Businesses Can Accept Crypto Anywhere With Cyclebit

With consumer interest for crypto growing, many more businesses would like to accept digital currencies but lack the knowledge and technological infrastructure needed. Cyclebit solves this problem as it empowers retailers to take advantage of crypto payment opportunities with simple, affordable, and robust tools for in-store, online and on-the-go purchases.

Cyclebit was launched in 2019 as an independent business entity and is based on an ecosystem and technological expertise provided by ibox. This means it can share partner resources with an established provider with over one million transactions a month, $1 billion annual turnover and 200,000 POS terminals using its technology. Cyclebit is currently operational in Canada, the U.S., Thailand, Vietnam, Japan, and selected parts of Europe.

Crypto technology makes transactions private, transparent and direct between the merchant and the customer – with no intermediaries. Cyclebit leverages this to process cryptocurrency transactions in a way that mimics cash's desirable features for businesses and customers. Some of the superior transaction capabilities include borderless and universal accessibility, no intermediation fees at the point of transaction, a very high level of privacy and the capacity for offline transfers. Cyclebit also charges 0% transaction fees to merchants for all cryptocurrency transactions.