{"id":11748,"date":"2022-04-07T10:49:31","date_gmt":"2022-04-07T10:49:31","guid":{"rendered":"https:\/\/financialtelegraph.in\/index.php\/2022\/04\/07\/indian-founded-payments-unicorn-nium-adds-crypto-payment-acceptance-to-suite-of-embedded-crypto-services-for-global-businesses\/"},"modified":"2022-04-07T10:49:31","modified_gmt":"2022-04-07T10:49:31","slug":"indian-founded-payments-unicorn-nium-adds-crypto-payment-acceptance-to-suite-of-embedded-crypto-services-for-global-businesses","status":"publish","type":"post","link":"https:\/\/financialtelegraph.in\/index.php\/2022\/04\/07\/indian-founded-payments-unicorn-nium-adds-crypto-payment-acceptance-to-suite-of-embedded-crypto-services-for-global-businesses\/","title":{"rendered":"Indian founded payments unicorn \u2018Nium\u2019 Adds Crypto Payment Acceptance to Suite of Embedded Crypto Services for Global Businesses"},"content":{"rendered":"
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New Delhi (India), April 6<\/strong>: Founded by Prajit Nanu, Nium has grown from strength to strength as the global platform for modern money movement. It provides banks, payment providers, and businesses of any size with access to global payment and card issuance solutions. Its modular platform powers frictionless commerce, helping businesses pay and get paid across the globe, across more than 100 currencies to over 190 countries \u2013 85 of which in real time.<\/p>\n

Nium Crypto Accept allows businesses to accept online payments in crypto, convert crypto to fiat, and settle payments in preferred local currencies\u00a0<\/strong><\/p>\n

At\u00a0BITCOIN 2022<\/a>\u00a0(a four day event in Miami featuring the world’s largest gathering of bitcoiners)\u00a0Nium<\/a>, the global platform for modern money movement, unveiled\u00a0Crypto Accept<\/a>, an API-based solution that enables global businesses to accept crypto payments.\u00a0Nium Crypto Accept supports Bitcoin (BTC) and Ethereum (ETH) payments at launch, with plans for more currencies in 2023.<\/strong>\u00a0Online merchants can accept payments in crypto with zero price volatility or risk. Settlement happens next business day in USD or another leading fiat currency – directly to their bank account.<\/p>\n

Nium Crypto Accept enables merchants to broaden their customer base and enhance their online payment experiences, while staying protected from the price volatility of cryptocurrency markets. Merchants will begin rolling out Nium-powered solutions later this year.<\/p>\n

\u201cConsumers hold more than $3 trillion in cryptocurrency and are looking for more places to spend this money online,\u201d said Joaquin Ayuso de Paul, Senior Vice President and Head of Nium Crypto. \u201cCrypto Accept allows merchants to quickly and securely enhance their digital commerce experiences to serve consumers demanding more payment options.\u201d<\/p>\n

Nium has partnered with BitPay, the world\u2019s largest provider of Bitcoin and cryptocurrency payment services, to enable this safe and easy way to embed crypto payments online for thousands of merchants. At checkout consumers will select their preferred crypto wallet and scan a Quick Response (QR) code to complete their transaction. The service verifies availability of crypto funds and settles the transaction promptly in the merchant\u2019s bank account in their preferred local currency.<\/p>\n

\u201cBitPay\u2019s partnership with Nium connects our network to the Nium rails to enable a fast, safe, and easy way for merchants to embed crypto payments into their online business,\u201d said Stephen Pair, co-founder and CEO of BitPay. \u201cTogether, we\u2019re making it possible for customers to live life on crypto with more options to spend their crypto with the businesses they know and trust.\u201d<\/p>\n

This announcement follows close on the heels of Nium announcing the\u00a0appointment of Dylan Lowrey, to General Counsel. Lowrey joined Nium in 2021 as Head of Regulatory Affairs and Product Law and has helped the company launch new services in complex emerging markets, while expanding the company\u2019s global license portfolio. Lowrey is all set to lead Nium\u2019s legal, regulatory and policy teams and focus on working within regulatory frameworks to expand the company\u2019s global reach.<\/p>\n

The launch of Nium Crypto Accept at Bitcoin 2022 also follows Nium\u2019s announcement of a comprehensive suite of Crypto services accessed via API.\u00a0\u00a0The company\u2019s first service,\u00a0Crypto Invest<\/a>, allows financial institutions to offer their customers the ability to buy, sell, and hold the most popular digital currencies from their financial apps. For more information on Nium Crypto Services, visit\u00a0https:\/\/www.nium.com\/platform\/crypto<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

New Delhi (India), April 6: Founded by Prajit Nanu, Nium has grown from strength to strength as the global platform for modern money movement. It provides banks, payment providers, and … Read More<\/a><\/p>\n","protected":false},"author":1,"featured_media":11749,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[448],"class_list":["post-11748","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business","entry"],"_links":{"self":[{"href":"https:\/\/financialtelegraph.in\/index.php\/wp-json\/wp\/v2\/posts\/11748","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/financialtelegraph.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/financialtelegraph.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/financialtelegraph.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/financialtelegraph.in\/index.php\/wp-json\/wp\/v2\/comments?post=11748"}],"version-history":[{"count":0,"href":"https:\/\/financialtelegraph.in\/index.php\/wp-json\/wp\/v2\/posts\/11748\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/financialtelegraph.in\/index.php\/wp-json\/wp\/v2\/media\/11749"}],"wp:attachment":[{"href":"https:\/\/financialtelegraph.in\/index.php\/wp-json\/wp\/v2\/media?parent=11748"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/financialtelegraph.in\/index.php\/wp-json\/wp\/v2\/categories?post=11748"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/financialtelegraph.in\/index.php\/wp-json\/wp\/v2\/tags?post=11748"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}