Technology firm Match-Trade announced the launch of a cryptocurrency payments solution this Monday. According to the firm, Match2pay will act as a cryptocurrency payment processor gateway for brokers.
That will mean brokers who adopt the technology can start accepting cryptocurrency payments from their clients. Given that many of these firms are now offering cryptocurrency products, that’s nothing to sniff at.
It seems that Match2pay will allow users to pay in most popular cryptocurrencies. That includes bitcoin, ethereum, litecoin, tether, and dash.
“We’ve created Match2pay to help our clients grow their businesses. It is a turnkey global solution for cryptocurrency payments which allows users to receive, store or exchange cryptocurrencies,” said Michael Karczewski, Head of Business Operations at Match-Trade Technologies. “Our goal is to make cryptocurrency payments easily accessible for every broker or vendor and their customers.”
Match-Trade Crypto Payments
Brokers will be pleased to hear that the payment processor can integrate with MT4 and MT5. That should make adoption swifter, meaning more clients for Match-Trade and quick access to crypto payments for brokers.
Aside from facilitating payments, Match2pay includes reporting tools and access to a private cryptocurrency wallet. The software also performs auto-conversions on clients’ book payments in a number of different fiat currencies.
Importantly for money-conscious brokers, Match2pay also enables them to set markups on rates provided to their clients. That should allow them to manage better and increase revenue derived from cryptocurrency payments and trading.
Cryptocurrency payments have become an increasing problem for brokers – as they have for almost any company dealing in cryptocurrencies. On a pragmatic level, simply accepting a cryptocurrency payment has been difficult due to a lack of cryptocurrency payment providers.
On top of this, it has been tough for firms to convert payments made in cryptocurrency – if they can accept them in the first place – to fiat currencies.