NETOPIA Payments expands partnership with Elrond

NETOPIA Payments, the electronic payment processor in Romania, announces the extension of the partnership with Elrond, offering Romanians the opportunity to make payments using eGold, the cryptocurrency of the Elrond blockchain, to the 30,000 merchant partners, starting today.

As a first step, the integration will allow payment with eGold cryptocurrency at online stores. Thus, the approximately 30,000 NETOPIA Payments partner merchants will be able to accept eGold as a payment method, opting for this benefit directly in the platform. According to the company, the settlement of the amounts collected in eGold will be done in lei.

The conversion from EGLD to RON is done automatically in the NETOPIA Payments network, resulting in faster, more secure and low-cost transactions, both for those who accept payment in eGold and for those who pay using the Elrond network cryptocurrency. Subsequently, the two companies aim to extend the integration to cover other payment systems, including those to offline merchants equipped with compatible payment systems. The representatives of the payment processor transmit that any online store in Romania can accept the payment with eGold, signing a processing contract with NETOPIA Payments. According to them, the registration procedure is quick and easy, each merchant just needs to register with the company’s data in the platform and integrate the payment module in its website.

“Since the beginning of our business we have positioned ourselves as a promoter of innovation in terms of payments, NETOPIA Payments being the only processor that allows payment with cryptocurrencies since 2015. We are extremely excited to see the evolution of blockchain technology to the point where Our partner Elrond can allow more transactions simultaneously than all other traditional channels in one place, at a higher speed and lower costs. Therefore, the integration of the payment option with eGold came naturally, which allows us to remain at the forefront of payment technologies and offer customers more efficient services “, said Antonio Eram, CEO of NETOPIA Payments.

Elrond Network is a company with Romanian know-how that develops blockchain technology 1000 times faster and more efficient than current implementations. Last month, the Romanian company launched the Maiar application, a digital wallet that facilitates the adoption of the eGold currency. The application uses the Elrond blockchain, through which over 100,000 payments per second can be made.