A partnership between two payment solutions providers
In ad recent mobile payment company HIPS and society The Payment House (which provides solutions from payment for taxi companies in Scandinavia) announced their association.
The aim is to allow taxis from UK and of Scandinavia to accept the cryptomonnaies on the Ethereum blockchain.
The launch of this solution can be done after a beta test carried out in November 2021. The CEO of the group The Payment House indicates:
“We are happy to partner with Hips, because this new payment convenience will allow taxi companies to seize more opportunities in the new economy. “
The agreement specifies that the solution will be used by 10,000 British taxis and 20,000 in Scandinavia. Also, the platform will accept the token Merchant (MTO) and stablecoin USD Coin (USDC).
Both companies will leverage their respective technologies so that consumers can easily make payments with cryptocurrency in real-time, providing a convenient payment method.
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Cryptocurrency payment is growing
This new partnership demonstrates the enthusiasm there is around cryptomonnaies, in particular as a means of payment.
The system offered by the company HIPS joins a host of payment solutions for using cryptocurrency. Recently, the Time Magazine accepts several cryptocurrencies for the payment of its digital subscriptions or Tesla for the purchase of its cars.
This democratization has accelerated since PayPal added a service for buying Bitcoin and other cryptocurrencies.
Finally, the HIPS solution was designed for any blockchain supporting smart contracts. Even if the Ethereum blockchain will be used initially, other blockchains can be used in the future, such as Cardano, or even Solana.
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