Apriva Partners with GoCoin to Offer Bitcoin and Altcoin Payments

Apriva's new partnership with GoCoin will allow its merchants to offer payment options in bitcoin and other digital currencies.

AccessTimeIconAug 26, 2014 at 11:00 a.m. UTC
Updated Aug 18, 2021 at 3:15 p.m. UTC

Presented By Icon

Election 2024 coverage presented by

Stand with crypto

apriva
apriva

International payments platform GoCoin has announced a technology partnership with point-of-sales (POS) service provider Apriva.

  • Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
    13:18
    Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
  • Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny
    05:10
    Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny
  • The first video of the year 2024
    04:07
    The first video of the year 2024
  • The last regression video of the year 3.67.0
    40:07
    The last regression video of the year 3.67.0
  • Apriva’s Gateway connects payment devices, merchant acquirers and payment processors to deploy and manage wireless payments. The new deal will allow it to process payments in multiple digital currencies including bitcoin, litecoin and dogecoin.

    Stacey Finley Tappin, Apriva’s senior vice president of sales and marketing communications for North America, told CoinDesk that the company strives to offer products and services to its more than 1,000 channels that allow them to differentiate themselves to their merchant base.

    She explained:

    “The goal for this partnership is to be the first payment gateway offering digital currency acceptance in the traditional SMB [small to medium-sized business] marketplace and mobile space.”

    The company’s reseller base won’t have to risk market volatility under the scheme – GoCoin will allow merchants to either keep the coins or trade them for fiat currency at the current market rate.

    , founder and CEO of GoCoin, said: “Our partnership will enable Apriva’s resellers and ISVs [independent software vendors] to provide their merchants the most comprehensive selection of payment options offered today.”

    Implementing digital currencies

    Apriva plans to roll out digital currency acceptance in all its products, Tappin said. This includes its mobile app, AprivaPay Plus; traditional terminals including mobile wireless, dial and IP; Apriva's Integrated Services offerings (incorporated in its APIs); and in its 'unattended' solutions for vending machines and kiosks, among other things.

    Tappin said:

    “We are continually looking to expand our gateway and acceptance capabilities. Digital currency will be another form of payment acceptance we can provide our resellers and their respective merchants.”

    currently supports credit and debit cards, Electronic Benefit Transfer, loyalty schemes, checks and closed-loop payments.

    Apriva CEO Chris Spinella said that digital currencies are driving change within the payments industry and indicated that the deal was motivated in part by increasing consumer interest in the technology.

    “Our customers rely on us to be at the forefront of innovation,” he said.

    Wider bitcoin merchant adoption

    Tappin told CoinDesk that GoCoin is an ideal partner for Apriva because it offers multiple currency acceptance – not just bitcoin, litecoin and dogecoin, but also emerging altcoins.

    GoCoin is also currently endeavoring to meet the needs of consumers and merchant clients by making bill payment with digital currencies more accessible to the mainstream.

    For example, earlier this month it released an email and text message billing system by which merchants can request payments from their customers.

    Payments technology image via Shutterstock

    Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information have been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.


    Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.



    Read more about