ONE.io and BoomFi Collaborate to Unveil ONE Gateway for Crypto Payments
ONE.io and BoomFi Collaborate to Unveil ONE Gateway for Crypto Payments
In a significant move for the fintech landscape, ONE.io, a prominent player in global payments and digital assets, has announced a new partnership with BoomFi to launch the ONE Gateway. This innovative solution aims to enhance businesses' ability to manage and accept crypto payments seamlessly.
Understanding ONE Gateway
The ONE Gateway is designed to embed cryptocurrency payment capabilities into ONE.io's existing services. By doing so, it allows clients to handle payments in leading cryptocurrencies effortlessly. The payments can come through various methods, including pay links, invoices, checkout flows, and even recurring billing options.
One of the standout features of this integration is the automated conversion of crypto payments into fiat currency, which means funds are immediately settled into ONE.io business accounts. This system will reduce the complexity for businesses that desire to integrate digital assets into their operations without needing extensive modifications to their existing processes.
A Speedy Road to Integration
According to Pritpal Shokar, Head of Product at ONE.io, the collaboration with BoomFi was driven by a need for speed in the fast-evolving crypto market. He noted, "BoomFi provided us with the speed to market we needed in a fast-moving sector. Their comprehensive payment gateway enables us to offer crypto acceptance to our clients with ease and confidence."
The growing demand for digital asset integration in financial services led ONE.io to recognize the necessity of supporting crypto-native businesses efficiently and compliantly. The ONE Gateway aims to provide global coverage while ensuring a seamless user experience without compromising on high banking standards.
Features of the ONE Gateway Integration
The ONE Gateway features several key capabilities that are vital for modern financial operations:
- - Crypto Payment Acceptance: Businesses can accept payments through various methods, including pay links, checkouts, and invoices.
- - Automated Crypto-to-Fiat Settlement: Payments are automatically converted into fiat currency, easing the financial management process for businesses.
- - Recurring Billing: Businesses that operate on subscription models can utilize the recurring billing feature.
- - Merchant Dashboard: A dedicated dashboard allows real-time tracking, reconciliation, and reporting of transactions.
- - Compliance Framework: The integration is structured to align with institutional compliance frameworks, ensuring that businesses can operate within legal boundaries.
Meeting the Growing Demand for Crypto
James Gordon, COO of ONE.io, emphasized the critical nature of this integration, stating, "Crypto payments are no longer an emerging trend; they're a growing expectation. Through BoomFi, we're equipping our clients with the infrastructure they need to meet that demand and scale with confidence."
This development signifies a robust response to the rising expectations for integrated financial services that accommodate cryptocurrency. It represents a step into the future of embedded finance, where fintech solutions seamlessly blend with the growing sphere of digital assets.
Implications for Fintech and the Future
The partnership between ONE.io and BoomFi also underscores the increasing convergence of traditional fintech services and the burgeoning world of Web3 technologies. As businesses continue to explore the feasibility and benefits of adopting digital assets, the necessity for solid infrastructure to manage these transitions is becoming more pronounced.
Jack Tang, CEO of BoomFi, described the momentum they are witnessing, stating, "We’re seeing increasing momentum from fintechs embedding crypto acceptance into their core product offerings. This collaboration with ONE.io reflects how crypto infrastructure is maturing to meet real business needs."
About the Companies
BoomFi, as a trusted provider of crypto payment infrastructure, offers a range of tools that empower fintechs, payment service providers, and banking as a service platforms to integrate compliant digital asset acceptance along with fiat settlement with minimal effort.
ONE.io focuses on delivering a comprehensive suite of financial services, including business accounts, global payments, spot FX, and crypto trading, catering to the intricate needs of corporate clients on a global scale.
As the digital finance landscape evolves, partnerships like that of ONE.io and BoomFi exemplify the industry’s move toward more integrated, user-friendly experiences, paving the way for wider acceptance and utilization of cryptocurrencies across various sectors.
Topics Financial Services & Investing）
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