Mobile payments app Slide expands checkout options; includes cryptocurrency through BitPay
By Pavithra R
Blockchain payment technology provider BitPay has announced that mobile payments app Slide, created by PayPal backed Raise Marketplace, is expanding checkout options by adding cryptocurrency as a payment option using BitPay.
Slide enables consumers to earn unlimited 4% cashback instantly when paying online or in-store through contactless checkout. The integration enables customers to earn 5% cashback when paying with crypto through BitPay. Crypto funds deposited ahead of time earn an extra 1% on every purchase and sped up the payment process at checkout.
“Crypto offers merchants like Slide a huge opportunity to attract new customers and sales, and with the recent run-up in the value of bitcoin, we are expecting a significant jump in spending for the holiday season as it’s a great time to add crypto as a payment option. BitPay allows Slide to accept crypto as a form of payment without having to hold crypto or pay the high fees associated with traditional payment methods,” said Sonny Singh, Chief Commercial Officer with BitPay.
Slide besides providing a safe, touch-free payment mechanism, enables cash back savings for consumers at a variety of retailers. The Slide app works with 150 retailers at 100,000 nationwide locations, including Lowe’s, Ulta Beauty, Chipotle, and more. To pay with Slide, customers need to select the retailer, enter the purchase amount and input the serial number online at the point of sale or scan a barcode on their phones. Slide customers can also link to credit cards, Apple Pay or Google Pay.
“With Slide, crypto users can spend their funds on everyday items and holiday gifts from brands that don’t traditionally accept crypto. With a rise in bitcoin usage and value, we chose BitPay to manage the processing of crypto payments because they handle the entire process of getting crypto from the customer and depositing cash into our account,” said Jay Klauminzer, CEO of Raise Marketplace, LLC.
Founded in 2011, BitPay builds powerful, enterprise-grade tools for crypto acceptance and spending. The FinTech is developing blockchain payment technology to transform how businesses and people send, receive, and store money around the world. BitPay accepts Bitcoin Cash, Bitcoin, XRP and Ether, as well as 4 dollar-pegged stablecoins, USDC, GUSD, PAX and BUSD for payment.
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