Nationwide Payment Systems Rolls Out Worldwide Digital Payments Platform

Nationwide Payment Systems (NPS), which works in commerce enablement, has rolled out its global processing platform Worldwide Digital Payments, according to a Tuesday (April 5) press release.

The platform will power payments for crypto businesses and those working in related sectors, helping those businesses expand their reach by accepting credit cards rather than limiting sales to just cryptocurrency tokens.

The release noted that as there are more credit card consumers than crypto customers, businesses will be able to capitalize on a wider audience and boost sales. According to Allen Kopelman, CEO and co-founder of NPS, these businesses are in need of things like credit card processing.

Kopelman said the program lets digital marketplace and eCommerce merchants use a global processing engine and single sign-in for one comprehensive account.

“Anyone in the cryptocurrency space can set up a consultation and review what we have available for processing and also banking solutions, as some companies are having a difficult time getting banking,” Kopelman said, adding that merchants of all types have signed up.

“We offer a global payment processing solution for the universe, metaverse, multiverse and beyond,” he continued. “We’re accepting applications for NFTs; NFT marketplaces; NFT games; Web3; DeFi; cryptocurrency exchanges; cryptocurrency coins; Metaverse; Metaverse Games; Metaverse Real Estate and a range of crypto-related businesses in the gaming and eSports industries.”

PYMNTS wrote that, in other news relating to crypto payments, European Union lawmakers have proposed an anti-money laundering (AML) regime which would make it so there has to be identification and screening for any crypto transaction, no matter the size.

See also: With AML Proposal, ECB Gives Digital Euro Leg up on Bitcoin Payments

However, the European Central Bank (ECB) also put out a proposal exempting users of its own central bank digital currency (CBDC) from AML checks for smaller transactions — essentially making it so the CBDC would become more legitimized as opposed to other digital coins.

ECB executive Fabio Panetta said a digital euro “would provide people with a level of privacy equal to or higher than that of private digital solutions.”