UniPAY, an e-wallet in the country of Georgia, has partnered with Snapcard, the San Francisco, Calif.-based bitcoin payment processor and wallet, to offer customers the option of using cryptocurrency at e-commerce sites globally and to convert between local fiat currency and crypto. UniPAY allows users to use bitcoin, Litecoin, Dogecoin. UniPAY will also begin offering merchants a bitcoin payment option.
UniPAY is one of the largest payment service providers in Georgia processing payments for local mobile carriers, internet service providers, airlines, utility companies, and gaming sites.
Jack Jia, the head of international growth at Snapcard, said the partnership will help citizens of Georgia, a small developing country, gain access to the global economy.
Koba Kurdadze, CEO of UniPAY, noted that at present, visitors to Georgia cannot always use payment cards to purchase goods and services.
UniPAY has 148,000 registered wallet users and will activate 55,000 fully verified members. UniPAY secures user information with SSL-encryption coding and a built-in fraud protection system, according to its website. The company’s UniCoin wallet allows users to store and spend bitcoin, Litecoin and DogeCoin.
Snapcard provides a cross-border payment service called Snapcard MassPay that allows businesses to immediately sell and send funds globally without assuming price volatility. Snapcard provides products and services to enable businesses and consumers to use bitcoin. The Snapcard bitcoin e-wallet allows people to buy and sell bitcoin. The San Francisco, Calif.-based company has offices in Australia and Canada.
Last year, Snapcard raised $1.5 million in a seed funding round led by Tim Draper and Fortress Investment Group-backed Insikt Capital. Investors include Crypto-Currency Partners, Great Oaks Ventures, BoostVC, Square, Twitter, Facebook, Tesla Motors, Groupon and Yelp.
Featured image of Tbilisi, Georgia from Shutterstock. Additional image from UniPAY.
Last modified: July 13, 2020 3:17 AM UTC