Segpay is breaking new ground by offering its partners the option to process cryptocurrencies amid a sharp drop in prices and an uncertain future outlook for crypto. Effective immediately, businesses using Segpay as their payment platform can accept payments in the ten most popular digital currencies from all cryptowallets.
Cathy Beardsley, CEO of Segpay, says of the company’s long-awaited, albeit oddly timed, entry into the crypto business, »We are excited to offer one of the fastest growing payment solutions to our merchants and their customers.«
She adds, »Cryptocurrencies create opportunities for companies that want to attract new customers around the world including in locations where it is impossible to pay with traditional bank cards.«
10 Cryptocurrencies from the get-go
Segpay supports a whole range of cryptocurrencies at once, offering a crucial alternative to credit cards and traditional banking methods that have always been complicated for adult entertainment, but have become increasingly so in recent years.
Ever since credit card companies started putting pressure on businesses like MindGeek and Onlyfans, and even companies like Tumblr have had to bow to the demands of traditional financial services providers, many online adult businesses have had major headaches. Segway’s decision now opens up a new opportunity to process payments far from the over-regulated and anti-porn banking sector.
Segpay plans to accept the following currencies initially: Bitcoin (BTC), Bitcoincash (BCH), DASH, Ethereum (ETH), Litecoin (LTC), ProperT (PROPT), Tether (USDT), Tron (TRX), USD Coin (USDC) and XRP. All transactions comply with Know Your Customer (KYC) and Anti-Money Laundering (AML) requirements.
A Segpay spokesperson says, »With digital currency, there are no chargebacks or refunds. Funds are immediately converted to Fiat which drastically reduces digital currency risk. Segpay merchants can enable cryptocurrency by simply turning it on or off and can use a variable to customize which payment types can show to a specific customer.«
For more information, visit Segpay’s website.