Blocktrade 4.0: Pay with Cryptocurrency at more than 100,000 stores (2024)

Home / Blog / News / Blocktrade 4.0: Pay with Cryptocurrency at more than 100,000 stores

  • News

3 MIN READ

Blocktrade 4.0: Pay with Cryptocurrency at more than 100,000 stores (1)

  • Written ByEditorial Team
  • January 19, 2024

Blocktrade 4.0: Pay with Cryptocurrency at more than 100,000 stores (2)

Paying in stores with cryptocurrencies like BTC, BTEX and ECS has been a long-awaited vision for all crypto fans around the world.

Today, with thelaunch of Blocktrade 4.0, we are making this vision a reality!
Thanks to our partnership with the SKAi2POS (Point of Sale) system, you can nowmake purchasesat partner stores and restaurantswith any cryptocurrencythat is available on Blocktrade and earn instant cashback with the transaction.

Blocktrade 4.0: Pay with Cryptocurrency at more than 100,000 stores

Blocktrade & SKAi2 – Simply pay in stores with Blocktrade’s app

With the newly released update of Blocktrade’s mobile phone app, there’s a new function available in the menu: Pay with Blocktrade.

When you visit a Blocktrade partner store, simply go to the cashier, open the Pay with Blocktrade function on the app, and scan the individual QR code that the cashier will show you.

You will then get to choose any cryptocurrency that you currently hold on your Blocktrade account as payment. The merchant will receive a payment confirmation instantly.

The best part? You will receive a cashback reward into your Blocktrade account immediately.

There’s 5% cashback in the cryptocurrency used for payment, plus an additional cashback of up to 25% of transaction fees in the Blocktrade token, BTEX.

This technology is now being rolled out to merchants all over Europe – by the end of March 2024, SKAi2 expects to have 10,000 devices distributed to stores & restaurants. And at the end of the year, up to 100,000 merchants will have a SKAi2 device powered by Blocktrade, accepting crypto payments for all purchases.

Blocktrade 4.0: Pay with Cryptocurrency at more than 100,000 stores (3)

A new era for merchants

Customers have been demanding ways to use cryptocurrency in retail stores for several years. So far, it was an unsolvable challenge: delayed processing times for transactions, uncertainty of sudden price crashes, and technical difficulties.

Blocktrade and the SKAi2 POS system are changing all of that. By processing the transfers instantly and by automatically converting the amount into Euro, the merchant has absolute security.

For the first time in history, accepting crypto payments is now as easy as accepting any legacy payment method such as cash or credit cards.

And while Visa and Mastercard take 1-3 business days before payments are fully processed, our solution allows merchants to immediately receive Euro onto their account. One device enables them to accept everything from 60+ cryptocurrencies to cards, from Apple Pay to Google Pay.

Merchants who use the SKAi2 POS system with Blocktrade will therefore have a huge advantage: a state-of-the-art POS system allows them to accept all traditional forms of payments while also giving them the market power of the crypto community. With the additional value of offering cashback on transactions and being amongst the first to accept crypto, they will be the most exciting businesses in their area!

Blocktrade 4.0: Pay with Cryptocurrency at more than 100,000 stores (4)

Another step towards EPIC Blocktrade!

Last year, our CEO Christian Niedermüller presented the vision of EPIC Blocktrade: Earn, Play, Invest, Crypto payments. With the first release of the SKAi2 POS solution, another important milestone on the road to the EPIC vision has been reached..

BTEX, our exchange token, will play a big role for the payment solution, with unique rewards and extra bonuses brought to you as a Blocktrade user.

Combining this with our unique gamification system, our XP and level up features, Blocktrade is bringing a fintech innovation to the world like no other company.

The partnership of Blocktrade and SKAi2 is only starting with today’s beta release. As we progress with our EPIC project, further steps of integrating the innovative payment solution within our platform will follow. This includes even more integration for BTEX, opportunities to stake crypto and an even deeper connection to our gamified features, like XP and levels.

Blocktrade 4.0: Pay with Cryptocurrency at more than 100,000 stores (5)

Your opportunity: Become a shareholder

With the new possibilities of the SKAi2 users – partnering with over 100,000 merchants and their loyal customers, in addition to our continued growth, Blocktrade is aiming to make 2024 our most EPIC year yet.

