Coffee Company Oaza Teams With BitPay To Accept Crypto Payments

Coffee company Oaza Beverages has teamed with crypto payment processor BitPay to start accepting cryptocurrency as a form of payment for their innovative line of cold brew products.

Founded in 2019, Oaza claims to be the first cold brew coffee infused with electrolytes to aid in hydration and active lifestyle performance. Low-calorie and no sugar added with all-natural ingredients, Oaza’s low-acidity 6+ pH yields a smooth finish without compromising taste. A graduate of leading CPG accelerator BeyondSKU in 2020 and a current participant in UNFI’s prestigious “UpNext” program, Oaza has recently been recognized as a “Top Brand to Watch” from September’s Natural Products Expo East by both KeHE and New Hope Network.

Founded in 2011, BitPay is one of the oldest cryptocurrency companies. Its business solutions eliminate fraud chargebacks, reduce the cost of payment processing, and enable borderless payments in cryptocurrency, among other services. BitPay offers consumers a complete digital asset management solution that includes the BitPay Wallet and BitPay Prepaid Card, enabling them to turn digital assets into dollars for spending at tens of thousands of businesses.

According to Oaza, the ability to accept cryptocurrency gives its customers unparalleled payment flexibility by tapping the massive crypto marketplace. Using BitPay, Oaza receives directly into its sales account the next business day 50% settlement in its local fiat currency (US Dollars) and 50% in BTC and ETH.

“We decided to accept crypto because we believe that cryptocurrencies are here to stay as an asset class and are irreversibly paving the way for future innovation in the financial services industry,” said Jeff Burbank, CEO at Oaza Beverages, Inc. “Very few companies in Food & Beverage currently accept payment in crypto; we are proud to be a cutting-edge brand in that we are the first to incorporate hydration into coffee and also one of the first to sell coffee in exchange for cryptocurrencies,” “Equally innovative yet simple, BitPay manages the entire process and makes it easy to receive crypto from the customer and deposits cash into our account.”

“Oaza realizes the potential for crypto to transform all industries, making payments faster, more secure, and less expensive on a global scale,” said Shaun Worley, Vice President of Product at BitPay. “Our goal at BitPay is to make accepting crypto a seamless process and increase adoption as crypto is the future of payments.”