Newnote Financial Corp. is pleased to announce Canadian fiat settlement is now available to over 13,000 Coinpayments.com merchants via the Company’s 100% owned Cointrader.net Bitcoin Exchange.
For the past few months, we have been working with the team at Coinpayments Inc. of which Newnote holds a 20% equity position, to deliver this latest integration which offers merchants using Coinpayments.com as a payment processor to automatically sell their Bitcoin balances on Cointrader.net and settle via e-transfer or direct ACH transfer to their bank account. Merchants can accept 55 different crypto-currencies using one of the 25 popular shopping cart plugins Coinpayments offers. In addition, Coinpayments has enabled merchants to instantly exchange one coin for another via Shapeshift.io, an API platform that provides instant Bitcoin and Altcoin conversion. US Dollar settlement will be available 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.”