Usio Partners with Voyager Digital to Enable Merchants and ISVs to Accept Cryptocurrency as a Form of Payment
Usio has announced a partnership with Voyager Digital to enable merchants to accept cryptocurrencies as payment, enhancing their payment solutions. This partnership reflects Usio's commitment to innovation in FinTech. Merchants will be able to accept up to 60 cryptocurrencies through the Voyager app, with seamless transactions that convert crypto to US dollars in real time. This service is expected to roll out in late 2021, aiming to meet the growing demand for cryptocurrency payments and improve customer engagement.
- Partnership with Voyager Digital enhances payment solutions.
- Allows merchants to accept up to 60 cryptocurrencies.
- Enables real-time conversion of crypto to US dollars.
- Service launch expected in late 2021, indicating a delay in implementation.
New partnership illustrates Usio’s ongoing innovation; Will enable merchants to accept various widely-used cryptocurrencies as a form of payment with Voyager’s state-of-the-art, secure platform
SAN ANTONIO, Aug. 04, 2021 (GLOBE NEWSWIRE) -- Usio, Inc. (Nasdaq: USIO), a FinTech and integrated electronic payment solutions provider, announced today that it has partnered with Voyager Digital, the fast-growing cryptocurrency app and platform, to enable its merchants to accept many prominent cryptocurrencies as payment.
Louis Hoch, President and Chief Executive Officer of Usio, said, “Since its inception, Usio has been an innovator in the FinTech industry. The introduction of new technology that enables our merchants to accept various types of cryptocurrencies as a form of tender for all of our payment acceptance solutions further illustrates our commitment to forward-thinking thought leadership in the industry. Use of cryptocurrency is on the rise. Providing our merchants with the ability to accept crypto safely and securely, just like we provide with traditional electronic payment options, will enable the merchants and ISV’s we serve to meet the increasingly diverse payment needs of their customers, which we anticipate will increase customer participation, retention and revenue. The development of this new technology further reinforces our commitment to cryptocurrency markets, which already includes supporting the electronic payment and disbursement needs of crypto exchanges and related organizations.”
Stephen Ehrlich, CEO and Co-Founder of Voyager said, “We are pleased to build on our strong, long-term relationship with Usio by partnering on this exciting, new initiative to facilitate cryptocurrency payments globally at the merchant and ISV-level. The combination of Usio’s innovative, client-facing technology and Voyager’s state-of-the-art, scalable and secure payment offering, via our recent Coinify acquisition, is coming together just as the adoption of cryptocurrency as a form of payment is experiencing exponential growth. This new program will provide both merchants and ISVs an efficient, cost-effective, and seamless tool that responds to the evolution in payment trends.”
Usio’s unique new product will enable merchants to accept cryptocurrency as payment in-person, online, via electronic invoice or text-to-pay, among others, and can be transacted using the Voyager app. Usio will support as many as sixty cryptocurrencies across the globe, making it simple, convenient, and safe. This is a new way for Usio merchants to allow customers to checkout with cryptocurrency for online purchases, donations, tax payments and more. The introduction of a crypto option reinforces our commitment to offering Usio merchants more convenient options for their customers to pay. Customers can check out safely and easily, quickly converting cryptocurrency holdings to US dollars at checkout, with clear conversion rates and no additional fees--all in real time with no exchange risk in price fluctuation that some non-stable crypto currencies experience.
Usio expects this service to be available in late 2021.
About Usio, Inc.
Usio, Inc. (Nasdaq: USIO), a leading FinTech integrated payment solutions provider, offers a wide range of payment solutions to merchants, billers, banks, service bureaus, crypto exchanges and card issuers. The Company operates credit, debit/prepaid, and ACH payment processing platforms to deliver convenient, world-class payment solutions and services to their clients. The strength of the Company lies in its ability to provide tailored solutions for card issuance, payment acceptance, and bill payments as well as its unique technology in the prepaid sector. Usio is headquartered in San Antonio, Texas, and has offices in Austin, Texas and Franklin, Tennessee, just outside of Nashville.
Websites: www.usio.com, www.singularpayments.com, www.payfacinabox.com, www.akimbocard.com and www.usiooutput.com.
About Voyager Digital Ltd.
Voyager Digital Ltd. (CSE: VYGR; OTCQX: VYGVF; FRA: UCD2) is the fast-growing, publicly traded cryptocurrency platform founded in 2018 to bring choice, transparency, and cost efficiency to the marketplace. Voyager offers a secure way to invest and trade in over 60 different crypto assets, with zero commissions, using its easy-to-use mobile application, and earn rewards of up to 12 percent APY on more than 30 cryptocurrencies. Through its subsidiary Coinify ApS, Voyager provides crypto payment solutions for both consumers and merchants around the globe. To learn more about the company, please visit https://www.investvoyager.com.
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release. No securities regulatory authority has either approved or disapproved of the contents of this press release.
FORWARD-LOOKING STATEMENTS DISCLAIMER
Except for the historical information contained herein, the matters discussed in this release include forward-looking statements which are covered by safe harbors. Those statements include, but may not be limited to, all statements regarding management's intent, belief and expectations, such as statements concerning our future and our operating and growth strategy. These forward-looking statements are identified by the use of words such as "believe," "intend," "look forward," "anticipate," "schedule,” and "expect" among others. Forward-looking statements in this press release are subject to certain risks and uncertainties inherent in the Company's business that could cause actual results to vary, including such risks related to an economic downturn as a result of the COVID-19 pandemic, the realization of opportunities from the IMS acquisition, the management of the Company's growth, the loss of key resellers, the relationships with the Automated Clearinghouse network, bank sponsors, third-party card processing providers and merchants, the security of our software, hardware and information, the volatility of the stock price, the need to obtain additional financing, risks associated with new tax legislation, and compliance with complex federal, state and local laws and regulations, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission including its annual report on Form 10-K for the fiscal year ended December 31, 2020. One or more of these factors have affected, and in the future, could affect the Company’s businesses and financial results in the future and could cause actual results to differ materially from plans and projections. The Company believes that the assumptions underlying the forward-looking statements included in this release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by us or any other person that the objectives and plans will be achieved. All forward-looking statements made in this release are based on information presently available to management. The Company assumes no obligation to update any forward-looking statements, except as required by law.
Contact:
Joe Hassett, Investor Relations
joeh@gregoryfca.com
484-686-6600
Michael Legg
Chief Communications Officer, Voyager Digital
(212) 547-8807
mlegg@investvoyager.com
Voyager Public Relations Team
pr@investvoyager.com
FAQ
What is the recent partnership announced by Usio?
How many cryptocurrencies can Usio merchants accept through this new service?
When is the new cryptocurrency payment service expected to be available?
What advantages does the new partnership provide for Usio's merchants?
