Blockchain Fintech Start-Up, PAYMYNT Financial, buys LettucePay

Blockchain Fintech Start-Up, PAYMYNT Financial, buys LettucePay

PAYMYNT Financial, a leading U.S-based fintech start-up, has reportedly announced acquisition of an award-winning payment tech firm, namely LettucePay, which specializes in cryptocurrency payments. Effective instantly, the purchase makes it possible for PAYMYNT Financial to incorporate cryptocurrencies like Bitcoin as a form of payment at major retail places.

CEO, PAYMYNT Financial, Michael Rosa stated that the firm’s platform for shopping rewards uses blockchain technology of Stellar Network. Addressing the winners of the Stellar Network Community Fund was a simple decision.

Rosa added that together the firm is all set to bring the advantages of blockchain to a much larger audience.

Introduced in 2019, LettucePay is basically a cryptocurrency app that allows merchants to settle cryptocurrency sum as USD payments, for nominal transaction fees.

Adding further Rosa stated that the team of PAYMYNT Financial would integrate the software of LettucePay with PAYMYNT Rewards, the firm’s next-gen shopping rewards platform.

In addition to the purchase, blockchain fintech start-up would also be welcoming two ex LettucePay team members, Brian Goldberg, as a Blockchain Advisor and Ari Mizrahi, as a full-stack engineer.

The new PAYMYNT Rewards app would be available for download on both the Samsung and Apple stores from Spring.

About PAYMYNT Financial Group:

PAYMYNT Financial Group is a digital commerce as well as financial growth firm formed with the overall goal of making the experience of online shopping much more rewarding and enhancing the financial well-being of the underserved. The firm was mainly founded by a group of finance as well as tech-driven businesspersons, with an objective to integrate digital currencies and blockchain technology as well as a common rewards program for each one to be their own bank.

PAYMYNT Rewards is a next-gen mobile commerce application that combines online shopping, financial investments, peer-to-peer payments, and digital banking into an all-in-one platform.

Source credit: https://www.prnewswire.com/news-releases/blockchain-fintech-start-up-paymynt-financial-acquires-award-winning-cryptocurrency-paytech-firm-301202939.html