Blocktrade and SKAi2 Offer a Complete Solution for Fast Crypto Payments

Key takeaways: 

• Blocktrade, an advanced digital asset marketplace, simplifies purchasing and selling cryptocurrencies with a user-friendly interface and diverse payment options.
• SKAi2 enhances Blocktrade’s services by offering advanced point-of-sale terminals for retailers, enabling them to accept both crypto and traditional payments.
• Blocktrade aims to expand its ‘Pay with Blocktrade’ feature to over 100,000 businesses by the end of 2024, marking a significant step in cryptocurrency acceptance.

Blocktrade is an advanced digital asset marketplace that makes it easy and free to purchase and sell cryptocurrencies. The platform stands out for having an easy-to-use interface, a variety of payment methods, savings programs, and excellent customer care.

Blocktrade’s constant focus on safety and regulatory compliance has helped it rise to an important ranking in the digital asset market since its founding in 2018. The platform counts over 5,000 class-B shareholders, places a high priority on openness, and is governed by EU regulations. Blocktrade guarantees complete compliance with AML 5 requirements as a licensed VASP (Virtual Asset Service Provider) with Estonian, Italian, and Slovenian regulators, demonstrating its dedication to a safe and legally compliant trading environment.

A Brand New Age for Retailers

Blocktrade made a big announcement in Luxembourg on January 24, 2023, revealing a major update that aims to make cryptocurrency payments for retailers easier. The cutting-edge function lets any retailer accept payments in numerous cryptocurrencies with ease and get euros paid into their accounts promptly. Using the help of technology vendor SKAi2, users of Blocktrade’s mobile app may now make payments using more than 60 different cryptocurrencies. Customers receive up to 25% extra cashback in Blocktrade’s native token, BTT, on top of a 5% reward on every purchase, depending on the cryptocurrency used.

SKAi2 is also providing shops with state-of-the-art point-of-sale terminal technology that enables them to accept cryptocurrency transactions in addition to conventional payment methods like credit and debit cards. ‘Pay with Blocktrade’ stands out in particular because it allows merchants to handle cryptocurrency payments right away, reducing the risks related to cryptocurrency volatility.

This approach guarantees quick and easy processing, similar to standard card transactions, with the amount of cryptocurrency promptly translated into euros. Cryptocurrency payments are instantly transferred into the retailer’s account, as opposed to credit card purchases, which take longer to process.

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Customers may use their crypto savings for regular purchases using the Blocktrade mobile app, and the entire transaction, which takes just 10 seconds, offers a smooth experience. This app appeals to both novices and seasoned traders, setting it apart from less dependable, slower, and more cumbersome options with unstable currency prices. Blocktrade CEO Christian Niedermueller praised this move as a major step forward in the wider acceptance of cryptocurrencies.

The launch of ‘Pay with Blocktrade’ aligns with the Blocktrade 4.0 update, and aspirational goals call for inclusion with 10,000 merchants by the end of 2024’s first quarter. By year’s end, it is anticipated that over 100,000 businesses will be included in this expansion.