Starting life in cryptocurrency vertical
Secure Trading Group has been chosen by innovative peer-to-peer cryptocurrency lending start-up CoinLoan to provide payment gateway and acquiring services
Secure Trading and acquiring.com have announced that they have begun life in the cryptocurrency vertical after being chosen to provide payment gateway and merchant acquiring solutions for CoinLoan, a peer-to-peer lending platform for crypto-asset-backed loans.
CoinLoan allows users to borrow up to 60 per cent of the cryptocurrency’s current market value, thereby allowing and encouraging people to invest on crypto currencies without making them cash poor. Secure Trading’s payment solutions have been taken on-board as they integrate seamlessly with CoinLoan’s existing platform.
CoinLoan will benefit from Secure Trading/acquiring.com’s OCT (Original Card Transaction) system, which allows refunds to be processed without referring to the original authorisation. These refunds can be of a greater value than the original transaction and be paid out to a different card than the one used to pay, making the system ideal for CoinLoan.
“CoinLoan take pride in allowing our customers to withdraw funds directly to their cards quickly and...