Global payment acceptance service Ingenico has agreed a new partnership with Crypto.com to enable crypto payments on its payment terminals.
The ‘plug-and-play’ crypto payment solution will be available to Ingenico merchants and 680 million consumers. Merchants can now accept and settle funds in USD, EUR, GBP, and AUD to their preferred cryptocurrency.
At the heart of the partnership is the Ingenico new merchant wallet, which is connected to AXIUM Android terminals to simplify merchant interactions with the crypto sector and other key services.
The new functionality also enables more flexibility to merchants and ease of integrating crypto alongside existing payment systems.
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.”
Furthermore, the Crypto.com and Ingenico partnership extends beyond crypto payments. Crypto.com Pay will also be available to consumers to earn rewards for transactions, while Ingenico provides merchants with additional services linked to the terminal, allowing merchants to manage payments and services through mobile and tablet devices.
This joint solution aims to further simplify crypto payments for real-world retail experiences to make crypto adoption “simpler, faster, and more robust”.
The roll out of the Ingenico and Crypto.com partnership will begin in Q1 2025, initially available to the US, Canada, EEA, the UK, Asia and Australia. Ingenico will showcase the crypto payment solution for the first time at the Singapore Fintech Festival from November 6-8 2024.
Eric Anziani, President and 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.”
This latest partnership between a global leader in payment acceptance and one of the world’s largest cryptocurrency exchanges represents a new opportunity for crypto payments to be accepted by mainstream and largescale merchants.
