SpotOn Merchants Can Now Accept Cryptocurrencies with Vaultbank Partnership


Cryptocurrencies are going main-stream as more and more people are using them for everyday transactions. For merchants, this is a wake-up call to widen and diversify their payment options.

SpotOn Transact, LLC, one of the leading software and payment services providers, has heeded to this call and integrated cryptocurrency payments into its systems. Now merchants using this service can offer their clients to make payments in cryptocurrencies while they dictate the form of currency that eventually reaches them.

A Partnership With Vaultbank

The new payment option on SpotOn has been facilitated through a partnership with Vaultbank, an upcoming crypto company seeking to blend the best of traditional financial systems and cryptocurrency technology. In fact, the new relationship between both companies is built on much more. SpotOn is one of the several companies that contributed to Vaultbank’s initial funding-seed, and it is banking on the company to fill in gaps in the rapidly expanding cryptocurrency markets using its cutting-edge, hybrid technology.

Thanks to this partnership, merchants using SpotOn’s payments services will not be obligated to migrate to secondary payment systems that may be unsecure and expensive. They are even be spared the trouble of manually converting currencies.

Suiting Everyone’s Preferences

Vaultbank has plans to be one of the biggest cryptocurrency markets in the industry. To this end, it has made accommodations for a wide range of cryptocurrencies. This means that customers shopping from SpotOn’s merchants can pay in all the major cryptocurrencies and more: Bitcoin, Ethereum, Ripple, Dash, Bitcoin Cash, and many more. Transactions are guaranteed to be fast and secure with even more conveniences than existing fiat payment channels.

Convenience is also extended to the merchants as not all of them may prefer getting paid in cryptocurrencies. To this end, the merchants can choose whether to have payments made in cryptocurrencies converted into dollars instantaneously upon payment – they can also choose to have a separate wallet for their crypto payments.

Vaultbank is also finalizing plans to make it possible for merchants on SpotOn to launch loyalty programs using cryptocurrency tokens. This will be great for the merchants as it will help with marketing and promotion.

About Vaultbank

Vaultbank is positioning itself as the pacesetter for the future financial services. It is built on a hybrid of the best of traditional financial systems and emerging cryptocurrency technology. It is working its way to becoming a comprehensive platform for buying, selling, and sending cryptocurrencies. Its main focus is on investments as it will offer its clients the ability to tokenize securities. Vaultbank is like a public company as each of its security tokens represents a stake at the company.

About SpotOn Transaction, LLC

SpotOn Transact, LLC is one of the leading software and payment services providers in the market. It has a broad range of services which fall into three categories: customer engagement, payment processing, and business management. The company’s platform is especially popular with small and medium businesses thanks to its flexible tools and services.

Conclusion

Merchants using SpotOn’s payment services can now offer their customers the opportunity to make payments in a wide range of cryptocurrencies, thanks to a recent partnership with Vaultbank. Merchants should also look forward to customer loyalty programs that will run on cryptocurrencies courtesy of Vaultbank.

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