Algomint joins forces with payment gateway Payscript
Algomint is excited to announce a new strategic partnership with Algorand-based payment gateway Payscript. The Algorand DeFi ecosystem has grown tremendously over the last 12 months, with a plethora of projects attracting large numbers of users seeking a solution that is cheaper, faster, and more energy efficient. Payscript is designed to break down the barriers of widespread crypto adoption.
After graduating from the Algorand Europe Accelerator earlier this year, Payscript’s foundational architecture is entrenched deep into the Algorand network and community with a multitude of exciting business and consumer payment solutions on offer, including digital wallet services, a payment gateway, and an in-store checkout app.
In 2022 Payscript will be releasing a crypto card, built entirely on top of the Payscript digital wallet. This will create a beginner-friendly debit card that allows users to easily spend their crypto anywhere and anytime, without having to worry about QR codes and wallet addresses. Algomint is glad to offer synthetic assets that serve as enablers of such product innovation.
Like Algomint, Payscript believes on-chain transaction costs and speeds for most assets on other networks , including BTC and ETH, are too high. Algomint is the ideal partner to help facilitate cross-chain functionality so that popular assets can enjoy the inherent benefits of the Algorand platform.
Through this partnership, Payscript users and merchants can take comfort in knowing that they can accept crypto payments on any one of their platforms for a fraction of the cost by using goBTC or goETH instead.
The Algomint team sees immense potential in our alliance with Payscript, as it is a strategic priority for Algomint to integrate its assets with other Algorand DeFi platforms, in order to attract sticky capital in a sustainable manner, and ultimately create a prosperous ecosystem. The integration of goBTC and goETH into Payscript’s platform provides a clear-cut way to accelerate user adoption of everyday crypto transactions, driving towards Algomint’s vision of creating trusted, secure, high performance, scalable, and ubiquitous Algorand assets. Algomint’s partnership with Payscript will enhance our mission of improving interoperability, not only within the multi-chain reality, but also between the fast-developing Web 3.0 world and people’s daily lives.
About Payscript
Payscript is a new and ground-breaking payment gateway and cryptocurrency wallet that makes digital asset management more accessible than ever. Their platform has been designed to welcome traditional consumers into the world of blockchain. The Payscript wallet will integrate Algomint’s cross-chain functionality allowing users to use goBTC and goETH upon Algomint mainnet launch.
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About Algomint
Algomint empowers the next generation of DeFi by bridging popular assets like BTC and ETH to Algorand, a FutureFi blockchain protocol with robust technology and pure proof-of-stake consensus mechanism to deliver high speed and low transaction cost. Algomint is built by Meld Gold founders, Michael Cotton and AJ Milne , who aspire to create a decentralised future of financial inclusion and freedom.
🌍 Website: Algomint.io
