November 8, 2022
London, UK – November 8, 2022 – Leading independent Payments Gateway, Cardstream, has announced a partnership with cryptocurrency specialists Qi to provide Merchants with capabilities to accept digital currencies.
Cardstream processes Card payments globally, as well as emerging and local payment methods for certain geographies and consumers. Adding Qi will strengthen this approach by providing the ease of access that crypto provides on a global platform.
Cryptocurrencies rely heavily on a blockchain and are increasingly mandated by Merchants and Payment Service Providers. A blockchain database is distributed across numerous computers and therefore cannot be changed or tampered with. Because of this, some people may argue that crypto transactions are more secure than traditional currency transactions.
Most blockchains store a single cryptocurrency’s transactions. With Qi, the number of cryptocurrencies you can process is unlimited. Merchants can accept Bitcoin, Ethereum and more, opening up new revenue streams. The partnership between Qi and Cardstream delivers this end-to-end solution seamlessly.
Blockchain technology entrepreneur and CEO of Qi, Mann Matharu, said “There are more crypto holders than ever before. An estimated 300 million people now hold crypto in blockchain-based digital wallets. Eighty-five percent of US businesses are looking to go live with crypto acceptance functionality, and our partnership with Cardstream opens up crypto acceptance to tens of thousands of merchants throughout the world and introduces new streams of income to which Merchants may previously not have had access.”
Commenting on the partnership, Cardstream’s CEO Adam Sharpe said “Crypto is an industry that is already vast, continuing to grow and ever-changing. We are excited to be working with the team at Qi to provide relevant crypto capabilities within this rapidly emerging new world of commerce. Cardstream continues to innovate the payments industry, and with Qi we have delivered a next-generation payment service.”
About Qi Digital®
Qi’s powerful, blockchain-connected API enables Payment Service Providers and Fintech partners to offer digital currencies such as Bitcoin and Ethereum as a payment method. Known as the Synergy API, developers have the freedom to build custom services and truly embed crypto functionality deep within their tech stacks.
Qi’s second and popular ‘Smart API’ is designed to be integrated with Payment Gateways and Platforms in a white label format.
Both services are designed in an Open and agnostic manner, so regardless of technical background, software engineers can easily integrate blockchain payment services with minimal effort.
For more information, visit www.qidigital.com or contact Els De Witte on els@qidigital.com
About Cardstream:
Cardstream is an award-winning Payments Gateway independent of individual acquirers, markets or geographical locations, giving it unlimited ability to integrate globally into any trading market, acquirer or locality. Its innovative route to market is via channel Partners, whose Merchant customers often occupy niche or specialised market verticals.
Cardstream powers the Open®Payment Network (OPN®), which provides merchants globally with access to an ever-expanding ecosystem of payment gateway and ancillary services via a simple single API. Now accompanied by its Open Banking Network (OBN®), OPN’s® commitment to members is that their services will never be copied or “own branded”. OPN’s® fair, collegial environment and instant access to a rapidly expanding merchant base continues to influence payment providers of all sizes to contribute and compete on a fair and level playing field.
To learn more about Cardstream please visit – www.cardstream.com
For media enquiries, email press@cardstream.com
