The Bitcoin landscape in the United Kingdom has undergone massive changes, particularly over these past few weeks. Bitcoin startups in the UK have been struggling to obtain banking relations with any of the major banks, which has hampered the growth of digital currency quite a bit. Yet, one of the UK’s leading payment processors introduces an alternative payment option for its customers by integrating Bitcoin.
NorthPayments – A Major UK Payment Processor
Bringing Bitcoin as a payment option to as many people around the world as possible is not an easy task. Even though there are quite a few Bitcoin companies focusing on using the digital currency as a form of payment for goods and services, gaining traction is still rather difficult. However, when you can integrate Bitcoin into an existing payment processor, things become very different all of a sudden.
Things become even more interesting when that payment processor is one of the biggest in the United Kingdom. NorthPayments is a leading UK provider of online solutions, by offering over 200 secure and easy payment options for merchants. By adding Bitcoin to that repertoire, NorthPayments becomes the first European Payment Gateway to venture into the world of digital currency.
The business has been booming for NorthPayments so far. They currently service more than 20,000 merchants in the United Kingdom. The company is well-known for being early adopters of exciting and innovative technologies, making Bitcoin a perfect candidate. Merchants will be the actual winner of this Bitcoin integration, however, as they can expand their customer base globally and reduce transaction fees by quite a margin.
BitcoinPayGate – A Leading Bitcoin Payment Processor
None of this would be possible without the help of BitcoinPayGate, one of Europe’s leading Bitcoin payment processors. By combining the infrastructures of BitcoinPayGate and NorthPayments, users can now pay in Bitcoin and merchants can reap the benefits of accepting digital currency payments. BitcoinPayGate was originally founded by Christian Kirk Zallner in Denmark.
“We are continuing innovation and are forward thinking. BitcoinPaygate is a strategic partnership, as we feel the company will be a valuable addition to the services provided by NorthPayments. We pride ourselves on flexibility and security and adding Bitcoin to our offerings will give us a larger competitive edge.” – Mark Tillotson, NorthPayments CTO told DigitalMoneyTimes.
Considering the fact that NorthPayments process payments in multiple fiat currencies – and now also in digital currency – this partnership between both companies could be very positive for Bitcoin adoption in the United Kingdom. With internet shopping on the rise year over year, more people will now see the famous Bitcoin logo appear during the checkout process.
All images courtesy of NorthPayments & BitcoinPayGate