PDX Global’s Crypto-Fiat Payment App Launches on App Store and Google Play

PDX Global has officially launched its highly anticipated crypto-to-fiat payment app, PDX Beam, on both the Apple App Store and Google Play Store, marking a significant step in making cryptocurrency payments accessible to a broader audience. This move allows approximately 800,000 merchants, who are part of the Clover payments processing network, to seamlessly accept cryptocurrency as a payment option. The PDX Beam app provides a crucial bridge between the crypto world and traditional fiat currency, offering an easy and efficient solution for merchants who want to tap into the growing demand for crypto payments.

The core feature of PDX Beam is its ability to convert cryptocurrency into fiat currency directly at the point of sale, eliminating the need for merchants to rely on intermediary platforms, banks, or credit card processors. This direct crypto-to-cash payment platform eliminates complex procedures typically associated with crypto payments, such as trading platforms and exchange fees, thus simplifying the process for merchants. By using PDX Beam, merchants are shielded from the volatility and intricacies often involved in handling cryptocurrency transactions, as the platform automatically handles the conversion of the crypto payment into local currency on their behalf.

For consumers, the app makes it possible to pay for goods and services at participating merchants using their crypto holdings. PDX Beam simplifies the payment process by generating a barcode that can be scanned by the merchant at checkout. Once scanned, the crypto amount is automatically converted into the merchant’s local currency, and the payment is processed without the need for gas fees or complex blockchain network interactions. This functionality minimizes friction in the payment process and ensures that consumers and merchants alike can transact smoothly, without the typical hurdles of crypto transactions.

A major benefit of this setup is the reduction of chargeback fraud risks, as merchants are guaranteed the payment once the transaction is completed. With PDX Beam, the entire process is quick and efficient, with transactions being processed in under 30 seconds, a feat that sets the app apart from other crypto payment solutions. The platform’s goal is to further reduce transaction times to under 15 seconds as it continues to evolve and scale.

Shane Rodgers, CEO of PDX Global, spoke about the significance of this launch and the company’s ambitious plans for the future. According to Rodgers, the availability of PDX Beam on the Apple App Store and Google Play represents a major milestone for the company, positioning it for rapid growth. He emphasized that the app already has a “large and fast-growing ‘one-click integration’ base,” and PDX Global intends to build on this success by expanding its user base and forming additional partnerships with merchants who are eager to embrace cryptocurrency as a form of payment. With crypto adoption steadily growing, Rodgers believes there will be significant opportunities for both consumers who want to use their crypto and merchants who are eager to accept it as seamlessly as they do with Visa, Mastercard, or Apple Pay.

According to recent data from Security.org, by 2025, approximately 65 million people in the U.S. are expected to own cryptocurrency, representing about 28% of American adults. This growing trend of crypto ownership is being matched by an increasing number of merchants that are eager to accept crypto payments, with a Deloitte survey revealing that 85% of merchants expect crypto to be used for daily transactions in the near future.

PDX Beam’s launch comes after a successful round of testing, where the app demonstrated its ability to perform seamless transactions in under 30 seconds. The company aims to further optimize this feature, targeting a transaction time of 15 seconds or less upon the official launch. This significant speed improvement is expected to make PDX Beam one of the most efficient crypto payment platforms on the market, driving wider adoption of cryptocurrency for everyday transactions.

The launch of PDX Beam signifies a major step in bridging the gap between traditional finance and the rapidly growing world of cryptocurrency. By offering a solution that makes crypto payments as easy as using traditional payment methods like credit cards or mobile wallets, PDX Global hopes to contribute to the mass adoption of digital currencies in the real world, ensuring that consumers and merchants alike can take full advantage of the benefits offered by the crypto ecosystem.