Nash sets its sights on the payment processor arena and aims to bring cryptocurrencies to the forefront with the launch of the its Nash Link service. The new service for merchants is aimed at making it seamless to accept cryptocurrency payments whilst avoiding the usual volatility risks or fees associated with traditional transactions.
Nash Link is designed to serve the same purpose as user-friendly payment services such as Paypal or Stripe. It goes a step further with its focus on blockchain-based payments, cutting out middlemen and enabling faster cross-border payments at a significantly reduced cost.
Nash’s payment solution takes care of all blockchain integration for its users. Digital assets are received from customers, directly converted to USDC on the Nash Exchange, and then settled with merchants directly in national currencies.
Payouts to merchants are made weekly, with amounts guaranteed via protected exchange rates—Nash notes it will take on and manage any associated volatility risks itself. The service is free to sign up and use, and introduces zero fees; the only fee is the blockchain network fee paid by the end customer on payment.
Nash has rolled out Magento 2 & WooCommerce plugins for e-commerce alongside its documented APIs, intended to help users quickly integrate Nash Link into their store. Coupled with an accessible web portal, the service is hoped to boost the acceptance of cryptocurrencies by eliminating barriers to entry.
The launch announcement can be found at the link below: