MIAMI, FL, June 20, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Net Element, Inc. (NASDAQ: NETE) ("Net Element" or the "Company"), a global technology and value-added solutions group that supports electronic payments acceptance in a multichannel environment including point-of-sale (POS), e-commerce and mobile devices, today announces that Aptito will begin processing cryptocurrency payments for its merchants starting July 1, 2019.
The mass adoption of cryptocurrencies as a payment alternative continues to grow worldwide with Bitcoin being the most widely held cryptocurrency at a market capitalization of over USD $161 billion, followed by Ethereum at USD $28 billion and XRP at USD $17 billion (Coindesk). Aptito is launching cryptocurrency payment acceptance to capitalize on this growing trend and set itself apart from competitors. Starting next month, Aptito merchants will be able to accept all major cryptocurrencies.
Aptito’s software-as-a service (SaaS) point of sale and management solutions for the restaurant and hospitality industry are currently being used by merchants in over 15 countries. The launch of cryptocurrency payment acceptance through the Netevia Gateway allows Aptito to continue growing its client base worldwide without the need for local acquiring bank relationships regardless of the merchant’s geographical location. Aptito clients can download software through Apple’s AppStore, subscribe and begin accepting cryptocurrency and other forms of payments.