BlueSnap, a global payment orchestration platform of choice for leading B2B and B2C businesses, announced a partnership with BitPay, which claims to be the largest provider of Bitcoin and cryptocurrency payment services.
This product partnership will “give businesses the ability 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.”
Merrick Theobald, Vice President of Marketing at BitPay, said:
“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. 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 stable coins (BUSD, DAI, GUSD, USDC, and USDP) and 1 EURO-pegged stable coin (EUROC).”
Because crypto protocols are global by default, “the addition of cryptocurrency acceptance and payout will help BlueSnap’s customers conduct business with key stakeholders around the world more seamlessly.”
Businesses who accept crypto payments also “benefit from lower processing costs, access to a new customer base and no chargebacks.” The partnership will also “allow customers to accept crypto and be paid out in fiat currencies including USD, EURO, GBP, PESO, CAD, AUD, NZD.”
Ralph Dangelmaier, CEO of BlueSnap, remarked:
“We are excited to partner with BitPay, one of the most well-respected crypto companies in the industry. 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.”
As noted in the update, BlueSnap helps businesses “accept global payments a better way.”
Their Payment Orchestration Platform is “designed to increase sales and reduce costs for all businesses accepting payments.”
BlueSnap supports payments “across all geographies through multiple sales channels such as online and mobile sales, marketplaces, subscriptions, invoice payments and manual orders through a virtual terminal.”
