Worldpay, owned by the massive Florida-based fintech company FIS, has along with Crypto.com announced plans to team up with the Crypto.org / Cronos ecosystem as a network validator and payment processor. FIS purchased Worldpay back in 2019 for $35 billion dollars, and is now the world’s’ largest processing and payments company.
Worldpay is expected to dramatically help Crypto.com’s / Cronos’ plans to scale worldwide. Worldpay is going to provide global merchant acquisition services that will surely help Crypto.com expand into the wildly successful digital payments sector, and help bolster the Crypto.com Pay product.
Fintech, and cryptocurrencies in particular are experiencing rapid growth, and Crypto.com needed a proven partner to assist with their payments product as well as a experienced and trusted validator for the Cronos blockchain.
“Worldpay has provided innovative solutions and services to the crypto industry for the past eight years and we’re delighted to have been selected by Crypto.com to help them take cryptocurrencies to a wider global market,” said Nabil Manji, Head of Crypto and Emerging Business, Worldpay from FIS. “Interest in cryptocurrencies has never been greater, and it is now more important than ever to make these new technologies more accessible to more people.”
“By becoming a validator of our Crypto.org Chain and providing its best-in-class global merchant acquiring services, Worldpay will greatly contribute to our vision of making cryptocurrency accessible to everyone,” said Kris Marszalek, co-founder and CEO of Crypto.com. “We look forward to collaborating with Worldpay to advance the growth of cryptocurrency and digital assets.”
Crypto.com has more than 10 million customers across its global platform that includes the Crypto.com App, the Crypto.com Visa Card and the Crypto.com Exchange to allow users to buy and spend in more than 250 cryptocurrencies, according to the release. This is a great addition to the Crypto.com and Crypto.org business verticals, and we are excited to see what heights Worldpay can help Crypto.com reach.