With the surge in the value of cryptocurrencies, more and more people have indicated their interest in owning digital assets. This collaboration, therefore, is a very big step, as the market is trying to bridge the gap for customers to merchant transactions using digital assets.
Crypto Payment Network is a cryptocurrency payment network that allows merchants to accept cryptocurrency and receive cash via ACH/SEPA transfer, and the merchant will have the privilege of paying with $PAC.
PAC and CPN entered into a partnership in August, in a move they say will bridge the gap between customer to merchant cryptocurrency payments. As a result of the partnership, PAC and its global community were able to have acquired PAC debit cards.
The CPN network is not stopping anytime soon, as it has on its network, lots of Fortune 500 companies, but decided to announce the partnership with Domino’s Pizza and Caribou for now, while others will be announced in due course.
CPN aims to meet the standard of the payment card Industry Data Security Standard ( PCI DSS) to make sure that $PAC is being used everywhere and anywhere and can also be used anywhere traditional cards like Mastercard, Visa and Verve card are used.
Fear Of The Volatile Market
Most merchants are quite aware of the instability that is always accustomed to the crypto market, so it becomes imperative for the merchant to convert their digital assets as fast as possible. This will allow him/her to escape the hurdle of depreciation in the value of the coins if it’s in their possession for a very long time.
Confidence is one major thing that is lacking in the crypto space. Most traders and investors are not confident, and this mostly results in the volatile nature of the market. But the new concept will go a long way in building back the lost confidence and posit the industry where it ought to be.
The world is generally opening up its arm and embracing cryptocurrencies. From politicians accepting Bitcoin as part of their donations to the electronic giant like Samsung accepting cryptos as a means of exchange in the Baltic states among others.