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Crypto-to-Fiat App PDX Beam Now Available on Apple App Store and Google Play
PDX Global has successfully launched its crypto-to-fiat payment app, PDX Beam, on Apple’s App Store and Google Play Store, enabling approximately 800,000 merchants on the Clover payments processing network to accept cryptocurrency payments.
What is PDX Beam?
PDX Beam is a direct crypto-to-cash payment platform that caters to the needs of both merchants and consumers. It allows users to pay registered merchants using cryptocurrency that gets directly converted into cash on the merchant’s side, eliminating the need for intermediary trading platforms, credit cards, or banking charges.
Key Features of PDX Beam
Some of the key features of PDX Beam include:
- Simple API integration with any in-store or online point-of-sale system
- Barcode generation for sales, which can be scanned by merchants
- Instant conversion of cryptocurrency into local currency without gas fees for network use on the blockchain
- Elimination of chargeback fraud risks
CEO’s Statement
“We expect to have additional major opportunities to reach both the huge number of consumers who want to use their crypto as well as the merchants who want to accept it as easily as they accept Visa, Mastercard or Apple Pay,” said Shane Rodgers, CEO of PDX Global.
Market Potential
According to data from Security.org, approximately 65 million people in the U.S. own cryptocurrency, which is around 28% of American adults. A Deloitte survey also revealed that 85% of merchants expect cryptocurrency to be used for daily transactions within the next few years.
Future Developments
PDX Global plans to expand its reach in terms of user count and partnered merchants. The company has already completed a round of testing for PDX Beam and claims that the platform can perform transactions seamlessly within 30 seconds or less.
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