Asset marketplace and trading platform Blocktrade has launched a major upgrade that makes crypto payment to merchants easier and more efficient than ever before. The upgrade allows any business to take payments in a variety of cryptocurrencies and receive the funds in their account instantly.
The Blocktrade 4.0 update has ushered a new era for Pay with Blocktrade, and by the end of the first quarter of 2024, 10,000 merchants will have adopted it. That number is expected to grow to 100,000+ by the end of the year.
The Blocktrade mobile app now supports 60+ different cryptocurrencies thanks to the partnership with technology supplier, SKAi2. Furthermore, there’s a reward structure where users get 5% cashback on all purchases, but that figure can get as high as 25% for transactions done in the Blocktrade token, BTEX,.
Blocktrade promises some of the most efficient, user-friendly, and secure ways for merchants to accept cryptocurrency payments through Pay with Blocktrade. The transaction process takes only 10 seconds. Although the market currently has other solutions that allow merchants to accept cryptocurrency, the ‘Pay with Blocktrade’ function is unique since it allows merchants to process cryptocurrency payments instantly, removing the risks linked with cryptocurrency volatility.
Businesses will reap the rewards of accepting cryptocurrency, while customers will have a convenient way to spend their crypto holdings on real-world goods through the Blocktrade app. Additionally, customers can use any cryptocurrency held in their Blocktrade wallet to make payments.