals for stores. This system allows businesses to accept cryptocurrency transactions in addition to more conventional payment methods like credit and debit.
Although other providers have previously made it possible for merchants to accept cryptocurrency, the “Pay with Blocktrade” feature stands out since it is the first to allow merchants to process cryptocurrency payments right away, removing the risk associated with cryptocurrency volatility.
The payments will be handled just like any other credit or debit card transaction, with the cryptocurrency amount being instantly converted to euros. The cryptocurrency funds will be credited to the retailer’s account immediately, as opposed to credit card payments, which may take several days to complete.
The quickest, easiest, safest, and most efficient way for shops to take cryptocurrency payments is via Pay with Blocktrade. It takes only ten seconds to complete the transaction. The ability to accept cryptocurrency will help retailers, and customers will be able to utilize their savings to pay for common items quickly and easily using the Blocktrade mobile app. Customers will have the option of paying with any cryptocurrency stored in their Blocktrade wallet.
The feature sets it apart from rival alternatives, which are not only very bulky and unreliable but also very sluggish, and often disadvantage merchants due to the very unstable conversion prices of most cryptocurrencies.
Christian Niedermueller, CEO at Blocktrade stated:
“This is a milestone achievement for Blocktrade as we introduce the ‘Pay with Blocktrade’ feature in partnership with SKAi2. This feature will enable seamless integration of cryptocurrencies into everyday life transactions, which is a significant step towards crypto mass adoption.
We are combining innovative payment terminal hardware with cutting-edge software to provide a simple solution for merchants and an engaging, experience for consumers.
Our efforts are breaking new ground in the crypto industry, signaling our commitment to redefining how digital assets integrate into mainstream commerce.”
With the release of Blocktrade 4.0, Pay with Blocktrade is now being implemented by 10,000 merchants by the end of the Q1 2024, eyeing over 100,000 merchants using it by the end of the year. Go to Blocktrade.com to find out more about Blocktrade and how to pay with it.
