Aliant Introduces Free Crypto Processing to Some Select Merchants
Aliant, a United States merchant services provider and payment processing firm has announced that it will now offer free crypto transaction processing to some merchants, according to a press release on Jan. 29.
The CryptoBucks which is a product of Aliant’s crypto processing for merchants, was launched in 2017. As the firm announced on Tuesday that, free crypto processing via the platform is now available “to qualifying merchants that sign up for debit and credit card processing.” The company clarified that the merchants must be located in the U.S. or Europe.
According to the press release, Aliant has partnered with a publicly traded domestic bank, assuring its customers that transactions are compliant with federal laws and regulations, as well as Know Your Customer and Anti-Money Laundering rules.
Eric Brown, the company’s CEO, made a bullish statement on crypto in the press release, stating that, “after experiencing such a simple, low-cost, and no-risk payment option, we’re confident they [merchants] won’t look back.”
Brown also said that the company’s goal is to “make cryptocurrency every merchant’s favorite form of payment.”
According to reports, major global payments firm Western Union is also considering launching its own crypto payments. The president of Western Union Global Money Transfer said in December that the firm will consider supporting cryptocurrencies once it has achieved mass adoption, namely by solving problems with volatility, governance and compliance.
Bitfury Group Blockchain technology firm has also launched an e-commerce software for merchants and several other tools such as an open source Bitcoin (BTC) wallet and a hardware payments terminal in order to drive wider adoption of the Lightning Network.