Aliant Payment Systems Partners with BitPay to Process Bitcoin Payments

Aliant Payment Systems, a provider of merchant services and credit card processing based in the US, has announced that it will be partnering with BitPay, a Bitcoin payment processor, for Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term processing.

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Through this alliance Aliant Payment Systems will offer its merchants the ability to accept payments in bitcoins, becoming one of the first payment processing companies to do so.

Aliant CEO Eric Brown said: “Aliant is looking to the future of Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term, bitcoin and cryptocurrency, and we’re excited to bring a bitcoin solution to our clients. We look forward to showing merchants what bitcoin can do for online payments and what BitPay is doing for businesses transferring value globally."

BitPay CEO Stephen Pair commented: “Merchants accepting high-value payments online need a secure, fraud-free way to receive value, and we believe bitcoin provides that way. We are proud to be working with a forward-looking company like Aliant to bring this payment option to more businesses.”

The payment processing industry has become a highly competitive space, and companies must innovate and offer new products to their merchants and customers.

With Bitcoin gaining popularity around the world, we are seeing more companies and merchants beginning to accept the cryptocurrency despite its recent volatility.

Just a few days back, we saw Straits Financial LLC become the first US-based Futures Commission Merchant to utilize the services of BitPay.

BitPay has been adding new features to its wallet and partnered with companies like Amazon and Worldcore to expand itself, and Bitcoin use in general.