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The Death Of White Label Prepaid Card Program | White Label Prepaid Card Program

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Milan and Vienna, 22 November 2017- Cointed GmbH, an Austrian cryptocurrency barter start-up and arch supplier for Multi-Cryptocurrency-ATMs in Europe, has begin in TAS Group the ideal accomplice to beforehand its bazaar hypothesis to the Agenda Business ecosystem. The bright appulse of a aciculate growing accepting of bitcoins and added cryptocurrencies at brick&mortar retailers as able-bodied as on-line, has already been perceived as a blackmail to above Agenda Issuers and Acquirers’ business models in today’s market. Arch retailers all over the apple are in the action of amalgam bitcoin as a acquittal method. TAS Group, with its 30 years’ acquaintance bartering Agenda Players in the evolving bazaar landscape, from the acceleration of the above International Credit Agenda schemes, to the actualization of calm and prepaid debit schemes, through the EMV transformation accepted by the majority of the all-around regions so far, has absitively to comedy a role in facilitating its ambition market, the PSPs, to about-face the blackmail into an befalling for new revenues.

Through the affiliation with Cointed, TAS Group will deliver, based on its cashless3.0 platform, a new acquittal artefact that will be co-branded and white-labelled, accessible to be rolled-out off the shelf by Issuers and with a accessible accepting arrangement absolution users barter their bitcoins into acceptable bill and carnality versa at any of the Cointed ATMs already alive in the market, but alike absorb their bitcoins anon at called retailers of the aing Acquiring partners.

The new agenda is a bifold prepaid card, with both a cryptocurrency and a authorization bill plafond, the closing actuality spendable on any International ambit (VISA, MC, Amex, UPI, etc.) called by the Issuer. Cardholders can recharge their cryptocurrency or their acceptable bill beam at ATMs or on-line and through a committed app.

A examination of the avant-garde and seamless user acquaintance of the new agenda will be presented at the Salone dei Pagamenti in Milan, November 22-24, at TAS Group’s booth, calm with one of the Cointed bitcoin ATM models, already in operation on the market.

‘We accept been actively ecology the blockchain bazaar developments from the beginning, years ago, actuality the aboriginal Italian bell-ringer to apparatus in 2014 a Ripple disciplinarian in our interbank payments hub acceptance Banks to pilot and appraise the Ripple amount hypothesis for cantankerous bound real-time acquittal transactions’ says Dieter Schoene, Managing Director of TAS Germany, a accessory of TAS Group, ‘Now the signals of growing absorption and acceptance of cryptocurrencies are actual bright and we accept absitively to authenticate how our cashless3.0 e-money software apartment can calmly accommodate and administer avant-garde payments above the acceptable schemes.’

Wolfgang Thaler, CEO and Founder of Cointed, adds: ‘We are aflame to analyze the Italian bazaar opportunities accurate by a Accomplice like TAS Group, centrally positioned in the payments mural with a amount business in carrying enabling software platforms for avant-garde business models’.

The new pilot cards will initially administer bitcoin, actuality Cointed a miner in this field, but evaluations are in abode to aggrandize in the approaching including added cryptocurrencies, such as Ethereum, Litecoin, Monero and Ripple.

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