Transact365 Expands to Now Offer 10 Crypto Processing Solutions

Cryptocurrencies
12.06.2024 09:45 am

Transact365, a UK-based global payment service provider powering merchants across the globe, has announced it is further expanding its crypto processing solutions. Founded in 2017 and headquartered in London, with offices in the Philippines, Indonesia and Canada Transact365 offers a global payments solution platform for merchants across a range of leading industries.

Following updates to its platform, Transact365’s proprietary technology now offers a total of ten cryptocurrencies under its suite of global payment solutions.

As an early adopter of payments for digital currencies, Transact365 has helped merchants accept crypto payments since 2018. Building on an already comprehensive range of existing cryptocurrency solutions for its customer base, merchants using Transact365’s payments platform can now accept and process five additional cryptocurrencies including ERC20, TRON & TRC20, Binance Coin (BNB) & Binance Smart Chain (BSC), on a global scale.

The company already has the capabilities to allow merchants to accept and process Bitcoin (BTC), Ethereum (ETH), Tether (USDTT / USDTE) and Litecoin (LTC). And in an ever-changing crypto landscape, Transact365 is aware of the comprehensive compliance policies specific to this industry including Markets in Crypto Assets Regulations (MiCA), the travel rule, source of wealth, etc.

Commenting on the company's latest advancements, Scott Major, the Chief Commercial Officer of Transact365 said:

“There are currently over 295 million cryptocurrency users worldwide, with over 10% of UK adults estimated to hold or have held some form of crypto asset. As such, cryptocurrency has emerged as key in the global digital economy,

"At Transact365, we are dedicated to empowering merchants with cutting-edge technology and giving them access to the latest payment solutions to support their business goals and customer preferences.
“These expanded cryptocurrency processing capabilities underscore our commitment to innovation and security, ensuring seamless transactions across the globe."

The Transact365 Group is regulated to perform digital asset transactions globally.