Payments Giant Worldpay is Quietly Supporting Bitcoin
Does Worldpay support bitcoin and the blockchain? The answer, according to senior vice president Chester Ritchie, depends on how you frame the question. Today, the £3.6bn payment processor isn't doing anything internally with digital currency or the blockchain, he says, but like many payment services companies, it is interfacing with the industry in an effort to best serve merchant clients. "I don't know how public it is," Ritchie tells CoinDesk at Money20/20 in Las Vegas. "We do have partners that are doing something in their solution for bitcoin." Ritchie said that bitcoin startups such....
Related News
Even established payment processors are looking beyond the world of traditional finance as part of their future business model. WorldPay, one of the leading European payment processors in existence today, has entered the alternative finance market by partnering with cash advance provider Liberis. As part of the agreement with Liberis, WorldPay can offer Britain’s small[er] businesses a new payment option. This initiative will be called Worldpay Business Finance, and offers unsecured cash advance based on future credit and debit card sales of the small[er] businesses in question.
“Worldpay has extensive experience guiding cryptocurrency exchanges through the complexities of the global payment ecosystem,” said Jason Pavona, a general manager with Worldpay Solutions. Cryptocurrency exchange OKCoin has selected merchant service provider Worldpay to aid in its expansion efforts, which includes bringing crypto-to-crypto payments to a global audience. OKCoin will leverage Worldpay’s foreign exchange services, allowing customers to purchase cryptocurrency with credit and debit cards. Jason Lau, OKCoin’s COO, said his firm selected Worldpay for its extensive experience....
It is no secret how consumers are looking for more convenient and mobile payment solutions these days. Alternative methods – such as digital wallets – are slowly overtaking plastic cards as a popular way to buy goods and services online. A recent study conducted by WorldPay shows how more than half of the global e-commerce transactions are coming from non-traditional card payments. Over the course of the next few years, more and more customers will start paying with alternative payment methods rather than using plastic cards. WorldPay statistics expect the number of card payments to fill....
The crypto industry has been subjected to false news yet again. Earlier this week, news broke that gaming giant Roblox has begun supporting XRP payments. However, the global gaming platform has publicly denied any claims that have made the rounds on social media. Roblox Rebuts Fake XRP Payment Support Claims Online gaming platform and gaming […]
News breaking today that payments giant PayPal would be supporting cryptocurrencies sent the price of Bitcoin rocketing over $1,000 in a single day. But it was another asset that soared to a new all-time high on the news. Here’s how PayPal’s stock shares also benefitted from supporting the emerging asset class. Bitcoin Blasts Over $1,000 […]