Bitnet, an enterprise Bitcoin payments processor, and Zooz, an industry-leading payments platform provider, today announced a strategic partnership that will enable merchants to accept Bitcoin as a payment method on the Zooz payment platform.
Bitcoin is a digital currency that allows merchants to accept payment from anyone anywhere in the world at low cost and with no chargeback risk. Its reach, coupled with the ability to address points of friction in traditional payments networks, has led to a surge of interest in Bitcoin in recent years.
Zooz’s payments platform offers enterprise merchants the flexibility to connect with multiple financial institutions, seamlessly integrate acquirers, e-wallets and alternative payment methods, and intelligently route transactions between multiple financial institutions, fraud management and other third-party services. The platform enables merchants to maximize acceptance rates across all sales channels and geographies.
Zooz customers will be able to add Bitcoin as an option to their checkout pages quickly and easily. Bitnet will enable Zooz’s customers to accept payments in Bitcoin without being exposed to the risk of fraudulent transactions or any volatility in the price of Bitcoin.
“We have seen the growing interest in digital currencies among our customer base and are excited to partner with Bitnet to add Bitcoin to our service offering,” said Nathan Jackson, VP Europe, Zooz. “We selected Bitnet as a partner due to their advanced platform, integrity of its team, in addition to demand from some of our key customers for Bitcoin payments.”
“Our partnership with Zooz enables us to work with one of the most innovative payments platforms in the market,” said Akif Khan, Chief Commercial Officer, Bitnet. “We are excited to partner with this rapidly growing company and help its merchants drive profitability across all channels.”
Contributed | what does this mean?