global money platform nium Partnered with B2B2C crypto infrastructure platform zero hash This is a partnership that will enable Nium’s US customers to leverage cryptocurrencies for fiat payment solutions.
According to Wednesday (October 26) news releasethe collaboration will also allow Nium customers to buy and sell crypto, made possible through application programming interface (API) integration with Zero Hash’s platform.
“Crypto definitely plays an important role in the B2B space, and companies are actively looking for new ways to differentiate their core offerings.” Joaquin Ayuso de PaulThe head of Nium Crypto and Web3 said in the release:
“By embedding products such as cryptocurrency investments and cryptocurrency payments, businesses can create new revenue streams and stay ahead of the competition.”
Nium says its platform is one of the first to combine “the power of a trusted payment network with the decentralized and agile crypto rail”.
The partnership will use Zero Hash’s crypto-as-a-service infrastructure to remove the technical and regulatory complexity from crypto-to-fiat conversion, providing liquidity, settlement, custody and compliance infrastructure. Crypto-based products such as Structure can be launched.
Earlier this week, PYMNTS master Card To support financial institutions that wish to offer white-label cryptocurrency trading and custody services to their customers.
A recent survey by a major card payment giant showed that 60% of consumers are interested in banks that offer cryptocurrency services. Raj DamodaranMastercard’s Executive Vice President of Blockchain and Digital Asset Partnerships and Digital Partnerships told PYMNTS’ Karen Webster:
“Cryptocurrencies are maturing and more and more consumers are interested in investing in cryptocurrencies as an asset class.”
“This has happened the same in the world of stock trading and investing,” Damodaran said. “We used to have individual companies offering trading, but now all financial institutions offer stock trading as part of their portfolio of financial services.”
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