PayNation Launches Crypto-Payment Portal for B2B Payments
PayNation, a Southern California-based payment technology firm, has announced a strategic alliance with Velocity Transactions and Blokko to introduce a new crypto-payment portal. This initiative aims to address the expanding need for various payment methods within the B2B (business-to-business) sector.
“The growing global demand for goods and services is fueling the need for more diverse payment options,” said Perryn Holtrop, CEO of PayNation. “With its built-in speed, security, and transparency, cryptocurrency provides businesses with an efficient way to process larger transactions more quickly and at a lower cost.”
The global B2B payments market is anticipated to undergo a significant transformation, with cryptocurrency emerging as a key solution. By the year 2030, the market is projected to reach a staggering $170 trillion, with traditional paper-based methods still accounting for $68 trillion of that amount. However, the potential of crypto-powered transactions is gaining recognition among businesses. Cross-border B2B payments alone are predicted to reach $56 trillion by 2030, with blockchain-based transactions playing a substantial role. Currently, 44% of corporations are already using crypto for cross-border payments, and this trend is expected to accelerate as blockchain technology becomes more integrated into payment systems. Industry analysts predict the global cryptocurrency market will approach $5 billion by 2030, driven by the benefits of speed, cost-effectiveness, and transparency in B2B transactions.
PayNation, a leader in B2B digital payments, monitors B2B payment trends to ensure its clients have access to the latest payment technology. This will aid businesses in accessing their funds more quickly and securely. The alliance between Blokko and Velocity Transaction was developed to shorten the time to market and deploy technology that offers the most value with the least disruption to clients’ existing systems and infrastructure. The selected solution is secure and offers fast transaction times, with wide reach to numerous digital wallets and rapid cash settlements. Businesses never handle crypto, eliminating additional legal requirements. PayNation’s crypto solution does not require knowledge of blockchain technology. Volatility is mitigated by converting the transaction amount into local currency at the time of payment, and multi-layer authentication and end-to-end data encryption ensure transaction security.
“The PayNation partnership with Blokko is a game changer for B2B commerce,” said Gustavo Jiminez, CEO of Blokko. “We are pleased to partner with a team that recognizes the revolution of payments in the B2B space globally, and who is taking the lead in rolling out a safe, seamless, scalable crypto and cross-border payment solution today.”
The Crypto-Payment Portal is immediately available. For information on how to integrate it into your payment solution, contact info@paynation.us.
About PayNation
PayNation is a payment technology company based in Southern California that is revolutionizing B2B payment solutions. It offers customized digital and traditional payment processing, proprietary technology, and omnichannel payment acceptance solutions for Manufacturers, Distributors, Wholesalers, E-Commerce and SaaS Technology companies.
About Velocity Transactions
Velocity Transactions (VT) partners with a crypto payments solution offering easy integration and wide market reach. Together with the Blokko technology team, VT offers a crypto payment solution compatible with major digital wallets, including those of over 600 million customers.
About Blokko
Blokko.io is a fintech company focused on revolutionizing payment processing by seamlessly integrating alternative payment methods, including crypto payments and real-time payment solutions, improving efficiency and catering to the evolving needs of modern consumers.
