Ingenico has partnered with Crypto.com, aiming to make crypto payments more accessible to merchants.
The collaboration offers a ‘plug-and-play’ solution to help Ingenico merchants securely and seamlessly accept crypto payments.
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Through the move, the company looks to serve more than 680 million users worldwide.
This further allows merchants to receive settlements in local currencies such as euros, American and Australian dollars, and the British pound.
Ingenico’s new merchant wallet, linking to AXIUM Android terminals, is at the centre of the new proposition.
It simplifies merchants’ engagement with the cryptocurrency ecosystem and other services.
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By GlobalDataThe integration is set to provide merchants the flexibility to incorporate crypto payments alongside their existing payment systems.
Ingenico CTO Patrick Blanc said: “Our partnership with Crypto.com will redefine the payments landscape by seamlessly integrating crypto payments into commerce environments.
“This collaboration marks a pivotal moment for merchant services worldwide, setting a new standard for innovative payment solutions that are moving commerce forward.”
Additionally, the inclusion of Crypto.com Pay allows consumers to gain rewards on their transactions.
Ingenico, on the other hand, offers merchants additional services through their terminals, which include managing payments and services via mobile and tablet devices.
This joint solution is poised to normalise cryptocurrency payments in real-world retail settings, accelerating the adoption of digital currencies.
Crypto.com president and COO Eric Anziani said: “We are on a mission to make it easier for people to use cryptocurrency in real-world payment scenarios and our partnership with Ingenico will go a long way to bringing crypto out of the web and increase its adoption as a powerful payment tool.
“Crypto.com Pay is a secure and scalable technology, offering our customers yet another innovative way to interact with cryptocurrency – as the future of payments.”
Ingenico is currently in talks with merchants, with support from Crypto.com, to initiate a live pilot with select partners in the first quarter of 2025.
The service is expected to be rolled out across multiple regions, including the US, Canada, the European Economic Area (EEA), the UK, Asia, and Australia.
Earlier this year, Ingenico joined hands with CyberSource, Visa‘s global payment and fraud management platform.
This partnership is focused on creating a unified commerce solution, initially targeting the Asia Pacific region, with plans to expand to additional regions subsequently.
