ACI Worldwide, a leading global company providing real-time electronic payments and banking solutions to financial institutions, merchants, and billers, announced a major new partnership with BitPay.
The main objective here is to make it easier for merchants and payment service providers to participate in Bitcoin, digital assets, and stablecoin initiatives.
As part of this agreement, ACI will begin integrating BitPay’s digital currency processing into its payment orchestration platform.
This means merchants can accept Bitcoin, other digital assets, stablecoins, and good old payment methods all in one place.
And this is a big deal for merchants and customers, as it will make Bitcoin and stablecoin payments more standard in global commerce.
Digital assets becoming mainstream for businesses means accepting, storing, and using digital currencies, including Bitcoin and stablecoins, all from one uncluttered place on the platform.
According to the announcement, merchants can decide whether to settle transactions in cash or stablecoins, with no mention of payments in Bitcoin or other digital assets, providing new flexibility in today’s market.
ACI believes this partnership is a major milestone as it is seeing a lot of interest from merchants and PSPs in experimenting with digital assets as part of their payments strategy.
A study by ACI Worldwide found that 55% of global retailers are considering whether to accept digital assets.
“As regulated stablecoins evolve from niche to mainstream, new opportunities are emerging for cross-border trading and payment optimization.” Adriana Jordan, Head of Global Merchant at ACI, said:
“Based on the growing demand from our PSP and merchant customers, we are ensuring they have multiple pathways to leverage these new rails that add value, whether it be for payment acceptance or specific use cases such as cross-border B2B payments or treasury operations.”
For BitPay, this partnership is very important as it will give it exposure to ACI’s global customer base, making Bitcoin more practical to use in the real world.
“We will work with ACI Worldwide to make digital currencies more accessible and practical in real-world commerce.” Stephen Pair, co-founder and CEO of BitPay, said:
“This partnership brings our proven crypto payments capabilities to ACI’s global customer base, enabling everything from simple payment acceptance to cross-border payment scenarios as market demand evolves.”
BitPay’s technology is built to handle all kinds of use cases, including peer-to-peer payments and mobile POS transactions, making it easy for merchants to accept Bitcoin and stablecoins without changing their entire setup.
ACI’s Payments Orchestration Platform simplifies the management of multiple payment providers, acquirers, and gateways in one place. This reduces complexity and can also help increase sales. According to ACI, businesses that add new payment options, including Bitcoin, see a 1-3% increase in sales.