Very soon, the investment round for Blocktrade will open – it’s the chance for our community members to directly benefit from Blocktrade’s growth by becoming a shareholder.

Find the details of our fundraiser here: blocktrade.com/epic

We are just getting started in the world of crypto payments. Stay tuned for more details on the rollout. If you have any questions, join our Telegram group or our next AMA with our CEO, Christian Niedermüller and CPO, Konstantin Horejsi.

Start investing today!

Buy now

Disclaimer:

This is not financial advice. Mentioning coins and tokens is not a recommendation to buy, sell, or participate in the associated network. We would like to encourage you to do your own research and invest at your own risk.

  • Orginally published January 19, 2024
  • 9:00 am

Editorial team

We are a team of crypto enthusiasts. Each of us has extensive theoretical and practical experience in trading, cryptocurrencies, and blockchain. We also like to dig deep and explore. Our goal is to help you make the right and relevant decisions.

Related articles

News

Trading Fun: The Play and Trade Experience

Read more

News

  • February 4, 2024

2 MIN READ

Play and get 10 EUR

Read more

News

  • January 23, 2024

2 MIN READ

Why BTEX is rising – Real-world payments with our token

Read more

News

  • January 8, 2024

8 MIN READ

Recap of 2023: A Year in Review

Read more

News

  • December 20, 2023

2 MIN READ

Blocktrade 3.4: Arcade – Gaming Meets Trading in a Milestone Release

Read more

Education

  • December 18, 2023

4 MIN READ

How to Benefit From Solana Airdrops Like Jito? A Beginner’s Guide

Read more

Blocktrade 4.0: Pay with Cryptocurrency at more than 100,000 stores (2024)

FAQs

Where can I trade crypto with no fees? ›

Phemex, Crypto.com, Kucoin, Amplify, Shapeshift, Lykke, and Newton are the best zero-fee crypto exchanges. Amplify is suitable for P2P trading. One offers the fastest and secure transactions, while the other makes it commission-free. Crypto.com and Kucoin exchange provides a wide array of crypto assets.

How to transfer crypto to wallet without fees? ›

If you're using Ledger Live to send your crypto with your Ledger device, the wallet does not charge any additional fees other than the transaction fee required by the network you're using, for example, Bitcoin or Ethereum. This fee will go to miners/validators and not Ledger.

When to buy cryptocurrency and when to sell? ›

Cryptocurrencies like Bitcoin can experience daily (or even hourly) price volatility. As with any kind of investment, volatility may cause uncertainty, fear of missing out, or fear of participating at all. When prices are fluctuating, how do you know when to buy? In an ideal world, it's simple: buy low, sell high.

Is there a crypto swap without fees? ›

MoonPay's non-custodial crypto swap platform offers many different cryptocurrencies available for exchange with no processing fees (network fees apply), competitive rates, and security measures aimed to protect our customers.

Which crypto exchange is best in the USA? ›

Best Crypto Exchanges and Apps for May 2024
  • Best for Low Fees and Best for Experienced Traders: Kraken.
  • Best for Beginners: Coinbase.
  • Best Mobile App: Crypto.com.
  • Best For Security: Gemini.
  • Best for Altcoins: BitMart.
  • Best for Bitcoin: Cash App.
  • Best Decentralized Exchange: Bisq.

What are the top 3 crypto exchanges? ›

As of today, we track 216 crypto exchanges with a total 24h trading volume of $112 Billion, a 67.22% change in the last 24 hours. Currently, the 3 largest cryptocurrency exchanges are Binance, Bybit, and OKX.

How much does it cost to transfer crypto to a wallet? ›

The transaction fee for transferring one Bitcoin can vary depending on network congestion and other factors. The fee is typically paid to miners to incentivize them to process and verify the transaction. The average transaction fee for one Bitcoin transaction can hover around 0.0005 BTC.

