The partnership represents an instant enhanced crypto payment option for Gr4vy merchants and their customers
SAN MATEO, California., September 20, 2022 /PRNewswire/ — Gr4vya cloud-native payments company, today announced a new strategic partnership with BitPay enable its merchants to easily accept crypto payments via BitPay’s checkout offering. As part of Gr4vy’s No-Code Payment Orchestration Platform (POP), merchants can now implement and offer BitPay’s advanced crypto payment options without additional crypto risk, fear of chargebacks, fraud or high transaction fees, while entering new global markets to expand.
The size of the global cryptocurrency market has been assessed $1.49 billion in 2020 alone and is expected to be achieved $4.94 billion until 2030. A majority of merchants today already believe that customers have a significant interest in digital currencies, almost 75% reported plans to accept stablecoin or cryptocurrency payments within the next two years. Consumers are increasingly interested in paying with digital currencies, which shows that merchants need to be careful.
“Today’s consumers continue to demand alternative payment options. Merchants who want to remain competitive can no longer afford not to offer various payment methods like crypto, or they will find customers choosing merchants that meet their payment needs. Merchants have also started to think about their Web3 strategy, making the ability to offer and accept crypto payments more important going forward,” the company said John Lunn, Founder and CEO of Gr4vy. “We designed our cloud-native POP to make it quick and easy to implement new, innovative payment methods. As a trusted global leader in blockchain payments, BitPay was the perfect partner for our platform, based on over 11 years of blockchain payments experience. We are committed to helping merchants tap the massive crypto market and adopt crypto payments.”
As part of the partnership, merchants using Gr4vy’s cloud-native POP can now instantly add BitPay to their payment stack without code and start accepting crypto payments via the BitPay checkout. The merchant’s customers get access to pay with 15 different cryptocurrencies, as BitPay currently supports: ApeCoin (APE), Bitcoin (BTC), Bitcoin Cash (BCH), Dogecoin (DOGE), Ethereum (ETH), Litecoin (LTC), Shiba Inu (SHIB), Wrapped Bitcoin (WBTC), XRP (in certain countries), $5-Paired stablecoins (BUSD, DAI, GUSD, USDP and USDC) and one euro-backed stablecoin EUROC. BitPay supports the most popular crypto wallets. Its app, browser extension and card are compatible with wallets like Blockchain, Coinbase, Kraken, Metamask, BRD and many more.
The addition of BitPay to Gr4vy’s platform enables merchants to accept payments and get settled the next business day, with a reach of over 220 countries worldwide, settled in local fiat. Merchants never need to hold crypto, and BitPay charges a flat 1% transaction fee for the process.
“At BitPay, we are proud to be the global leader in bitcoin payment technology and see the future of payments on the blockchain. A lot of the other companies that do cryptocurrency payments don’t look at them from the perspective of the whole workflow of a payment, we do,” said Stefan couple, co-founder and CEO of BitPay. “We chose to partner with Gr4vy because they share our same commitment to providing world class services when it comes to payments. Working with Gr4vy’s payment orchestration platform makes it easy for merchants to add a crypto payment option.”
Gr4vy’s no-code payment orchestration layer makes it easy for merchants to deploy, manage, customize and optimize the right payment method for each user. The company gives traders their own dedicated instances of Gr4vy in the cloud, eliminating shared infrastructure or server loads unlike other solutions on the market. Merchants can get multiple dedicated instances of Gr4vy to reduce points of failure and ensure they never lose a transaction. Gr4vy also includes everything merchants need for payment infrastructure, including connectors to leading payment processors, a powerful workflow engine, front and backend payment orchestration, no-code management tools, and a dashboard to control and manage all of their payment batches.
Gr4vy can also build Edges for a merchant’s instance and deploy them in any region or country, storing merchant and customer data in the region or country where it was deployed and helping merchants comply with privacy laws that now prevalent in many countries. The result is a truly modern cloud-native POP that allows merchants to focus on their business and their customers.
For more information on Gr4vy see https://gr4vy.com/.
Gr4vy is a cloud-native payments platform that takes the complexity out of merchants running a payment infrastructure and allows them to focus on what matters most. We’re redefining payments by delivering an intuitive, state-of-the-art payment orchestration (POP) platform that harnesses the power of the cloud to modernize payments infrastructure. Our orchestration layer updates the merchants payment stack to make them more flexible. Our no-code dashboard centralizes the integration and management of a merchant’s payment methods, providers, terms and transactions, enabling them to do more in less time. We enable merchants to streamline and manage payment methods, services and transactions in one place. At Gr4vy we are passionate about payments, efficiency and an exceptional customer experience.
Founded in 2011, BitPay pioneered blockchain payment processing with a mission to transform the way businesses and individuals send, receive, and store money. Its business solutions eliminate transaction fraud, reduce the cost of payment processing, and enable borderless cryptocurrency payments, among other things. BitPay offers consumers a complete digital asset management solution that includes the BitPay wallet and BitPay prepaid card, enabling them to convert digital assets into dollars to spend at tens of thousands of businesses. The company has offices in North America, Europeand South America and has more than raised 70 million dollars in funding from leading investment firms such as Founders Fund, Index Ventures, Virgin Group and Aquiline Technology Growth. Visit bitpay.com for more information.
The BitPay card is issued by Metropolitan Commercial Bank (Member FDIC) under license from Mastercard International Incorporated. “Metropolitan Commercial Bank” and “Metropolitan” are registered trademarks of Metropolitan Commercial Bank ©2014. Use of the card is subject to the terms and conditions of the applicable cardholder agreement and fee schedule, if applicable.