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July 18, 2018

Payroc and Ethos ink cryptocurrency payments partnership

Payment processing firm Payroc has partnered with cryptocurrency services platform PTE to offer cryptocurrency merchant payment processing service in the US.

Under the collaboration, the Ethos Bedrock platform will be integrated with Payroc’s payment gateway platform to introduce ‘Pay with Crypto’ button on the merchant websites along with conventional payment options.

The new button will allow the customers to pay with cryptocurrency for their purchases.

All common crypto currencies will be accepted under this collaboration including Bitcoin, Ethereum and Bitcoin Cash as well as the Ethos token.

Payroc chief integrations officer Jared Poulson said: “We’re excited about partnering with Ethos as it brings together the traditional payments world Payroc operates in with new digital currencies.

“Our merchants will be able to accept payments via traditional credit cards, ACH, PayPal and now popular cryptocurrencies.”

The service is expected to be beneficial for participating merchants as the instant crypto payments can be settled directly from consumer crypto wallets with no chargeback risk. On the other hand, consumers can complete payments from their mobile devices conveniently, ensuring complete security.

Ethos CEO Shingo Lavine said: “Payroc is a stable, trusted and visionary partner. Ethos is dedicated to bringing cryptocurrency to the masses, and partners such as Payroc are an integral part of our delivery.”

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