How much is a Bitcoin transaction fee for $100? ›

Bitcoin transaction costs only depend on how big in bytes your transaction is. As such, the dollar value you're sending is irrelevant with Bitcoin. A simple transaction usually costs around 200-2,000 sats or $0.06-$0.60 USD which could be for $100 or $100 million dollars.

Which crypto wallet has no withdrawal fee? ›

NC Wallet is the first wallet that allows you to withdraw cryptocurrency without paying network fees. There are no transaction limits.

What time of day is best to buy crypto? ›

Prices are lower when the market is less busy. Although you can trade cryptocurrencies at any time of day, the market is more active during typical work hours and less active early in the morning, at night, and on the weekends. Generally, cryptocurrency prices start low on Monday and rise throughout the week.

What are the best hours to sell crypto? ›

What time of day is crypto most traded? Cryptocurrencies are most commonly traded between 8am to 4pm in local time. While the crypto market is 24/7, your trades are more likely to be executed when there is the highest level of activity.

What is the best day of the week to buy crypto? ›

Saturdays have emerged as the frontrunner, boasting an average gain of 0.364% for Bitcoin, closely followed by Tuesdays with an admirable 0.360% increase. However, historically, Fridays stand out as the sole day of negative growth for Bitcoin.

What's the best crypto trading platform? ›

Our Top Picks for the Best Crypto Exchanges of 2024
  • Coinbase - Best for Beginners.
  • Kraken - Best for Advanced Traders.
  • Bitstamp - Best for Low Fees.
  • Bisq - Best Decentralized Exchange.
  • Pionex.US - Best for Automated Trading.
Apr 2, 2024

Who has the best crypto wallet? ›

Best Crypto Hot Wallet Reviews
  • Best for Beginners: Coinbase Wallet. Our Partner. ...
  • Best for Ethereum: MetaMask. Learn More.
  • Best for Mobile: Trust Wallet. ...
  • Best Desktop Bitcoin Wallet: Electrum. ...
  • Best Mobile Bitcoin Wallet: BlueWallet. ...
  • Best for Desktop: Exodus. ...
  • Best DeFi Wallet: Crypto.com. ...
  • Best Cold Wallet for Beginners: KeepKey.
Apr 1, 2024

Is Lykke exchange legit? ›

Lykke is one among 14 Swiss-based crypto providers reviewed by Charles Darwn, the guy who runs the website. Also, Lykke is featured, right next to Swissborg and BitMEX Link, as one of the Swiss crypto exchanges you can put your trust in.

Does Robinhood charge fees for crypto trading? ›

Robinhood Crypto does not charge commission fees for trading crypto. We do generate revenue through volume rebates from trading venues. For example, for every $100 of notional value for executed crypto orders, Robinhood receives $0.35 in rebates from its trading venues. *No commission on trades of crypto.

What is the cheapest way to sell crypto? ›

1. Use an exchange to sell crypto. One of the easiest ways to cash out your cryptocurrency or Bitcoin is to use a centralized exchange such as Coinbase. Coinbase has an easy-to-use “buy/sell” button and you can choose which cryptocurrency you want to sell and the amount.

Where is the best place to day trade crypto? ›

Binance is one of the most popular platforms among the best crypto exchanges for day trading that offers over 500 cryptocurrencies and availability in more than 180 countries. It has low fees, low latency, high liquidity, and a user-friendly interface, making it a great choice for day traders.

Does Robinhood have fees? ›

Investing with a Robinhood investing account is commission free. We don't charge you fees to open or maintain your account.

Top Articles
Latest Posts
Article information

Author: Rev. Porsche Oberbrunner

Last Updated:

Views: 5812

Rating: 4.2 / 5 (53 voted)

Reviews: 84% of readers found this page helpful

Author information

Name: Rev. Porsche Oberbrunner

Birthday: 1994-06-25

Address: Suite 153 582 Lubowitz Walks, Port Alfredoborough, IN 72879-2838

Phone: +128413562823324

Job: IT Strategist

Hobby: Video gaming, Basketball, Web surfing, Book restoration, Jogging, Shooting, Fishing

Introduction: My name is Rev. Porsche Oberbrunner, I am a zany, graceful, talented, witty, determined, shiny, enchanting person who loves writing and wants to share my knowledge and understanding with you.