Net Element Launches Multi-Channel Blockchain-Powered Payments Acceptance Application as Part of its Netevia Platform

Net Element (NASDAQ:NETE) has announced that it has launched its multi-channel blockchain-powered payments application.

As quoted in the press release:

The fully compliant and secure Cryptocurrency payment acceptance application forms part of Netevia, a recently launched feature-ready multi-channel payments platform that connects and simplifies payments through a single integration point while increasing economic efficiency of all transactions made within the ecosystem. This model complements Net Element’s ability to perform in a multi-channel environment, including POS, e-commerce, mobile devices and blockchain technology solutions.

Retailers and services providers have typically struggled with inefficient and costly payment mechanisms that have not kept pace with global commerce. The Netevia platform supports the use of cryptocurrency as a payment method in a multi-channel commerce environment including Poynt and PAX smart payment terminals, e-commerce, in-app or online payment forms that combine credit card and cryptocurrency payment methods in one simplified interface.  Developers may use Netevia’s API payment mechanism to add cryptocurrency acceptance functions as is or create new ones to fit their needs using Netevia’s user-friendly developer center.

“Over the past few years blockchain technology  has revolutionized the world of payments thanks to its decentralization, cost-effectiveness and convenience,” commented Vlad Sadovskiy, President of integrated payments for Net Element. “The addition of a cryptocurrency payment acceptance option to our Netevia platform carries forward our tradition of innovation as we power global commerce.”

Click here to read the full press release.