Accept cryptocurrency payments and receive cash directly to your bank account with Dello. This service hopes to normalize crypto as a payment method by greatly simplifying the process for merchants and customers.
MONTREAL, CANADA, JUNE, 2022 – Between the second and third quarters of 2021, NFT trading volume rose more than 700%. During the same year, crypto owners increased to a ratio of one in every four households—a substantial 25%. Some businesses now accept cryptocurrency as a payment method, and Dello wants to streamline the process for those that don’t, especially for brick-and-mortar stores. The company hopes to normalize crypto as a payment method and usher merchants and customers into the Web 3.0 era.
According to a recent report by checkout.com, 40% of 18-35 year-olds surveyed say they intend to use crypto to pay for goods and services in the coming year. Most people have already used digital wallets, such as Apple Pay or Google Pay, to make at least one purchase, so what might be stopping them from using crypto wallets?
Statistics suggest that it’s high time for merchants to adjust to the ever-growing crypto community and start giving them options for payment. With Dello, it’s not only easy but also risk-free.
Dello works to make accepting cryptocurrency simple and hassle-free. This Montreal-based company protects business owners from the volatility of fluctuating crypto prices, as the amount of each purchase is converted to local currency and deposited directly into their bank account. Other benefits of using Dello include:
- Fees that start at 1.25% and scale as low as 0.1%, much lower than credit card processing costs
- Instant transactions via the Bitcoin Lightning Network
- Traditional and crypto payments can be processed from a single device
- Merchants don’t need to understand cryptocurrency to use the service
“Our CEO, Jocelyn Roy, is a payments integration specialist with over 25 years of experience developing software solutions. When he spoke to the company’s co-founders about how people spend their crypto, it was clear there was no easy way to spend it on everyday purchases. With their combined knowledge and expertise, the Dello team conceptualized and developed a payment processing solution to help consumers spend crypto quickly and easily at any store”—said a representative from Dello. “To be where we are today, we went through a lot of sleepless nights—lots of market studies and changes from week to week, course-correcting to be the best in the game.”
As mentioned previously, Dello provides a risk-free and accessible solution to businesses of all types and sizes. With its unique payment system, merchants don’t need to directly handle cryptocurrency and don’t require any technical expertise. Due to the irreversible nature of crypto payments, merchants no longer have to worry about costly chargebacks and dispute resolution delays, and Dello removes the risk for businesses and consumers by locking in a fixed exchange rate at the time of the transaction to ensure merchants always receive the full purchase amount. Learn more about them here.