InComm partnership allows traders to accept crypto

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Global payments company InComm Payments said it is working with Flexa to provide customers with an easier way to accept digital currency.

The company said in a Wednesday, July 7 press release that the new integration will allow merchants already connected to InComm to add in-store and online acceptance of currencies such as bitcoin, ether, litecoin and zcash, supported by Flexas zero fraud guarantee.

Merchants can add these currencies to their payment portfolio using their point-of-sale hardware and software, obtaining settlement in U.S. dollars or digital currency at no cost.

As digital currencies gain popularity and rapidly gain adoption by consumers, it is crucial for retailers to follow a wide range of payment options, Stefan Happ, president of InComm Payments, said in the press release. .

By integrating with the complete Flexas solution for digital currency acceptance, we have helped unlock powerful consumer spending opportunities for brands and further enrich the consumer experience.

The move comes as there is evidence of a growing awareness of our ability to use crypto in day-to-day commerce, as well as a growing desire to take advantage of this ability, such as the revealed a recent PYMNTS survey.

PYMNTS research, conducted with BitPay, found that crypto ownership is on the rise, up 63% year over year. Income levels help determine who owns the cryptocurrency: People earning at least $ 50,000 to $ 100,000 are among the people most likely to have owned the currency in the past or to own it now.

The survey also found that more than half of current or former crypto owners made at least one purchase with digital power last year, while 59% of consumers who have never owned crypto are interested in make a purchase with this one in the future. Up to 46% would consider using crypto in retail stores whether or not they own digital currency now.

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