Gr4vy Partners with BitPay to Help Merchants Harness the Power of Crypto Payments

Partnership represents an instant advanced crypto payment option for Gr4vy merchants and their customers

SAN MATEO, Calif., September 20, 2022 /PRNewswire/ — Gr4vya cloud-native payments company, today announced a new strategic partnership with BitPay to enable its merchants to easily accept crypto payments through BitPay’s payment offering. As part of Gr4vy’s codeless payment (POP) orchestration platform, merchants can now implement and offer BitPay’s advanced crypto payment options without assuming additional crypto risk, fear of chargebacks, from fraud or high transaction fees while expanding into new global markets.

The size of the global cryptocurrency market was valued at $1.49 billion in 2020 alone, and should reach $4.94 billion by 2030. Today, a majority of merchants already believe that customers have significant interest in digital currencies, and almost 75% said they plan to accept stablecoin payments or cryptocurrency payments within the next two years. Consumers are increasingly interested in paying with digital currencies, which shows merchants need to take notice.

“Consumers today continue to demand alternative payment methods. Merchants looking to stay competitive can no longer afford not to offer various payment methods, such as crypto, or they will find customers opting for merchants meeting their payment needs. Merchants have also started considering their Web3 strategy, which makes the ability to offer and accept crypto payments more critical as they look to the future,” said John Lunn, founder and CEO of Gr4vy. “We designed our cloud-native POP to make it easier and faster to implement new, innovative payment methods. As the trusted global leader in blockchain payments, BitPay was the perfect partner for our more 11 years of blockchain payment expertise. We are committed to helping merchants tap into the massive crypto market and accept crypto payments.”

As part of the partnership, merchants using Gr4vy’s cloud-native POP can now instantly add BitPay to their no-code payment stack and start accepting crypto payments through the BitPay checkout. Merchant customers have access to payment using 15 different cryptocurrencies, as BitPay currently supports: ApeCoin (APE), Bitcoin (BTC), Bitcoin Cash (BCH), Dogecoin (DOGE), Ethereum (ETH), Litecoin (LTC), Shiba Inu (SHIB), Wrapped Bitcoin (WBTC), XRP (in some countries), $5– indexed stablecoins (BUSD, DAI, GUSD, USDP and USDC) and a EuroEUROC backed stable. BitPay supports the most popular crypto wallets. Its app, browser extension, and card are compatible with wallets like Blockchain, Coinbase, Kraken, Metamask, BRD, and many more.

The addition of BitPay to Gr4vy’s platform allows merchants to accept payments and get settled the next business day, with a reach of over 220 countries worldwide to settle in local fiat. Merchants never have to hold crypto and for the process, BitPay charges a flat 1% transaction fee.

“At BitPay, we’re proud to be the world’s leading provider of bitcoin payment technology and to see the future of blockchain payments. Many other companies that make cryptocurrency payments don’t look at it from the point view of the workflow of a payment, we do it,” said Stephen’s Pair, co-founder and CEO of BitPay. “We chose to partner with Gr4vy because they share our same commitment to providing best-in-class payments services. Working with Gr4vy’s payments orchestration platform makes it easy for merchants to add an option crypto payment.”

Gr4vy’s no-code payments orchestration layer makes it easier for merchants to deploy, manage, customize, and optimize the right payment method for the specific user. The company offers merchants their own dedicated instances of Gr4vy in the cloud, preventing shared infrastructure or server loads unlike other solutions on the market. Traders can get multiple dedicated instances of Gr4vy to reduce points of failure and ensure they never lose a trade. Gr4vy also includes everything merchants need for payment infrastructure, including connectors to major payment service providers, a powerful workflow engine, front-end and back-end payment orchestration, no-code administration and a dashboard to control and manage everything in their payment stack.

Gr4vy can also create edges for a merchant’s instance and deploy it in any region or country, keeping merchant and customer data in the region or country where they were deployed, helping merchants to comply with data privacy protection laws which now prevail in many countries. The result is a truly modern cloud-native POP that allows merchants to focus on their business and their customers.

For more information about Gr4vy, please visit https://gr4vy.com/.

About Gr4vy

Gr4vy is a cloud-native payment platform that simplifies payment infrastructure management for merchants, allowing them to focus on what matters most. We are redefining payments by providing an intuitive, industry-leading payments orchestration platform (POP) that harnesses the power of the cloud to modernize payments infrastructure. Our orchestration layer upgrades the merchant payment stack to make them more agile. Our no-code dashboard centralizes the onboarding and management of a merchant’s payment methods, providers, terms, and transactions and enables them to get more done in less time. We enable merchants to streamline and manage payment methods, services and transactions in one place. At Gr4vy, we are passionate about payments, efficiency and extraordinary customer experience.

About BitPay

Founded in 2011, BitPay pioneered blockchain payment processing with a mission to transform the way businesses and individuals send, receive and store money. Its commerce solutions eliminate transaction fraud, reduce the cost of payment processing, and enable borderless cryptocurrency payments, among other services. BitPay offers consumers a complete digital asset management solution that includes the BitPay Wallet and the BitPay Prepaid Card, allowing them to turn digital assets into dollars to spend at tens of thousands of businesses. The company has offices in North America, Europeand South America and collected more than $70 million in funding leading investment firms including Founders Fund, Index Ventures, Virgin Group and Aquiline Technology Growth. For more information, visit bitpay.com.

The BitPay card is issued by Metropolitan Commercial Bank (Member FDIC) pursuant to a license from Mastercard International Incorporated. “Metropolitan Commercial Bank” and “Metropolitan” are registered trademarks of Metropolitan Commercial Bank ©2014. Use of the card is subject to the terms and conditions of the applicable cardholder agreement and fee schedule, if any.

SOURCE Gr4vy