Snapcard unveils new cross-border payout solution
Snapcard has launched a new enterprise-level cross-border payout solution built on top of the blockchain network.
Snapcard said that MassPay API instantly and programmatically allows merchants to send mass payments to a phone number or e-mail address without taking on any exchange rate volatility risk.
Dubbed as MassPay, the new platform has been launched in partnership with Tango Card, a rewards-as-a-service platform.
With this platform, recipients can instantly receive funds and also withdraw funds to over 15 local currencies for a fee of less than 0.25%.
According to the company, the platform will allow merchants to hold funds in US dollars, Australian dollars, Canadian dollars and euros and automatically disperse payouts with a single API call.
Snapcard CEO Michael Dunworth said: Tango Card was able to use our new MassPay API to allow their users to receive Bitcoin Rewards at an e-mail address, phone number, or a bitcoin address, all without taking on any of the currency risk. We saw the opportunity for MassPay when we noticed partners being unable to payout customers efficiently.
“Digital content companies are now able to streamline their payouts to all of their freelancers, artists and designers all with a simple API call. Additionally, we’ve been working closely with a lot of game developers to make sure the MassPay API will plug in nicely to their gaming ecosystems.”