Lunu Pay, a leader in Web3 payment technology, has teamed up with Ingenico, a global powerhouse in payment solutions, to launch cryptocurrency payment capabilities for physical retailers. Through this collaboration, Ingenico’s Android-based POS terminals now support a wide array of cryptocurrencies, including Bitcoin, Ethereum, and USDT, as well as integration with over 70 crypto wallets like Binance, Coinbase, and Trust Wallet. This new solution offers merchants same-day settlement in local currencies such as EUR, GBP, USD, and CHF, easing the transition to digital currency acceptance.
Ingenico, a major global payments solutions provider, has undergone significant changes and expansions in recent years. In 2022, Ingenico was acquired by Apollo Funds, marking its transition to an independent entity following a previous deal with the now troubled Worldline. This change opened a new era for Ingenico, with a focus on expanding its product and service offerings, including cloud-based solutions and a broader ecosystem approach to payments
Recently, Ingenico has continued to innovate in the payments space, particularly with its Android-based POS terminals. These terminals now support an increasing range of payment options, including cryptocurrencies, allowing merchants to accept payments in Bitcoin, Ethereum, and other digital currencies. This move aligns with Ingenico’s strategy to stay at the forefront of digital payment trends
In 2024, Ingenico has partnered with various crypto firms, such as Crypto.com and Binance, to provide new payment solutions and expand into the growing crypto market
Ingenico. These partnerships and the overall direction reflect Ingenico’s continued efforts to enhance its offerings, with a strong emphasis on convenience, security, and adaptability for merchants globally.
With Lunu Pay’s seamless integration, retailers can accept crypto payments without the need for extensive modifications to existing systems. The technology provides an automatic conversion feature, enabling payments to be processed in euros or other local currencies instantly. This reduces the risks associated with cryptocurrency price volatility, ensuring a stable and efficient in-store payment experience.
Paving the Way for Mainstream Crypto Use in Retail
Pavlo Denysiuk, CEO of Lunu Pay, emphasized the significance of this partnership for the retail sector, stating, “Collaborating with Ingenico allows us to bring crypto payments into the mainstream retail environment. Our goal is to make digital currency transactions easy for both consumers and merchants, breaking down technical barriers and creating more accessible payment options.”
Erik Vlugt, Chief Solutions Officer at Ingenico, echoed these sentiments: “Our alliance with Lunu Pay represents our commitment to providing cutting-edge payment solutions. As cryptocurrency continues to gain traction, this integration empowers retail businesses to offer secure and efficient crypto payment options with minimal changes to their current systems.”
Ingenico’s Broader Crypto Expansion
The Lunu Pay partnership follows Ingenico’s recent collaborations with Crypto.com and Binance, as the company continues to expand its cryptocurrency payment offerings. Earlier this week, Ingenico and Crypto.com announced a pilot for their new crypto payment solution, set to roll out with select merchants in early 2025 across multiple regions, including the U.S., Canada, and Europe. With this “plug-and-play” system, Ingenico aims to reach millions of crypto users globally, providing retailers with secure, flexible payment options that align with the growing demand for alternative digital payments.
Enabling a Future-Ready Retail Experience
By incorporating Lunu Pay’s crypto-to-currency conversion system into its POS terminals, Ingenico offers retailers a straightforward path to integrating digital currency payments into their operations. The system’s real-time currency conversion shields merchants from exchange rate risks, delivering a smooth payment process that complements existing in-store payment systems.
For retailers and consumers alike, this partnership signals an innovative leap forward, allowing for seamless, future-ready transactions in a secure retail environment. As demand for alternative payment methods rises, Ingenico and Lunu Pay’s collaboration is setting the stage for a new era of digital commerce, giving retailers and shoppers alike access to the possibilities of the evolving digital economy.
Disclaimer: The information provided in this article is for general informational purposes only. It does not constitute financial, investment, or professional advice. Cryptocurrency investments carry inherent risks and should be approached with caution. Always consult a professional advisor before making any financial decisions.
