Blocktrade and SKAi2 Launch Instant Crypto Payment Solution

FinanceFeeds Editorial Team

Asset marketplace and trading platform, Blocktrade, has announced a major release that brings crypto payment to the shops easier than ever. With the new feature, any retailer can now accept payments in multiple cryptocurrencies, and receive euros that are deposited into their accounts instantly. 

With the collaboration of the technology provider, SKAi2, consumers can now use the Blocktrade mobile app to pay with 60+ different cryptocurrencies. For every purchase, the users will receive 5% cashback depending on the cryptocurrency used for payment, plus an additional cashback of up to 25% in the Blocktrade token, BTEX. 

These days SKAi2 is rolling out a next-generation point-of-sale terminal system for retailers that provides merchants with the ability to accept both traditional payments, such as credit and debit cards, as well as cryptocurrency transactions.

 While alternative providers have enabled retailers to accept crypto in the past, the ‘Pay with Blocktrade’ feature stands out as it’s the first solution to enable retailers to process crypto payments immediately, eliminating the risks associated with crypto volatility. 

The payments will be processed as efficiently as a traditional credit or debit card transaction, with the amount in crypto automatically exchanged into euros. Unlike credit card payments, which can take several days to process, the crypto funds will be deposited into the retailer’s account. 

Pay with Blocktrade stands out as the fastest, simplest, safest and most effective solution for retailers to accept crypto payments than ever before. The entire transaction takes 10 seconds. Retailers will benefit from being able to accept crypto, while consumers will be able to put their crypto savings to use in the real world, paying for everyday goods in a fast and seamless way using the Blocktrade mobile app. They’ll be able to choose to pay in any cryptocurrency they hold in their Blocktrade wallet. 

The capability stands in contrast to competing solutions, which are not only slow but also extremely clunky and unreliable, with retailers often being disadvantaged by the extremely volatile exchange rates of most crypto tokens. 

Pay with Blocktrade is rolling out now with the Blocktrade 4.0 update, and is expected to be adopted by 10,000 merchants by the end of the first quarter of 2024, expanding to more than 100,000 merchants by the end of the year. To learn more about Blocktrade and Pay with Blocktrade, visit: Blocktrade is a state-of-the-art digital asset platform that enables the seamless buying and selling of cryptocurrencies with no trading fees. The platform offers a wide range of cryptocurrencies, a user-friendly interface, multiple payment options, saving plans, and exceptional customer support. 

Established in 2018, Blocktrade has emerged as a leading player in the digital asset industry due to its unyielding commitment to security and regulatory compliance. The platform is fully transparent, with over 5,000 class-B shareholders, and regulated to EU standards. It is registered as a VASP with the Estonian, Italian, and Slovenian regulators and operates in full compliance with AML 5 guidelines.

For more details about Blocktrade and its innovative payment solution, interested parties can visit The platform’s commitment to transparency, with over 5,000 class-B shareholders and registration with multiple European regulators, underscores its reputable standing in the rapidly evolving digital currency landscape.

  • Read this next

    Institutional FX

    Intercontinental Exchange reinvents voice trading with ICE Voice

    “For the first time, ICE’s users will have a single, integrated platform for chat and voice that matches both traders’ need for always-on, instantaneous connectivity with other traders, and firms’ desire for easy-to-access and use records that help them meet their record retention requirements.”


    Duco launches EMIR-compliant transaction reporting eligibility validator

    “With Duco’s transaction reporting eligibility validator, customers can run independent checks whenever they want, get results in minutes, and access a clear audit trail. The solution provides insights at a field-by-field level so clients can see specific issues, discuss, and show ESMA they are considering discrepancies at a deep level.”

    Digital Assets

    Bybit’s trading volume near all-time high ahead of Bitcoin halving

    “Now, we’re seeing large inflows and smart money is moving fast. With the Bitcoin halving just around the corner, Bitcoin is proving itself as an institutional asset, a hedge against economic uncertainty, and a vote for financial freedom.”

    Digital Assets

    Morgan Stanley to add spot bitcoin ETFs

    Morgan Stanley is reportedly considering adding spot bitcoin ETF products to its brokerage platform. This move comes after the Securities and Exchange Commission (SEC) approved the investment vehicle in January.

    Digital Assets

    Hong Kong ends license applications for crypto exchanges

    Hong Kong has officially ceased accepting license applications from cryptocurrency exchanges as of February 29, signaling a stringent regulatory shift.


    Volt secures EMI license, expands payment solutions in UK

    Volt has successfully obtained an Electronic Money Institution (EMI) license from the UK’s Financial Conduct Authority (FCA).

    Retail FX

    ASIC bankrupts finfluencer Tyson Scholz over stock tips

    The Australian Securities and Investments Commission (ASIC) has effectively bankrupted Tyson Robert Scholz, the figure behind “Black Wolf Pit.” The action marks a significant crackdown on so-called ‘finfluencers’ and individuals providing unlicensed financial services.

    Digital Assets

    Green Bitcoin Presale Raises $1M as Bitcoin Approaches its ATH

    The eco-friendly crypto project Green Bitcoin has seen its limited-time presale phase cross $1 million in funding. With an innovative gamified staking model and energy-efficient foundation, Green Bitcoin offers token holders a way to stake their tokens and generate yield.


    Introducing QuickNode Streams: Elevating Blockchain Data Management

    Discover QuickNode’s Latest Innovation: Streamlining Blockchain Data Streaming for Enhanced Efficiency and Accessibility. Explore the Future of Blockchain Technology with Streams.