Aliant Payments, a US-based payment processor, will provide cryptocurrency payment processing to qualifying merchants without charging any fees.

Aliant’s crypto processing offering, CryptoBucks enables users to convert virtual currency into USD and Euros.

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Now, the free processing service can be availed by merchants in the US and Europe signing up for credit and debit card processing.

In offering the free processing service, the firm aims to boost the adoption of cryptocurrency.

Commenting on the development, Aliant CEO Eric Brown said: “We’re offering free crypto processing so that merchants can experience the ease of our CryptoBucks platform, and the value that it brings their business.

“After experiencing such a simple, low-cost, and no-risk payment option, we’re confident they won’t look back.”

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The firm believes that the existing credit card authorisation and settlement system is slow and more expensive, with too many steps and players involved during international transactions.

Moreover, it is hard to track and fails to address fraud concerns in an effective manner, Aliant said.

“Our goal is to make cryptocurrency every merchant’s favorite form of payment by allowing them to experience the benefits with a trusted name like Aliant handling the processing and funding for their business,” Brown added.