By Edlyn Cardoza
BlueSnap, a global payment orchestration platform for leading B2B and B2C businesses, announced a new partnership with BitPay, a global provider of Bitcoin and cryptocurrency payment services. This product partnership will allow businesses to accept and get paid out in up to 15 different cryptocurrencies and seven fiat currencies globally and supports BlueSnap’s mission to help businesses across the globe increase their revenue and reduce costs.
“As many as 85 percent of major retailers already accept some form of crypto payment, and even small businesses are picking up on the trend with one-third of SMBs beginning to accept crypto. Together, BitPay and BlueSnap will bring this popular payment method to more businesses and consumers globally,” said Merrick Theobald, Vice President of Marketing at BitPay. “We are proud to work with BlueSnap on this partnership, especially as more businesses adopt this growing trend of accepting cryptocurrencies as payment for products and services.”
As a result of this partnership, businesses will be able to accept and get paid out in leading cryptocurrencies, including Bitcoin (BTC), Bitcoin Cash (BCH), ApeCoin (APE), Dogecoin (DOGE), Ethereum (ETH), Litecoin (LTC), Shiba Inu (SHIB), Wrapped Bitcoin (WBTC), Ripple (XRP), as well as 5 USD-pegged stablecoins (BUSD, DAI, GUSD, USDC, and USDP) and 1 EURO-pegged stable coin (EUROC). Because crypto protocols are global by default, adding cryptocurrency acceptance and payout will help BlueSnap’s customers conduct business with key stakeholders worldwide more seamlessly. Businesses that accept crypto payments also benefit from lower processing costs, access to a new customer base and no chargebacks. The partnership will allow customers to accept crypto and be paid out in fiat currencies, including USD, EURO, GBP, PESO, CAD, AUD, and NZD.
“We are excited to partner with BitPay, one of the most well-respected crypto companies in the industry,” said Ralph Dangelmaier, CEO of BlueSnap. “Our work together further supports BlueSnap’s strategic growth, and we are eager to make an impact in this new space. We look forward to driving further payments innovation through growing technologies like blockchain and cryptocurrency.”