Ready, Set, Settle!

Recently, I read with interest the article by Bas Bosman on BNR News Radio from March 19 about the declining 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.

For instance, stores face exchange rate risk with crypto payments, and many companies prefer not to have crypto on their balance sheets. Additionally, many accountants and bookkeepers do not know how to handle this. Furthermore, the confirmation of payments takes too long with many crypto payment solutions. Moreover, there is a high risk of money laundering since transactions are not fully traceable, and the costs for payments are often too high, especially during busy moments on the blockchain.

However, I also saw many opportunities, such as people wanting to spend their earned money in the rising market and the problem that many crypto investors face with their banks questioning where all that money comes from. After a summer of brainstorming with the team at Knaken Cryptohandel B.V., we devised a solution to all these problems by launching the product Settle.

Advantages

Settle is a payment method that can be added to any web store alongside IDEAL and credit cards, allowing people to pay with all their crypto. Settle also offers the possibility of making peer-to-peer payments through a payment request or direct transfer. Settle provides the following advantages:

– Receiving crypto payments without exchange rate risk
– No set-up costs
– Immediate confirmation of payment
– Starting from an amount of 1 cent
– 100% compatibility with all WWFT and AMLD5 legislation
– Compatibility with accounting systems
– Payment with any cryptocurrency you want

And much more…

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