Ethos Partners With Payroc to Create a Crypto Payment Processing Service
Ethos (ETHOS), a mobile cryptocurrency storage and monitoring platform built on the blockchain, announced this week that it has partnered with Payroc, a merchant payment processing service, to integrate merchant cryptocurrency payment capabilities to its mobile Universal Wallet.
Today, Ethos is excited to announce our partnership with Payroc. Together, we’ll create a consumer-to-merchant crypto payments service, integrated with the Universal Wallet. Imagine? A straightforward “Pay with Crypto” button on websites is on the horizon. https://t.co/NmVkaNGqV4 pic.twitter.com/t9wIUrGtAZ
— Ethos.io (@Ethos_io) July 14, 2018
According to the announcement, the Ethos Bedrock platform, which includes high-performance API microservices, will be integrated into Payroc’s payment gateway platform. This integration will enable a simple “Pay with Crypto” button that can be added to merchant websites.
The benefits of this integration are two-fold. Merchants will now be able to benefit from instant crypto payments and settlement made directly from consumer crypto wallets, while Ethos Universal Wallet users will be able to pay securely directly from their mobile devices in cryptocurrencies.
In a statement accompanying the announcement, Jared Poulson, chief integrations officer for Payroc, expressed his excitement over the partnership with Ethos to bring crypto forward as a mainstream payment option.
We’re excited about partnering with Ethos as it brings together the traditional payments world Payroc operates in with new digital currencies. Our merchants will be able to accept payments via traditional credit cards, ACH, PayPal and now popular cryptocurrencies.
This news comes just days after Ethos launched its Universal Wallet for iOS devices, which had more than 140,000 pre-registered users. The Universal Wallet is now available for download for Android and iOS devices.
MORE ON ETHOS
Ethos (ETHOS) plans to make the cryptocurrency market accessible to everyone, accelerate adoption of blockchain technology and democratize ownership of cryptocurrencies. To accomplish this, they are building out a number of products within their platform, including a universal wallet and a suite of APIs designed for developers building financial systems on the Ethereum blockchain. A key element of the Ethos platform is their social ecosystem, where they hope to build out a crowdsourced investment model, as well as a social gamification system for participation in the new blockchain economy. (more)
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.