The partnership between Optty and Triple-A is a significant development in the world of payment processing and cryptocurrency adoption. Here are some key points about this partnership:
- Optty’s Universal Payments Platform: Optty is described as the world’s first universal payments platform, aiming to streamline the payment process for retailers and offer more choices to customers at the checkout.
- Expansion of Payment Options: With this partnership, Optty is adding cryptocurrency as a payment option on its platform, marking the launch of its sixth payment architecture. This expansion aims to provide more viable payment options for both merchants and customers.
- Triple-A as a Licensed Crypto Payment Gateway: Triple-A is a licensed crypto payment gateway, licensed by the Monetary Authority of Singapore and Europe’s Banque de France’s ACPR. It is also registered with the United States Financial Crimes Enforcement Network (FinCEN).
- Crypto Payment Options: Merchants using Optty can now leverage Triple-A’s crypto payment gateway to accept popular cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and USD Coin (USDC). This makes it easier for customers to make payments using their preferred crypto wallets.
- Real-Time Crypto-to-Fiat Conversions: Triple-A facilitates real-time crypto-to-fiat conversions, allowing retailers to receive cryptocurrency payments without the need to manage them on their balance sheets. This reduces the risk associated with fluctuating exchange rates.
- Quick Access to Funds: Retailers can enjoy next-day local currency bank settlements in over 50 currencies, providing quick access to funds in their preferred currency. They also have the option to offer their customers the convenience of paying through Binance Pay.
- Simplification of Payment Integration: Optty’s platform simplifies the integration of various payment methods for retailers, eliminating the need for complex, one-by-one payment integration processes. This approach revolutionizes the way merchants access global payment methods.
- Expansion of Payment Architectures: Optty plans to expand its payment architectures to a total of nine by the end of 2023, providing even more options for merchants and customers.
- Triple-A’s Role: Eric Barbier, the CEO of Triple-A, expressed excitement about partnering with Optty to bring cryptocurrency payments to their merchants. This partnership aims to help merchants tap into the growing demand for cryptocurrency payments without the complexities of managing crypto assets.
- Triple-A’s Solutions: Triple-A offers white label crypto payments solutions designed to help businesses increase revenue by accepting cryptocurrency payments without being exposed to volatility risk or having to handle digital currencies. Their solutions are compatible with all wallets and provide instant confirmation, locked-in exchange rates, and chargeback protection.
About Optty
Overall, this partnership between Optty and Triple-A is part of a broader trend in the payment industry, where cryptocurrencies are becoming increasingly integrated into mainstream payment options, offering more choice and convenience to both merchants and customers.