Newnote Financial to offer Bitcoin-to-Fiat conversion

FinTech | June 22, 2015 By:

On Wednesday, June 17, Newnote Financial Corp. announced that Canadian fiat settlement is now available to over 13,000 Coinpayments.com merchants via the Company’s 100% owned Cointrader.net bitcoin exchange.

“For the past few months, we have been working with the team at Coinpayments Inc. of which Newnote holds a 20% equity position, to deliver this latest integration which offers merchants using Coinpayments.com as a payment processor to automatically sell their Bitcoin balances on Cointrader.net and settle via e-transfer or direct ACH transfer to their bank account,” said Newnote Financial.

Merchants can now accept 55 different crypto-currencies using one of the 25 popular shopping cart plugins Coinpayments offers. In addition, Coinpayments has enabled merchants to instantly exchange one coin for another via Shapeshift.io, an API platform that provides instant Bitcoin and Altcoin conversion. US Dollar settlement will be available in the near future.

Newnote Financial Corp. is a crypto-currency and Bitcoin related software products and services company.