Zero Hash helps Nium with crypto payments
Global money platform Nium has joined forces with B2B2C crypto infrastructure platform Zero Hash in a partnership that allows Nium’s US customers to leverage crypto to fiat payment solutions.
According to a press release on Wednesday (October 26), the collaboration will also allow Nium customers to buy and sell crypto and is made possible through an application programming interface (API) integration with Zero Hash’s platform.
“Crypto is undoubtedly playing a significant role in the B2B space with businesses actively seeking new ways to differentiate their core offerings,” Joaquín Ayuso de Paúl, head of Nium Crypto and Web3, said in the release.
“By including products like crypto investing and crypto payments, companies can create new revenue streams to stay ahead of the competition.”
Nium says their platform is among the first to combine “the power of a trusted payment network with the decentralized and flexible crypto rails.”
The partnership will allow it to use Zero Hash’s crypto-as-a-service infrastructure to remove technological and regulatory complexities from crypto-to-fiat conversions and launch crypto-based products, such as liquidity, settlement, custody and compliance infrastructure.
It’s been a remarkable month for Zero Hash, which has signed partnerships with consumer finance app Eco, FinTech Current and blockchain infrastructure platform Blockdaemon.
Read more: Mastercard’s crypto arm targets FIs seeking customer trading offerings
Earlier this week, PYMNTS reported on a move by Mastercard to provide support to financial institutions looking to offer clients white-label trading and custody services for cryptocurrency.
A recent survey by the card payments giant showed that 60% of consumers were interested in a bank that offers crypto services, Raj Dhamodharan, Mastercard’s executive vice president of blockchain and digital asset partnerships, told PYMNTS’ Karen Webster.
“Crypto is entering a maturity cycle where more and more consumers are interested in investing in it as an asset class,” he said, adding that many want to get these services from the financial institution they do business with every day.
“This is the same thing that happened in the stock trading and investment world as well,” Dhamodharan said. “It used to be individual companies that offered trading, and over time every financial institution began to offer stock trading as part of their financial services portfolio.”
For all PYMNTS crypto coverage, subscribe to the daily Crypto newsletter.
