Key Takeaways
- Calypso Pay has launched its own blockchain and announced the first significant update of its platform, Calypso Pay 2.0.
- With Calypso Pay 2.0, the payment process has been streamlined, with decreased transaction fees of up to 20%, increased speed by two times, and a lowered minimum payment threshold from $100 to $1.
- Calypso Pay allows users to send and receive payments in more than 150 countries with over 20 tokens. Since January 1st, 2022, the platform has processed $1.5 billion in transactions.
Calypso Pay, a high-volume crypto processing and acquiring platform, has announced the launch of its own blockchain and the first significant update of its platform, Calypso Pay 2.0. With the update, the payment process has been streamlined, including a decrease in transaction fees of up to 20% and a two-fold increase in speed, with payouts of up to 100 accounts processed in less than a minute.
The commission is now deducted in the same currency used for the transaction, and an instant auto-conversion service has been added. Furthermore, the minimum payment threshold is lowered from $100 to $1.
Users can create additional accounts within their main account and assign different roles for employees to manage the information and data shared. Internal transactions have also become free of charge.
Calypso Pay allows users to send and receive payments in more than 150 countries with over 20 tokens, such as BTC, ETH, Tron, BSC, and USDT, representing 80% of the global crypto market cap. Over 10 million transactions have already been sent through Calypso Pay since January 1st, 2022, and the platform has processed $1.5 billion.
Calypso Pay is a part of Calypso Group, which provides a comprehensive set of products and services helping customers accept payments in crypto, confirm their origin for regulatory purposes, run payouts and payroll. The group also includes WatchBlock, a blockchain analytics platform that provides tracking and monitoring for transactions, insights into transaction data, purchase history, and risk management.
Svyatoslav Dorofeev, CEO of Calypso Group, said that the launch of their own blockchain and the first significant update of their product is a notable improvement, both in speed and fees, and optimizes the payment process within the Calypso Group as a whole.
“Now we do not only provide our clients with advanced fintech products and payment solutions but have implemented Web3 inside our core infrastructure”, Svyatoslav added.
Calypso Pay charges 1% for Lightning transactions, which is the same fee as for all other services. Transfers via Bitcoin Lightning Network are available to all users without any limitations.
Calypso Group is building a crypto-native fintech ecosystem for businesses, providing a comprehensive set of products and services to help customers accept payments in crypto, confirm their origin for regulatory purposes, run payouts and payroll.
Calypso Group was formed with the merger of Calypso Pay and TheWatch, a blockchain analytics platform that provides tracking and monitoring for transactions, insights into transaction data, purchase history, and risk management, to provide a more comprehensive range of services to its customers.
Overall, Calypso Pay provides a dedicated management module for crypto treasuries, which covers specific needs. The clients can request financial reports with the transaction history for specific periods to identify the most frequently used currencies, the amount of network fees paid, and more.
Read Also: Calypso Pay Adopts Lightning Network And Now Enables Its Users To Send And Receive Payments Faster