Optty, the world’s first universal payments platform announced a new partnership with Triple-A, a licensed crypto payment gateway, to add cryptocurrency as a payment option on the platform. As the central hub connecting and streamlining a robust global network of Buy Now Pay Later (BNPL) providers, this milestone marks the launch of Optty’s sixth payment architecture, further expanding viable payment options for merchants and convenience for their end customers.
“As the world’s first true universal payments platform, Optty is agnostic and supportive of payments inclusion, a unique position that is designed to help retailers offer more choice than ever at checkout,” said Natasha Zurnamer, CEO and founder of Optty. “With one simplified integration, not only can retailers access over 90 BNPLs and local payment methods in over 120 countries — they can now switch on crypto payments, a natural progression in our aim to simplify payments for retailers all over the world.”
The first crypto payment gateway to be licensed by the Monetary Authority of Singapore, Triple-A is also licensed in Europe, through Banque de France’s ACPR, and registered with the United States Financial Crimes Enforcement Network (FinCEN). Through the collaboration with Triple-A’s white label crypto payment gateway, Optty enables retailers and merchants to offer a wide range of payment methods. This allows them to test and learn which payment types best resonate with their customers.
Tapping into diverse consumer payment preferences
With Optty’s vast global network of gateways that license the company’s unique payment stacks, merchants and retailers can now leverage Triple-A’s gateway to accept cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and USD Coin (USDC). Triple-A’s crypto payment gateway is compatible with all crypto wallets, allowing customers to make hassle-free payments using their preferred wallet.
Through real-time crypto-to-fiat conversions facilitated by Triple-A, retailers can receive payments in cryptocurrencies without the need to manage them on their balance sheets and constantly monitor fluctuating exchange rates. Retailers enjoy next-day local currency bank settlements in 50+ currencies, enabling quick access to funds in their preferred currency. Additionally, businesses have the option to offer their customers the convenience of paying through Binance Pay.
Optty already offers Buy Now Pay Later, Debit and Credit, Digital Wallets, Peer to Peer payments, and bank transfer options, and the addition of crypto enables merchants to tap into the spending power of 420 million crypto owners worldwide. Optty plans to further expand payment architectures to a total of nine by the end of 2023.
“We are excited to partner with Optty and bring crypto payments to their merchants,” said Eric Barbier, CEO of Triple-A. “This collaboration will help merchants take advantage of the growing demand for cryptocurrency payments, without the hassle of managing crypto assets on their balance sheets.”
Disruption through simplification
Previously, retailers and merchants would need to spend a great deal of time and money on complex, one-by-one payment integration processes. Optty changed all this by eliminating it, revolutionizing the way merchants access payments methods globally. Available across ecommerce, IVR, and in-store, it is a true PaaS that offers retailers a simplified integration while providing a seamless and direct commercial partnership channel, enabling an application process with every payment provider in the solution.
Fintech News – The Latest News in Financial Technology.