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Joseph Young

Joseph is a web developer and designer, writer and a passionate musician who loves to travel. He has worked as a researcher for a number of venture capital firms and as a freelancer designer for resorts and corporations in Korea and the Philippines.

July 22, 2015
Payments

Snapcard Partners with Alpha Payments Cloud

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Bitcoin wallet service provider and one of the leading bitcoin payments processors Snapcard has entered into a strategic partnership with Alpha Payments Cloud to enable Alpha hub users to accept bitcoin payments.

Alphahub is an omni-channel access platform that combines payments, risk management and transaction settlement onto one single platform, with “over 250 connected third-party solutions and a suite of white-labeled product.”

By integrating Snapcard’s bitcoin payment infrastructure, Alphahub will begin offering its third-party solutions, which include banks, financial platforms and institutions, with a bitcoin payment option, together with many other online payment tools.

“We’re excited to work with Snapcard to help our clients capture the added-value of accepting global alternative payments like Bitcoin,” announced Ronan Gallagher, chief product officer at Alpha Payments Cloud.

Through the partnership, AlphaHub users will be able to accept bitcoin payments with a transaction fee of 0.5 percent with no fixed or setup fees. Unlike other cloud systems, Alpha Payments Cloud’s clientele includes top-tier institutions and organizations, which increases the significance of this integration.

Snapcard CEO Michael Dunworth explained that bitcoin still is in the educational process, and a company like Alpha, which is known for its innovative initiatives, will help Snapcard bring bitcoin products to a new range of clients.

This marks the second major deal of Snapcard since its partnership with ifeelgoods, which began to use Snapcard’s MassPay API, to offer bitcoin as an incentive tool.