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NetCents and Worldpay Partner to Promote Adoption of Digital Assets

NetCents Technology and Worldpay from FIS have partnered to promote the adoption of digital assets like bitcoin, ethereum and stablecoins.

The partnership will leverage NetCents Technology’s cryptocurrency payments capabilities and Worldpay’s global payment technology, NetCents said in a Wednesday (Jan. 3) press release.

“Our mission is to instill and enhance trust and security by delivering reliable crypto payment infrastructure,” NetCents CEO Clayton Moore said in the release. “This extends across businesses, financial institutions and governments globally, enabling the seamless integration to accept various digital assets into their established workflows and processes, irrespective of their familiarity with the crypto space.”

NetCents offers crypto payment infrastructure that provides solutions for corporations, small and medium-sized businesses (SMBs), startups, and Web3 and blockchain companies, according to the release.

Its offerings enable the integration of cryptocurrency acceptance, facilitate digital asset operational and accounting processes, and remove the price volatility, the release said.

The solutions are delivered through user-friendly software and application programming interfaces (APIs), per the release.

The company’s new partner, Worldpay from FIS, is a leader in merchant payment processing and has long been an innovator in the digital payments sphere, according to the press release.

In another recent partnership, Worldpay was tapped by British music and entertainment retailer HMV in December to help the retailer expand in Europe.

HMV will use Worldpay Omnichannel — a Worldpay and FreedomPay effort — to improve its omnichannel strategy across 34 markets by supporting both major and local card schemes, alongside local payment methods.

“Our new capabilities will speed our ability to innovate and better help our customers as we expand across Europe,” Darren Houghton, head of IT at HMV, said at the time.

In October, Mastercard said it partnered with Worldpay to scale new open banking-powered solutions that empower consumer lending, modernize account-based payments and offer a wider range of payment choices.

“We are delighted to partner with Mastercard to leverage their open banking platform in the U.S. to offer secure and seamless account verification services, providing our customers with enhanced payment options and advance open banking around the world,” Sudev Balakrishnan, chief product officer at Worldpay Merchant Solutions, FIS, said at the time.