Ziftr has announced the launch of ZiftrPay, a new crypto-currency payment platform for merchants.
Part of the Ziftr ecosystem formed by ZiftrCoin, ZiftrWallet and ZiftrShop, the new service includes the ability for commerces to accept several crypto-currencies such as Bitcoin, Litecoin, Dogecoin and ZiftrCoin, with additional altcoins to be added soon. Merchants will be able “to receive payouts in cryptocurrency, cash or a combination of both.”
ZiftrPay will also work as a customer loyalty program. “All merchants will receive free ziftrCOIN digital coupons to give to their shoppers to incentivize them to use cryptocurrency, a low-cost, low-risk alternative to credit cards,” added the company, confirming that “each ziftrCOIN will have a minimum redemption value of $1.”
The company is now working to onboard a first group of merchants, with the goal of reaching “a critical mass of ZiftrPay merchants in time for Black Friday/Cyber Monday 2015.”