Alternet Payment Solutions, a wholly owned subsidiary Alternet Systems, has launched its worldwide payment processing business through a strategic channel partner agreement with BitPay, a Bitcoin digital currency operator.
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Henryk Dabrowski, CEO of Alternet Systems, said: "Alternet is providing a next generation digital currency and payment ecosystem focused on three distinct segments of the marketplace which includes comprehensive currency processing, identification and transmission.
"Our strategic agreement with BitPay will allow us to initiate our sales process with several potential clients in Latin America and the Asia-Pacific region. We believe that our backlog of opportunities will continue to grow globally and we will generate our first revenues from this business in the fourth quarter of 2014."
Alternet Payment Solutions has signed a non-exclusive agent agreement to sell and support the BitPay platform into Alternet’s customer base.
Alternet Payment Solutions will leverage its experience in the mobile and disruptive payments technology industry to focus on providing business to business Bitcoin payment methods such as converting local currency to Bitcoin and/or Bitcoin to USD in the Americas, Caribbean and Asia-Pacific.
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By GlobalDataTony Gallippi, executive chairman and co-founder of BitPay, said: "Digital currency adoption and user demand for alternative payment methods continue to rapidly grow globally. We believe in the vision and successful past experience of introducing disruptive payment technologies that Alternet Systems possess, and look forward to working together to expand our global reach."
