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BlueSnap and BitPay partner to offer crypto acceptance and payout

Together, the payments companies will enable customers to get paid-in and paid-out in up to 15 cryptocurrencies and seven fiat currencies.

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Global payment orchestration platform BlueSnap is partnering with BitPay to enable businesses to accept and get paid out in crypto.

The partnership with the Bitcoin and crypto payment services provider will allow BlueSnap to enable transactions in up to 15 different cryptocurrencies and seven fiat currencies globally.

According to BlueSnap, working with BitPay will support its mission to help businesses across the globe increase their revenue and reduce costs.

“Our partnership with BitPay comes at a perfect time. Consumers across Europe, especially those in Ireland, are growing more ‘crypto curious’,” BlueSnap EU managing director Nikhita Hyett said.

“By working with one of the most well-respected crypto companies in the industry, we’ll be able to make the new payment experience as frictionless as possible.”

Hyett said the company is looking forward to making an impact in the space, developing technologies like blockchain and cryptocurrency, as it continues to grow across Europe.

“As many as 85 per cent of major retailers already accept some form of crypto payment, and even small businesses are picking up on the trend with one third of SMBs beginning to accept crypto,” BitPay vice president of marketing Merrick Theobald said.

“Together, BitPay and BlueSnap will bring this popular payment method to more businesses and consumers globally.” 

Businesses will be able to accept and get paid out in leading cryptocurrencies including Bitcoin (BTC), Dogecoin (DOGE), Shiba Inu (SHIB), Ethereum (ETH), Bitcoin Cash (BCH), ApeCoin (APE), Litecoin (LTC), Wrapped Bitcoin (WBTC), Ripple (XRP), as well as five USD-pegged stablecoins (BUSD, DAI, GUSD, USDC, and USDP) and one EURO-pegged stable coin (EUROC). 

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