Latest news with #PDXBeam
Finextra
a day ago
- Business
- Finextra
Retailers Accepting Crypto Payments – With Instant Settlement in Cash: By Shane Rodgers
Cryptocurrency payments are gaining interest in the retail world, from luxury watches to fast food. As consumers express interest in paying with digital assets, businesses see a means of gaining a larger customer base. With a new generation of crypto payment solutions now available, businesses can accept crypto seamlessly, converting it instantly to their local currency. The merchants never touch the crypto, so there is no need to worry about crypto volatility, wallets to manage, or compliance headaches. A Shift in Retail Payments Consumer desire to use crypto at checkout is growing fast. The numbers back it up: 65 million Americans now own crypto, and according to Capital One, 80% would like to use it for everyday purchases. These consumers may be shopping for luxury items, but they also want to pay for groceries, plane tickets, and even fast food with digital currency. What's more, crypto users typically spend twice as much as those using traditional cards. Retailers are responding. In the United States alone, over 6,000 merchants already accept Bitcoin payments, and a Deloitte survey reveals that 85% of retailers see crypto as a tool to engage new audiences. Early Adoption Across Sectors The pay by crypto option isn't just theoretical — businesses are already seeing the impact. PDX Beam has been piloting its payment gateway with dozens of merchants across diverse industries, from diamond sellers to luxury car dealerships. By offering crypto-based payment these businesses are accessing a new demographic of spenders. One international fast-food chain is launching a crypto payment pilot in ten Miami-Dade locations, part of its expansive U.S. presence of 6,800 outlets. These tests could soon bring crypto payments to the mainstream of fast-food transactions. Beyond individual retailers, major retail payment players behind the scenes are getting involved. A $7.5 billion financial institution has signed a deal to process crypto payments, while a private equity group is using PDX Beam to enable crypto transactions for its portfolio of retailers. Eliminating Crypto Exposure for Merchants For most merchants, the biggest worry is dealing with crypto's price swings and the operational headaches of managing digital assets. PDX Beam's modern crypto-to-cash gateway eliminates that concern entirely. When a customer pays in crypto, the system instantly converts it to local currency and deposits the funds directly into the merchant's account — usually within seconds. Retailers don't touch the crypto themselves, meaning there's no exposure to volatility and no need to maintain separate crypto accounts. Plus, because these payments settle on blockchain rails, they help reduce the risk of chargeback fraud, offering merchants an extra layer of security. Lower Fees and Instant Settlement Another major benefit is the fees associated with crypto payments. While traditional card payments come with fees that can reach 3-4% for standard transactions and up to 7% in high-risk sectors (including cannabis stores), crypto payments bypass these intermediaries, lowering transaction costs to less than half Visa/MC charges. Settlement speeds are another major advantage. Credit card transactions can take days to clear, but crypto payments through these new gateways settle in real time or the same day — helping retailers improve cash flow. Positioning for the Future The shift toward crypto payments isn't slowing down. Big banks like JP Morgan and Goldman Sachs are launching crypto products, and the U.S. government is laying the groundwork for regulations that will support the growing digital asset economy. Worldpay forecasts that crypto spending worldwide will more than double by 2030, from $16 billion to $38 billion. For retailers, the takeaway is clear: crypto payments aren't a passing trend. Consumers want to use it, and with modern gateways eliminating risk and complexity, merchants can meet this demand safely and efficiently. By enabling crypto transactions without ever directly handling digital assets, retailers can meet the needs of this new generation of shoppers who are living increasingly digital-first lives.
Business Wire
19-05-2025
- Business
- Business Wire
$TRUMP Token is Now a True Currency on the PDX Beam Payments Platform
NEW YORK--(BUSINESS WIRE)--PDX Global, a digital payments technology developer for the crypto economy, today announced that PDX Beam —its proprietary crypto-to-cash payments platform for consumers and merchants—now hosts and supports OFFICIAL TRUMP, the $TRUMP token. It is one of the crypto tokens on the Beam platform that can be used for merchant payments and is instantly convertible to cash. PDX Beam is making $TRUMP meme coin spendable. The addition of $TRUMP to the list of PDX Beam-hosted cryptocurrencies enables holders to purchase everyday goods and services from participating brick-and-mortar or online merchants. Share The addition of $TRUMP to the list of PDX Beam-hosted cryptocurrencies enables holders to purchase everyday goods and services from brick-and-mortar or online merchants. The gateway integrates with any point-of-sale system for a near-instant and seamless crypto-to-cash conversion at a fraction of the cost charged by VISA and Mastercard, with no crypto exposure or risk whatsoever for merchants. Integration costs the merchant nothing, does not require any additional equipment, and does not disrupt other supported payment rails. 'There are more than 642,000 $TRUMP token holders whom merchants would like to serve,' said Shane Rodgers, CEO, PDX Global. 'Token owners themselves can now use their holdings to purchase real-world goods and services rather than simply hanging on to these assets as a speculative investment. PDX Beam enables them to pay for goods and services with their tokens using their PDX Beam app—and no cards required.' The OFFICIAL TRUMP ($TRUMP) crypto token has been an extremely popular meme coin. It was launched on the Solana blockchain January 17, just days ahead of President Trump's inauguration. Two hundred million of the one billion total tokens were publicly released in a sale. The tokens were quickly snapped up and continue to be popular with many crypto investors. The PDX Beam platform is easily integrated into existing POS terminals at no cost to the merchant. Once set up, the merchant generates a QR code that is scanned by the customer's phone from their crypto wallet. Settlement of the funds into the merchant account in local fiat currency typically takes as little as 15 seconds. 'Using PDX Beam as a payment option sidesteps the antiquated MC/VISA card system that requires merchants to pay, in some cases, as much as 7% in interchange fees, and wait anywhere from two to eight days for settlement,' said Rodgers. 'And merchants never see or touch the crypto, so there is zero exposure and zero risk—the conversion happens internally within PDX, with local fiat currency settling directly and immediately into the merchant's bank account.' 'This integration with $TRUMP gives, for the first time, true utility to the hundreds of thousands of token holders who want to find a way to turn their investment into a medium of exchange,' Rodgers continued. PDX Beam is currently running an exhaustive beta test program with merchants and vendors across a wide range of verticals, across the United States. Merchants interested in signing up with PDX Beam can visit Images available here. PDX Beam is a unique and proven payment platform that aims to make it easy for hundreds of millions of users worldwide to participate in the crypto economy and bring digital assets more fully into the mainstream. The PDX group has successfully developed a proprietary suite of mobile and web-enabled payments applications—collectively 'PDX Beam'—that enables fast, seamless and cheap crypto-to-fiat conversions with very low merchant fees, making thousands of cryptocurrencies usable in eventually millions of locations worldwide as the PDX Beam business scales.
