Bitcoin and cryptocurrency software products company Newnote Financial Corp has announced that Canadian fiat settlement is now possible on online cryptocurrency marketplace Coinpayments.com using its Cointrader.net Bitcoin exchange. Newnote has a 20% equity stake in Coinpayments.com.
The integration makes it possible for over 13,000 Coinpayments merchants to sell their Bitcoin on Cointrader.net and receive the amount in fiat cash via an electronic transfer or direct ACH transfer to their bank accounts. Merchants can accept 55 different cryptocurrencies using one of the 25 popular shopping cart plugins that the Bitcoin marketplace offers.
According to the media release, Coinpayments has also enabled merchants to instantly exchange one coin for another via Shapeshift. The company is planning to offer USD exchange in the near future.
President and CEO of Coinpayments Inc. Alex Alexandrov states: “We love crypto but recognize that purchasing Bitcoin can be often a challenge, so we are looking to make it super easy. Very soon you will be able to simply buy Bitcoin online via Interac Online Checkout on our site via our partnership with Bluzelle.com. The team is very excited to bring more people into the crypto world by breaking down barriers and allowing them to participate.”
About Coinpayments Inc.
Canada-based Coinpayments Inc. is the third largest payment