Cion Digital and Finturf partner to provide crypto financing options
By Edlyn Cardoza
Cion Digital, developers of the fully integrated Crypto Operating System, announced that it is partnering with Finturf to provide merchants and consumers with cryptocurrency-secured financing options at point-of-sale.
Cion Digital’s ready-to-deploy modular payments and the lending platform provides companies with the connectivity, infrastructure and support needed to rapidly deploy compliant blockchain-based real-time payment and lending solutions, enabling businesses to fuel revenue growth by launching new crypto offerings or expanding their existing capabilities.
Finturf is a multi-lender point-of-sale financing solution developed to serve merchants and service providers of all sizes to increase the merchant’s conversion rates and revenue of higher ticket items while also providing the consumer with a positive experience. Finturf’s technology enables merchants to convert more customers at checkout through options that can include Buy Now Pay Later (BNPL), split payments and installment loans from a broad portfolio of Finturf loan providers.
Through the partnership with Cion Digital, merchants and service providers — from traditional retail outlets to home improvement and medical service providers — will be able to offer their customers the ability to obtain crypto-secured loans for their purchases.
“Cion is excited to partner with Finturf as part of their lender network,” said Snehal Fulzele, Founder & CEO of Cion Digital. “Integrating cryptocurrency financing options will increase merchant’s competitive advantage while offering more favorable finance solutions to their customers.”
The facility will appeal to the growing population of crypto investors who do not wish to divest themselves of their holdings to avoid triggering capital gains or the loss of future earnings by converting into fiat and those with thin credit scores unable to access traditional finance at competitive rates.
“Partnering with Cion Digital is a great stride forward in being able to offer both merchants and consumers a wider array of payment options,” said Narek Khachatryan, General Manager & Head of Product at Finturf. “The integration not only bolsters merchants’ client acquisition and servicing capabilities, but it also benefits consumers looking for alternative financing options at competitive rates tailored to their individual circumstances.”
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