Pareteum Corporation announces the completion of development enabling it to add support of Blockchain technology to its billing and settlement services. Adding of blockchain will enable Pareteum customers to participate in the transformational “Digital Economy Monetization to the Cloud”.
This new service will now accept and process Bitcoin, Ethereum, Litecoin, Airtokens and other forms of cryptocurrencies.
Perhaps technology is the biggest disrupter behind digital currency. Blockchain has been noted as the potential foundation for building a new generation of transactional applications that establish trust and transparency while streaming business processes, which is critical to advancing adoption of mobile payments among consumers and businesses.
Hal Turner, executive chairman and principal executive officer of Pareteum, added, “We envision a time in the not too distant future when Pareteum could create its own currency payments and settlements among the millions of subscribers on its platform globally. As we consider the new global mobile landscape, and Pareteum’s service and capabilities developments in 2017, which have opened doors for us in the Internet of Things (IoT), Smart Cities, and use of Artificial Intelligence (AI) and Machine Leaning (ML) creating predicative analytics for the vast amounts of digital data we are capable of securely processing, we maintain an optimistic view towards 2018 and beyond.”
With this new feature available to Pareteum’s Global Mobility Cloud customers will allow them to not only accept the cryptocurrencies but also to perform payment processing and settlements with their partners in any currency.
Vic Bozzo, CEO of Pareteum stated, “The demand in the mobile market for digital wallet applications has quickly morphed into a requirement to process and settle all forms of currency and an entire eco-system of applications relying on purely digital settlement has emerged.” Read more…