Virtual assets are volatile in price and for that reason merchants typically do not want to hold them. Furthermore, holding virtual assets exposes merchants to security risks such as hacking. Gebo Group takes on this crypto risk and pays out the full purchase price to merchant in USD or the currency of their choice without being exposed to virtual asset.
While using Gebo Group’s point-of-sale (POS) terminal or its APIs, merchants provide their customers with the ability to pay with approved virtual currencies. These include virtual assets such as Bitcoin or Ethereum without exposing themselves to said risk.
How it works
- Merchant specifies the total price for the transaction (creates an invoice)
- Gebo Group provides a real-time price in the desired currency to the customer
- After customer checks out – the full purchase price is remitted to the merchant in USD (or another local currency of their choice) without any fees to the merchant or to the customer either.