Coinqvest has announced its collaboration with Brazilian digital currency provider, nTokens to offer its enterprise cryptocurrency processing platform, bringing the power of blockchain-based payment processing to businesses and markets in Brazil.
The service enables Brazilian online shops and retail stores to accept payment in Bitcoin (BTC), Ethereum (ETH), Stellar Lumens (XLM), or other major crypto currencies, convert to Brazilian Real (BRL) in real-time and settle directly to their bank account using the novel central bank PIX instant payment system.
For those who do not know, nTokens manages Brazilian Real stablecoin, BRL on Stellar network and also allows users to move funds between banks and cryptocurrency wallets. Coinqvest’s partnership with nTokens will allow Brazilian merchants to enjoy significantly cheaper transaction costs and fiat bank deposits. Brazil based online shops will also be able to take advantage of this partnership.
Coinqvest was winner of 4th Stellar community fund and as expected, their platform is based on Stellar and offer cross-blockchain and bank transactions. With Coinqvest, merchants can focus on product or service rather than worrying about high processing fees and tax invoices for cryptocurrency payments.
Feel free to visit Coinqvest Brazil for more information.