Cryptocurrency, and Bitcoin in particular, have been proclaimed by many as the future of currency. However, today, few merchants accept cryptocurrency as a payment option. This difficulty in spending cryptocurrency makes it challenging to become a mainstream payment method.
The Problem With Cryptocurrency Conversion
Typically, when a crypto user wants to convert their cryptocurrency to US dollars to make purchases, they need to deposit their crypto assets into an exchange. From there, they need to sell them and then wait to transfer the converted funds to their bank account, often via ACH, which can take a few days. This process and model is cumbersome and does not meet today's savvy digital payments users' needs.
LiquidCrypto: A Modern Cryptocurrency Conversion Engine
Enter LiquidCrypto, a conversion engine that gives crypto users the ability to convert their cryptocurrencies, like Bitcoin, Bitcoin Cash, Etherium, and Litecoin, to US dollars in near real-time. Liquid Crypto then sends the US dollars from the converted crypto to a prepaid card, debit card, or digital wallet. This conversion will allow crypto users to use those funds to make purchases anywhere debit cards are accepted.
Cascade LiquidCrypto Features Included:
- Built-in high-performance exchange engine.
- Support for multiple digital currencies (e.g., Bitcoin, Bitcoin Cash, Litecoin, Ethereum, etc.).
- Highly configurable and extendable to best fit within your already existing mobile payment app and/or program. You can add LiquidCrypto to card programs that you process or manage or we can bolt on a card program to LiquidCrypto.
- Bank-grade security and fully PCI-DSS Level 1 compliant.
Our LiquidCrypto conversion engine API is lightning-fast, utilizing RESTful APIs, which can be added to your existing mobile app or card program. Using our API, you can get real-time quotes, create wallet addresses for your users, and receive updates at all stages of a transaction via our webhooks so you can keep your cardholders updated.
Custody and Non-Custody Solutions
LiquidCrypto offers both custodial and non-custodial options. With the custodial option, crypto is converted in real-time as point-of-sale transactions are approved. This method keeps the funds as crypto for as long as possible. On the other hand, with the non-custodial option, crypto is proactively converted by the user and sent to their prepaid card, debit card, or mobile wallet. This gives the crypto user more control over when they convert their crypto-to-US Dollars.
Contact Your New Issuer Processor
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Convert Cryptocurrency in Your Payments Program
There is no easier way to tap into the growing cryptocurrency trend and make your card program stand out from the crowd. By integrating our LiquidCrypto conversion engine into your card program, your cardholders will be able to send their cryptocurrency to their debit or prepaid cards with ease.
Getting started is simple. Just speak with one of our cryptocurrency debit card program experts and tell them what you need. We’ll get to work on designing a program that achieves your goals with a minimum of hassle. Call us today at 702-745-3065 or complete the form below and let’s get started on building a custom-tailored cryptocurrency prepaid card program for you.