PAC and Crypto Payment Network (CPN) are pleased to announce their strategic partnership that will bridge the gap for consumer to merchant cryptocurrency payments
As a result of this partnership, PAC and its global community will now be able to acquire PAC Debit Cards that will set the standard as an industry leading consumer to merchant payment bridge.
Cryptocurrency Debit Cards are not a new thing, however it’s long been known that competing products from other card providers only have the ability to act as a form of gift card/paper wallet whereby only currency can be stored/sent peer-to-peer within the chosen currencies ecosystem. The partnership between PAC and CPN features a unique ability to provide PAC to FIAT in a real-time conversion for the benefit of both the consumer and the merchant.
The cryptocurrency space is still very much in its infancy, as a result mainstream merchants new to this financial sector prefer to not have to register with exchanges in order to liquidate the assets they’re receiving as payment. PAC and CPN are reducing the steps for merchants to acquire their native FIAT currency. Merchants (depending on their country of operation) might face strict regulations on the holding and transfer of cryptocurrency into a business account for taxation purposes. Removing this step reduces accounting pressure for the merchant and enables the consumer to purchase any goods and services the merchant provides with PAC.
Domino’s Pizza and Caribou Coffee Company are the first companies to announce their partnership and acceptance of PAC through the CPN network with many other Fortune 500 companies soon to be added to the payment network in the coming months.
“We are pleased to announce the first major restaurant chain to be added to the CPN Network, Domino’s Pizza. Domino’s is a leader in the fast food industry providing a top tier product with exceptional service and is pleased to join the CPN Network. CPN has commenced the integration of Domino’s Pizza into our fast growing Network of goods and services.
The integration of such a large restaurant chain is always a challenge and will be incorporated over the next few quarters. We look forward to a long lasting and profitable relationship with the leading pizza restaurant. PAC holders will soon be buying pizza at Domino’s with their PAC card and will be enjoying many more benefits in the near future.” – Jeff Manuel, CEO, CPN
PAC, by design was created to be a spendable, transaction-focused digital currency. It features near zero transaction fees and instant, cross border transfer speeds making PAC a market leader for full scale retailer adoption. This latest partnership proves that PAC is serious about its commitment to consumer satisfaction and its expanded adoption potential.
“The technology behind the PAC card will act as a middleman between customer and merchant. This provides the bridge between crypto and fiat, making it an easy road for merchants to feel comfortable venturing into the crypto space and accepting PAC as a day to day currency. PAC is consistently pushing the boat out and forming new partnerships that its competitors within the space simply aren’t delivering on. PAC is the youngest cryptocurrency in the space to be forming partnerships of this magnitude. Whilst other projects are happy to focus on empty marketing and blanket exposure activities, PAC is actually investing its time into laying the foundation to become the worlds largest alternative payment network. In just 6 months PAC, has already become the third largest Masternode network, globally. With such robust network stability and talks of moving to a new and improved, merchant-focused blockchain solution in the near future, PAC is comfortably positioning itself to become a major player in the digital asset space.” – Brad Marsh, CMO, PAC