Clover-EukaPay Partnership to Boost Canadian Businesses with Crypto-Payments
August 12, 2024
Toronto, ON – August 12, 2024
–
and
are pleased to announce a strategic partnership aimed at introducing seamless cryptocurrency payment acceptance across Canada. This collaboration integrates EukaPay’s Crypto Payment Processing solution with Clover’s payment infrastructure, enabling Canadian businesses to effortlessly tap into the trillion-dollar crypto economy.
Clover, renowned for its advanced payment technologies, will now provide Canadian businesses the capability to accept cryptocurrencies through both in-store POS systems and online payment portals powered by EukaPay. This partnership marks a significant milestone in the Canadian payments industry, making crypto payments widely accessible from coast to coast.
"
Clover is thrilled to partner with EukaPay to introduce cryptocurrency as a new tender type, making digital currency an accessible and secure alternative payment option for businesses across Canada. This collaboration enhances our commitment to innovation and empowers Canadian merchants to embrace the future of commerce with confidence and ease.
" said Brian Green, President of Clover Canada.
The adoption of cryptocurrency among consumers has seen significant growth in recent years, yet businesses have faced challenges in integrating crypto payments due to concerns over volatility, tax implications, and wallet management. EukaPay’s crypto-to-fiat payment solution addresses these hurdles by offering a straightforward and secure method for Canadian merchants to accept cryptocurrencies. Upon transaction, EukaPay instantly converts crypto payments into Canadian dollars, shielding merchants from price fluctuations and simplifying financial reporting.
“
We wouldn’t be able to have this magnitude of reach without our partnership with Clover’ leading presence in Canada,
” said Wayne Chen, CEO of EukaPay. "
Clover gives EukaPay an enormous amount of scale and makes it a seamless experience for Canadian businesses to onboard with EukaPay. As we look at the decade ahead, it’s clear the best path forward for EukaPay and our customers is to partner more closely with Clover.
"
Together, Clover and EukaPay are set to redefine how Canadian businesses approach cryptocurrency payments, offering a secure and user-friendly solution that maximizes revenue potential without the complexities of crypto custody.
About EukaPay
EukaPay helps businesses worldwide grow their revenue by accepting crypto payments and getting paid in dollars while avoiding problems like currency volatility, onerous financial & tax reporting, and complex digital wallet management.
EukaPay is a cryptocurrency payments processor with point-of-sale, invoicing, custom requests, and e-commerce integration with built-in accounting and reporting compatible with Xero and QuickBooks. Businesses never need to take custody of crypto as we instantly convert crypto into dollars or stablecoins without price volatility at the moment of transaction.
About Clover
Clover, a Fiserv company, provides cutting-edge payment technologies and services to businesses of all sizes. With a commitment to innovation and customer satisfaction, Clover offers an array of payment solutions that streamline operations, enhance customer experiences, and drive growth.
Clover’s solutions are designed to be secure, reliable, and easy to use, making it a trusted partner for businesses across Canada and beyond.