Ready, Set, Settle!

Recently, I read with interest the article by Bas Bosman on BNR Nieuwsradio on March 19th about the decreasing number of stores that accept Bitcoin. In the spring of 2019, I came to the same conclusion, mainly due to various pain points that I observed. Stores face exchange rate risk with crypto payments and many companies would rather not have crypto on their balance sheet. Additionally, many accountants and bookkeepers do not know how to deal with this. Moreover, it takes too long for payments to be confirmed with many crypto payment solutions. Furthermore, there is a high risk of money laundering since transactions are not fully traceable and costs are often too high for payments, especially during busy moments on the blockchain.

But I also saw many opportunities, such as people who want to spend their earned money in the rising market and the problem that many crypto investors experience with their bank asking questions about where all that money comes from. After a summer of brainstorming with the team of Knaken Cryptohandel B.V., we came up with a solution for all these problems by launching the product Settle.

Benefits

Settle is a payment method that can be added to any webshop in addition to IDEAL and credit cards, allowing people to pay with all their crypto. Settle also offers the ability to make peer-to-peer payments through a payment request or direct transfer. Settle offers, among other things, these advantages:

• Receiving crypto payments without exchange rate risk
• NO set-up fees
• Immediate confirmation of payment
• Starting from a minimum of 1 cent
• 100% compatibility with all WWFT and AMLD5 legislation
• Compatibility with accounting systems
• Payment with any cryptocurrency you want

And many more...

Settle is already an approved payment method at Buckaroo and there is an opportunity to implement this payment method together with us in your webshop. If you are interested in Settle, please contact me at: [email protected]