Blocktrade and SKAI2 Launch ‘Pay with Blocktrade’ for Instant Crypto Payments

Asset marketplace and trading platform Blocktrade has just launched ‘Pay with Blocktrade,’ an instant crypto payment tool, making crypto payments widely accessible. In collaboration with technology provider SKAI2, Blocktrade enables retailers to accept payments in various cryptocurrencies, instantly converting them into euros.

Through this new feature, retailers can seamlessly accept payments in various cryptocurrencies and receive instant deposits in euros. Pay with Blocktrade also offers consumers the convenience of making crypto payments through the Blocktrade app, similar to ‘Apple Pay,’ while ensuring that merchants receive fiat instantly without being affected by crypto market volatility.

Thanks to SKAI2’s technology, the Blocktrade mobile app supports payments with over 60 cryptocurrencies, offering users 5% cashback on purchases, along with an additional cashback of up to 25% in Blocktrade’s token, BTEX. SKAI2 is also rolling out a next-gen point-of-sale terminal for retailers, facilitating both traditional and cryptocurrency transactions.

Unlike previous solutions, which were slow and unreliable, ‘Pay with Blocktrade’ enables retailers to process crypto payments instantly, eliminating the risks associated with volatile crypto exchange rates. The transaction speed is comparable to traditional credit or debit card processes, with crypto funds promptly deposited into the retailer’s account. This innovation marks a significant milestone for Blocktrade and aligns with its commitment to integrating cryptocurrencies into mainstream commerce.

Blocktrade CEO Christian Niedermueller expressed the significance of this milestone achievement, emphasizing the platform’s commitment to integrating cryptocurrencies into everyday transactions. The ‘Pay with Blocktrade’ feature, part of the Blocktrade 4.0 update, is set to be adopted by 10,000 merchants by the end of Q1 2024, with plans to expand to over 100,000 merchants by the year’s end. This development marks a major step towards the mass adoption of cryptocurrencies in daily commerce.

“This is a milestone achievement for Blocktrade as we introduce the ‘Pay with Blocktrade’ feature in partnership with SKAi2. This feature will enable seamless integration of cryptocurrencies into everyday life transactions, which is a significant step towards crypto mass adoption. We are combining innovative payment terminal hardware with cutting-edge software to provide a simple solution for merchants and an engaging, experience for consumers. Our efforts are breaking new ground in the crypto industry, signaling our commitment to redefining how digital assets integrate into mainstream commerce.” said Christian Niedermueller, CEO at Blocktrade.

Blocktrade also shared that Pay with Blocktrade is rolling out now with the Blocktrade 4.0 update, and it is anticipated to be embraced by 10,000 merchants by the close of the first quarter in 2024 and is set to grow even further, reaching over 100,000 merchants by the end of the year. This development is seen as a crucial step towards the mass adoption of cryptocurrencies in everyday transactions, providing a seamless experience for both merchants and consumers.

Below is a video of Blocktrade 4.0