WadzPay selects Bosonic for crypto conversion 19 October 2022Singapore Reporter: Lucy Carter
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Blockchain-based payments company WadzPay has chosen Bosonic to provide a point-of-sale (POS) capability with integrated crypto conversion, leveraged by Bosonic’s global liquidity network.
Through Bosonic’s infrastructure, WadzPay will be able to offer clients a crypto-to-fiat conversion in its POS blockchain payment solution. Using Bosonic’s payment versus payment technology, counterparty credit and settlement risks will be mitigated.
Anish Jain, founder and group CEO of WadzPay, comments: "The Bosonic team and technology provide a great partnering opportunity to support the WadzPay vision as we expand our global use cases to offer merchant acquirers a scalable, cost-effective, risk-free and instantaneous POS digital currency payments solution. I look forward to a long successful partnership."
Jason Nabri, chief revenue officer of Bosonic, adds: “Accessing the Bosonic Network for crypto liquidity and risk-free transactions across our Layer-2 infrastructure enables WadzPay and their merchant clients to eliminate the need for bilateral credit and settlement risk in the digital asset markets."
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