The Isle of Man's ChainPay Aims to Serve as Europe's Coinbase
The bitcoin conglomerates Coinbase and BitPay are about to have some major competition from ChainPay, a new payment processor headquartered in the Isle of Man. ChainPay is being launched by startup firm AltXE, which according to co-founder James Carter, is aiming to introduce smaller fees and easier payment methods in an attempt to compete with the big leagues and tackle more customers in Europe: "If you sign up with Coinbase you might be just another merchant in their box. If you sign up with us, we'll be engaged with the merchant, making sure that everything is functioning well." The....
Related News
A bootstrapped startup in the Isle of Man has launched a payment processor called ChainPay that it hopes will compete with the likes of BitPay and Coinbase in the European market. The firm, called AltXE, says it is focused on signing up European merchants to use its payment processor and that its fee schedule and personal attention to customers will distinguish it from its much better funded competitors. "If you sign up with Coinbase you might be just another merchant in their box. If you sign up with us, we'll be engaged with the merchant, making sure that everything is functioning well,"....
The Isle of Man is known for having a bitcoin-friendly exterior in the world that seems so bent on regulating digital currencies. Through legislation allowing the exchange of digital currencies, they've poised themselves to be a haven for bitcoin enthusiasts. With the Isle of Man being so open to bitcoin, it only makes sense that businesses would begin to sprout up due to the acceptance. "The Isle of Man has a great government which is really progressive on many things," said James Carter, founder of ChainPay. "They really see the benefit of crypto, and how it's the way of the future in....
In a press release announcing its partnership with ChainPay, Payment Goblin is now able to offer its bitcoin services to clients based in Isle of Man. Payment Goblin is a payments processor company offering credit card payments processing to merchants internationally while the ChainPay platform provides bitcoin payment gateways services to merchants. "Payment Goblin is a forward thinking payment processor who recognizes the value of Bitcoin payments. We are pleased to be working with such an organisation whose goals are aligned so well with ourselves. Through this partnership we hope to....
ChainPay has been covering a lot of ground in the five short months since its launch. Most recently, ChainPay has reached a partnership with Payment Goblin, allowing customers of Payment Goblin to accept Bitcoin with no changes to branding. Specializing in enabling merchants to accept Bitcoin, ChainPay allows companies to accept Bitcoin in a seamless fashion by supporting most e-Commerce packages (like Shopify and Magneto) or by using its API to add a Bitcoin payment gateway to any eCommerce website.
The second country that we will take a closer look at is the Isle of Man. The Isle of Man is nestled between Ireland, England,Wales and Scotland. It has been a haven for online gambling companies for a couple of years now. However The Isle of Man is looking toward the future like an open minded country should. There has been quite a storm about the Isle of Man’s decision to become a “pro digital currency”. Some have condemned this choice, while others applaud the innovative aspect and calling this step a “historical” one for digital currencies and Bitcoin in particular. To celebrate and....