Key Takeaways:
- Bitstamp, a leading cryptocurrency exchange, partners with Qi Digital to boost cryptocurrency payments, security, and adoption.
- The partnership aims to enable merchants to accept crypto traded on Bitstamp and allow banks and PSPs to offer crypto services.
- Qi Digital will offer seamless crypto transactions at checkout and provide connectivity with Bitstamp for banks and payment processors.
Bitstamp, one of the leading cryptocurrency exchanges, has announced a partnership with Qi Digital, a UK-based future-technology company. Qi specializes in advanced blockchain products and services.
Bitstamp, known for its secure, reliable platform and robust trading volume, has been an influential player in the cryptocurrency industry. The partnership with Qi Digital, a company committed to engineering innovative blockchain solutions, marks a significant milestone in the exchange’s growth trajectory.
This collaboration has ambitious objectives. From enabling merchants of all sizes to accept cryptocurrencies exchanged on Bitstamp, it aims to empower banks as well.
It will also empower payment service providers (PSPs), and other payment providers to offer crypto services to their customers. JB Graftieaux, CEO of Qi Digital, underscored the importance of this partnership, stating,
“As crypto continues to evolve and we get closer to mainstream adoption, this partnership signals the next step in helping mainstream audiences confidently approach digital assets, by providing seamless crypto transactions for businesses and their customers.”
By providing payment rails, Qi Digital allows digital wallet holders to pay for goods and services, thereby enabling business customers to accept crypto payments at checkout. Bitstamp will receive and convert these transactions into fiat for Qi’s business customers’ bank accounts.
The partnership also enables Qi Digital to offer seamless connectivity with Bitstamp to banks and other payment processors keen on providing digital assets to their customers.This collaboration is expected to have a significant impact on the crypto industry.
It is set to revolutionize cryptocurrency payments and adoption. Moreover, it will be boosting cryptocurrency adoption and establishing digital assets as a reliable payment method.
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