Chicago-based merchant services and payment processing company Payroc has partnered with cryptocurrency platform Ethos.io to create a digital currency merchant payment processing service. Soon, merchant websites linked to Payroc will have a “Pay with Crypto” button available to customers as the Ethos Bedrock platform integrates with Payroc’s payment gateway platform.

Jared Poulson, chief integrations officer at Payroc, said: 

“We’re excited about partnering with Ethos as it brings together the traditional payments world Payroc operates in with new digital currencies. Our merchants will be able to accept payments via traditional credit cards, ACH, PayPal and now popular cryptocurrencies,” added Poulson. “We have been tracking Ethos for quite some time. Their commitment and vision of bringing the benefits of blockchain technology to the mass market aligns with Payroc’s culture of innovation, trust and stability.”

Shingo Lavine, Chief Executive Officer at Ethos, commented:

“Payroc is a stable, trusted and visionary partner. Ethos is dedicated to bringing cryptocurrency to the masses, and partners such as Payroc are an integral part of our delivery.”

The direct consumer-to-merchant crypto payments service will encompass common cryptocurrencies such as Bitcoin, Ethereum and Bitcoin Cash, as well as the Ethos token which acts as the gas for the Ethos ecosystem. As the platform abstracts blockchains, it supports other digital coins and tokens such as Ripple and Litecoin.

Merchants signed with Payroc will be able to provide customers with the opportunity to pay from mobile devices in cryptocurrency with Ethos Universal Wallet, an easy-to-use, and decentralized self-storage that keeps cryptos secure on the blockchain. Payroc’s merchants will also enjoy instant crypto payments and settlement made directly from consumer crypto wallets, plus immutable transactions with no chargeback risk.

The cryptocurrency company has 77,298,197 ETHOS in circulation from a total supply of 222,295,208 ETHOS, according to coinmarketcap. The digital token has a market capitalization of $116,275,813 USD and a daily trading volume of $3,616,200 USD, which is about 3% of the market cap. Ethos ranks #91 in the top 100 cryptocurrencies by market cap. Its price jumped over $10 during the crypto craze in early 2018 and is currently trading under $1.50.