Indian founded payments unicorn ‘Nium’ Adds Crypto Payment Acceptance to Suite of Embedded Crypto Services for Global Businesses

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 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 – 85 of which in real time.

Nium Crypto Accept allows businesses to accept online payments in crypto, convert crypto to fiat, and settle payments in preferred local currencies 

At BITCOIN 2022 (a four day event in Miami featuring the world’s largest gathering of bitcoiners) Nium, the global platform for modern money movement, unveiled Crypto Accept, an API-based solution that enables global businesses to accept crypto payments. Nium Crypto Accept supports Bitcoin (BTC) and Ethereum (ETH) payments at launch, with plans for more currencies in 2023. Online 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.

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.

“Consumers hold more than $3 trillion in cryptocurrency and are looking for more places to spend this money online,” said Joaquin Ayuso de Paul, Senior Vice President and Head of Nium Crypto. “Crypto Accept allows merchants to quickly and securely enhance their digital commerce experiences to serve consumers demanding more payment options.”

Nium has partnered with BitPay, the world’s 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’s bank account in their preferred local currency.

“BitPay’s 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,” said Stephen Pair, co-founder and CEO of BitPay. “Together, we’re making it possible for customers to live life on crypto with more options to spend their crypto with the businesses they know and trust.”

This announcement follows close on the heels of Nium announcing the appointment 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’s global license portfolio. Lowrey is all set to lead Nium’s legal, regulatory and policy teams and focus on working within regulatory frameworks to expand the company’s global reach.

The launch of Nium Crypto Accept at Bitcoin 2022 also follows Nium’s announcement of a comprehensive suite of Crypto services accessed via API.  The company’s first service, Crypto Invest, 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 https://www.nium.com/platform/crypto.

Related Posts

Business Excellence Awards 2024 organized by Corporate Connect

New Delhi (India), May 25: It is time to recognize and celebrate the extraordinary business innovation and entrepreneurship achievements. Corporate Connect is thrilled to announce the winners of its highly…

IB Group Emerges as Top 5 Poultry Company in Asia

New Delhi (India), May 25: In a resounding testament to its remarkable growth trajectory, IB Group, in collaboration with Aviagen®, proudly announces a significant milestone: the acquisition of 100,000 Grandparent Poultry (GP) stock in a…

You Missed

Dr. Krishna Kumar Mourya ji has selflessly served cows for 20 years and has set a world record by conducting post-mortems of more than 3000 cows

  • May 25, 2024
Dr. Krishna Kumar Mourya ji has selflessly served cows for 20 years and has set a world record by conducting post-mortems of more than 3000 cows

Flomic Global Logistics Achieves Landmark Milestone with Make in India Gondola Freight Wagons Shipment to Africa

  • May 25, 2024
Flomic Global Logistics Achieves Landmark Milestone with Make in India Gondola Freight Wagons Shipment to Africa

Morepen Labs Profit surges 143 percent while Revenue grows 20 percent in FY24, Dr. Morepen Medical Devices sales soar by 35 percent

  • May 25, 2024
Morepen Labs Profit surges 143 percent while Revenue grows 20 percent in FY24, Dr. Morepen Medical Devices sales soar by 35 percent

Testronix Instruments Announces Revolutionary Testing Solutions

  • May 24, 2024
Testronix Instruments Announces Revolutionary Testing Solutions

SEO on a Budget, This Free Toolkit is All You Need

  • May 24, 2024
SEO on a Budget, This Free Toolkit is All You Need

Orientation Training Programme for Arb-Med

  • May 24, 2024
Orientation Training Programme for Arb-Med