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Nets teams up with Salamantex to boost crypto acceptance in Austria

By Megha Bhattacharya

April 01, 2021

  • Austria
  • Nets Group

European payment service provider Nets has teamed up with Austrian company Salamantex in a bid to boost acceptance of digital currencies such as Bitcoin, Ether and Ripple to in-store points-of-sale in Austria. The partnership will also help prepare for the introduction of future digital currencies such as the e-Euro.

Regardless of whether cryptocurrencies are regulated as investment objects or means of payment in the future, “the introduction of digital currencies by central and national banks is only a matter of time,” said Robert Hoffmann, CEO of Nets Merchant Services. “The underlying technology for the e-Euro, the e-Franc or the e-Krona is the same as for cryptocurrencies. Their time will come and they will fundamentally change the payment market across Europe.”

Nets – through its subsidiary Concardis – is working with Salamantex to enable all merchants, service providers and restaurateurs in Austria to accept cryptocurrency transactions from consumers on common payment terminals, in addition to classic payment methods such as credit or debit cards.

“The rollout of crypto acceptance at the checkout in Austria is an important milestone for the future of digital payment,” said René Pomassl, CEO of Salamantex. “We want to make payments with digital assets – be it Bitcoin, Ether or, in the future, the e-Euro – available to the masses: securely, easily and in compliance with all regulatory requirements of the respective country.”

“As soon as the context and the rules have been established by the authorities in other European countries, we are ready to further expand crypto acceptance with Salamantex and offer it to merchants there as well,” concluded Hoffmann.

Recently, Luxembourg-based Gerlionti selected Nets Estonia for supporting the development of its new digital payment system GerliPay. GerliPay is Gerlionti’s fully-digital payment solution for startups, SMEs and large corporates, designed to provide seamless, flexible and customer-centric financial services. The platform will enable remote onboarding, business payment cards and salary payouts, multi-currencies, direct debits and more.

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