The payment industry wakes up to new headlines of progress in one area or another. Secure trading has been making moves to offer services to digital currency businesses through its Original Card Transaction project.
Its concept was promising but many observers did not see it go live so soon. But early this month, Secure Trading and its acquiring branch, acquiring.com, went public with its first success when it onboarded CoinLoan.
CoinLoan is a growing peer-to-peer service that offers loans backed by cryptocurrency assets. The lending service named SecureTrading & acquiring.com its payment gateway provider and merchant acquirer.
Coin load users can have access to loans up to 60 percent of the digital currency’s present market worth, which allows a person to invest on digital currencies without draining their pockets.
The peer-to-peer loan service provider said it will use Secure Trading’s payment service because it will connect flawlessly with its existing systems.
On top of that, CoinLoan is also looking to reap the benefits of the Secure Trading’& acquiring.com’s Original Card Transaction (OCT) platform. OCT enables the processing of refunds without the need to go back to the original approval. Furthermore, these ‘refunds’ can be more than the initial payment and can be disbursed to cards other than the one used for payment which makes it perfect for CoinLoan.
“We are proud to offer our customers the ability to withdraw money straight to their cards safely and in a short time,” said Max Sapelov, one of the creators of CoinLoan. “Our new partner’s OCT platform will ensure this happens by handing out the withdrawal as a repayment, with an amount on top.”
Malta-based acquiring.com, is the merchant acquiring segment of Secure Trading. Malta is the globe’s number one Blockchain hot spot. Craig Brightly a senior sales executive at Secure Trading said the company is planning multiple new rollouts to take advantage of the new Blockchain laws in the area.
“Secure Trading and acquiring.com is developing a forward-looking culture in the Blockchain and digital currency market, and we are happy that CoinLoan has seen this potential added our services into their payments systems,” Brightly said.
Payments are getting better and better as market players in the industry explore different markets.
Who knows? This is just the start for Secure Trading, maybe more and more crypto businesses will benefit from Secure Trading’s OTC platform.
Author Bio: Payment industry expert Taylor Cole is a passionate merchant account expert who understands the complicated world of accepting credit and debit cards at your business. His understanding of the industry has helped thousands of business owners save money and time.