Praxis Cashier System Ltd, a payment software provider for the fintech industry, and Prime Marshall CY have revealed exclusively to Finance Magnates that they have joined forces to bring Terrexa Pay, Prime Marshall’s cryptocurrency payment solution, into Praxis Cashier’s portfolio of products.
The strategic alliance will allow Terrexa Pay to be more easily accessible. This is because a special integration to use the solution is no longer necessary. Now, clients of Praxis can add the icon into their inventory using the company’s back office, to allow their customers to deposit through this service.
Terrexa Pay is a cryptocurrency exchange-based solution. It is a purely crypto payment channel which allows brokers and financial institutions to accept Bitcoin payments and, as a result, expand their client base.
Terrexa Pay Removes Crypto Anonymity
Anonymity with cryptocurrencies has created a hurdle for certain aspects of the industry, such as payments. Terrexa Pay removes this obstacle by allocating unique addresses to each end-user. Through this address, the solution can identify the source of each payment and give the client real-time payment information.
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In essence, this means the days of having to be constantly on the phone with the payer is over. It also removes the necessity to have a middleman, as the funds are sent directly into the broker’s wallet.
Commenting on the partnership, Amit Klatchko, Praxis Cashier’s founder and director said: “we are extremely proud to add Terrexa Pay to our payment solutions inventory. It is the perfect tool for our clients who are looking to overcome transactional barriers, or for those who are interested in receiving crypto to increase their customer base. It is an exciting business opportunity for us, and we are positive that it will be warmly welcomed by our users”.
Praxis Cashier, on the other hand, is a software that improves payment processing. The solution is customizable and facilitates all payment channels available on a clients website through one integration.
Ilea Surpin, CEO of Prime Marshall CY, added: “Praxis Cashier has established itself as the leading provider for online businesses requiring highly reliable and cost effective cashier services. Our mutual cooperation is ideal for introducing new clients to our payment solutions, as we both share a goal to provide clients from multiple industries with the best payment tools on the market”.