crypto-news-flash.com
- Crypto.com and Ingenico are actively engaging top merchants for a live pilot in early 2025, aiming to make crypto payments more accessible across regions.
- Ingenico’s “plug-and-play” solution, connected via the AXIUM Android terminals, will simplify merchant interactions with crypto payments.
In an announcement earlier today, November 5, the leading crypto trading platform Crypto.com entered into a partnership with Ingenico, a global player for payment acceptance and services. As part of this partnership, the crypto exchange will bring crypto payments and merchant services to the Ingenico platform worldwide.
This innovative plug-and-play solution from Ingenico will allow its merchants to accept crypto payments smoothly and securely. This way, it will be able to cater to the demands of all of its 680 million users worldwide.
Through this partnership, Ingenico merchants can now accept crypto payments and receive settlements directly in their local currency—such as EUR, GBP, AUD, or USD—without any currency risk.
Also, the key reason behind this offering is Ingenico’s new merchant wallet, which connects to AXIUM Android terminals. This will help to streamline merchant interactions with crypto and other essential services. Moreover, this functionality will give merchants added flexibility while allowing them to integrate crypto payments along with their existing systems easily. Speaking on this development, Patrick Blanc, CTO of Ingenico, said:
“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, setting a new standard for innovative payment solutions that are moving commerce forward.”
During the last month of October, Crypto.com registered $139 billion worth of trades registering its best monthly performance. Under the able leadership of Kris Marszalek, the exchange has managed to capture a larger market share.
Crypto.com and Ingenico Partnership Brings A Lot More
Apart from just streamlining crypto payments, the partnership between Crypto.com and Ingenico extends even beyond. Consumers using Crypto.com Pay can earn rewards for transactions while Ingenico will provide merchants with additional services associated with the terminal. This will also allow merchants to manage their payments and services just over the mobile and tablet devices.
This collaborative solution seeks to mainstream crypto payments in everyday retail, making crypto adoption more accessible, quicker, and resilient. Backed by Crypto.com, Ingenico is in active talks with top merchants and plans to launch a live pilot with select partners in Q1 2025. This cutting-edge solution will roll out across multiple regions, including the U.S., Canada, the EEA, the UK, Asia, and Australia. Speaking on this development, 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 and our partnership with Ingenico will go a long way to bringing crypto out of the web and increase its adoption as a powerful payment tool. Crypto.com Pay is a secure and scalable technology, offering our customers yet another innovative way to interact with cryptocurrency – as the future of payments.
The cryptocurrency exchange has also been fighting a legal battle with the US SEC. Following the agency’s Wells Notice, the exchange filed a counter lawsuit against the regulator, reported CNF.