Triple-A, a digital currency payment company, and Paycorp, a global payment platform, have joined forces in a strategic partnership to enable users of the CryptoExpress app in South Africa, powered by Paycorp, to conduct cash withdrawals at ATMs.
In an announcement made to Technext on Monday, the collaboration will empower South African users of the Paycorp-driven CryptoExpress app to convert their cryptocurrency assets and withdraw South African Rand at over 3,000 ATMs across the country.
Triple-A specializes in digital currency payment services, allowing businesses to send and receive payments in both traditional and digital currencies, mitigating volatility. On the other hand, Paycorp, headquartered in South Africa, is a global payments company that offers a comprehensive range of payment products and services, including cash management, transaction processing, value-added services, and business funding. The primary objective of Paycorp is to facilitate connections between individuals and their money and businesses and their customers.
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The Collaboration Between Triple-A and Paycorp
The collaboration between Triple-A and Paycorp marks a significant step towards integrating digital assets into everyday transactions and promoting financial inclusion. Leveraging Paycorp’s extensive experience in payment solutions, particularly in ATM network management, the partnership introduces a practical solution for digital currency holders to convert and withdraw their assets in South African Rands.
With over two decades of expertise in payment solutions, Paycorp manages South Africa’s largest independent ATM network, including strategically positioned “Cash Express” ATMs across residential, commercial, and retail areas nationwide. The CryptoExpress app, powered by Paycorp, utilizes a segment of the existing Cash Express ATM network, which supports standard cash withdrawals and various digital wallet and voucher cash-out options. This signifies the evolving financial landscape where traditional banking and emerging payment methods intersect.
The CryptoExpress app, available for free download on iOS and Android app stores, collaborates with Triple-A as its processing partner. Users can initiate cash-outs from digital currencies such as Bitcoin (BTC), Ethereum (ETH), USD Coin (USDC), and Tether (USDT) after a successful registration process. The app generates a withdrawal voucher PIN, and users can complete the transaction at a Cash Express ATM by entering their mobile number and the withdrawal PIN.
Steven Kark, CEO of Paycorp, emphasized the commitment to enhancing cash accessibility, stating that the collaboration with Triple-A provides a convenient way for crypto holders in South Africa to utilize their digital assets.
Conclusion
Eric Barbier, Founder and CEO of Triple-A, expressed excitement about partnering with Paycorp, highlighting the alignment of Triple-A’s mission to bridge the gap between digital and traditional currencies with Paycorp’s dedication to connecting people with their money. Together, the partnership aims to expand the ways individuals interact with their digital currencies.
