Pareteum Adds Blockchain Settlement for Cryptocurrency to Global Cloud Platform
Mobile cloud communications platform company, Pareteum Corporation has revealed that it has completed development enabling it to add support of blockchain technology to its billing and settlement services. This newest service capability enables Pareteum customers to accept and process Bitcoin, Ethereum, Litecoin, Airtokens and other forms of cryptocurrencies.
Blockchain has been noted as the potential foundation for building a new generation of transactional applications that establish trust and transparency while streaming business processes – critical to advancing adoption of mobile payments amongst consumers and businesses. The new feature being offered to all Pareteum’s Global Mobility Cloud customers will allow them to not only accept the cryptocurrencies but also to perform payment processing and settlements with their partners in any currency.