Suresnes, March 21, 2024: Ingenico, Binance, and Nilos are excited to announce the next phase of their strategic collaboration aimed at transforming the in-store payments ecosystem. The new solution allows customers to make purchases in-store using cryptocurrencies and enables merchants to be directly compensated in their local currencies.
Designed to address merchants' concerns about direct exposure to cryptocurrencies, this innovative solution enables automatic conversion to euros at the time of payment. Thanks to this instant conversion, merchants can now accept cryptocurrency payments in-store without managing the risks associated with the digital asset volatility.
This initiative builds upon Ingenico's cutting-edge technology, Binance's expertise in digital assets and Nilos' know-how in payment infrastructures, offering a complete, secure solution for in-store payments. Together, these three major players are committed to providing a seamless and secure payment experience, while reducing the barriers associated with cryptocurrency acceptance for merchants.
The first transactions will take place in "Track 119", an avant-garde venue combining gastronomy, music and art in the heart of Paris' 11th arrondissement, and at "The Corner Shop", a specialized water sports boutique in Île-de-France.
T-119 stands out for its innovative approach, combining food stalls offering culinary diversity, a coffee shop and a bar for fans of crafted drinks. A DJ booth will animate the evenings, along with a merch space featuring ephemeral exhibitions, goodies, and much more.
