To increase adoption of cryptocurrency, consumers and merchants need a stable medium of exchange without the price volatility that exists with many cryptocurrencies. That’s why last week Savvy announced the integration with MakerDAO, making it easier for merchants to enable payments in stable coin. Merchants can now accept payments in MakerDAO’s Dai, and Dai owners can spend their Dai in the online stores of our 3000+ merchants.
If you didn’t hear the hot news last week, we at Savvy (formerly PayBear) rebranded and released the latest version of our crypto payment gateway, called Savvy Merchant, which now supports payments in Dai alongside Bitcoin, Bitcoin Cash, Bitcoin Gold, Ethereum, Ethereum Classic, Litecoin, and Dash, with more to be announced soon. Our mission is to help consumers and businesses transact and exchange using cryptocurrencies and now with the addition of MakerDAO it provides merchants a headstart handling digital assets with a price-stable medium of exchange.
Savvy CEO, Rolf Hoefer said “The MakerDAO project is one of the most exciting projects in the industry. We’re thrilled to add Dai as a form of payment for the 3000+ merchants on our platform. Dai is an asset-backed digital crypto designed to be stable relative to the US dollar. Its stability allows merchants to accept crypto without the worry of the volatility of crypto-assets that can sometimes threaten to wipe out tight margins in e-commerce.”
CEO and Co-founder of MakerDAO, Rune Christensen added “Savvy Merchant accepting Dai is a powerful way for merchants and buyers to trade with confidence. Together, Maker and Savvy are providing a stable payment solution that we believe is essential to unlock further adoption and growth of the crypto-economy.”
Savvy Merchant allows merchants to accept multiple cryptocurrencies into their e-commerce store within minutes, either via a shopping cart integration or a developer API. Our shopping cart integrations are the simplest way to begin accepting crypto, and include integrations for Magento, Opencart, PrestaShop, and WooCommerce. We’ve also built a developer API for users who require more control and would like to develop a custom integration. Best of all, we offer Savvy Merchant to our users at no charge today — making the costs associated with payment processing lowest in the crypto market and often at least 10x cheaper than traditional payment processors.
Together with the release of Savvy Merchant, we’ve also released Savvy Wallet, a multi-currency wallet that supports both Dai and MakerDAO’s Maker Token (MKR). The wallet has been designed from the ground up to be easy to use and has been built with savvy merchants in mind. It supports sending, receiving, and exchanging 1000+ currencies, is securely built using industry standard encryption protocols, and includes a novel consolidation feature to help unite users’ scattered crypto balances.
We’re pretty impressed by what the Maker Foundation is creating with the MakerDAO platform, and we at Savvy are proud to be a partner driving the adoption of Dai. This is just the beginning of the MakerDAO partnership. We will be working closely with the Maker team in the months to come to support the release of their upcoming Multi-Collateral Dai launch.
Thanks for tuning in. Until next time!
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Source: Crypto New Media
