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Provo, UT, May 16, 2019 (GLOBE NEWSWIRE) -- (via Blockchain Wire) Pyrofex introduces Numifex, the beta version of a fully-functional payment processor for cryptocurrency that merchants can already integrate into their websites. As more consumers realize the benefits of cryptocurrency, including increased transaction data transparency, privacy, and security, it will be incumbent upon businesses to meet these consumer demands. Merchants using Numifex receive payments directly from customers, thereby eliminating transaction fees, data harvesting, and chargebacks—all of which must be accepted when using credit card processors.
“As consumers continue to wake up to the data privacy and security risks involved with credit card payments, attraction to cryptocurrency will increase,” said Pyrofex Founder and CEO, Nash Foster. “Numifex offers an easy solution for merchants seeking to serve this growing consumer base by offering payment processing in cryptocurrency that is owned and operated by the merchant.”
Numifex currently processes payments in ETH (Ethereum’s cryptocurrency) and is planning to roll-out bitcoin processing later this month. Though it is difficult to estimate an exact number of cryptocurrency users, the number of bitcoin holders alone is likely somewhere between 13 and 32 million, and a survey of bitcoin holders found that 40% were open to making everyday transactions with cryptocurrency. Businesses that recognize the shift towards crypto payments will benefit from this growing consumer base and improve ROI by saving on fees normally paid to credit card companies.
The Pyrofex team, led by three ex-Googlers with over 30 years of combined experience building complex internet systems at large scales, is also behind CDelta, an open source, proof-of-stake blockchain and payment platform that will be able to process 50,000 transactions per second at launch. Built using Casanova’s optimistic consensus system, CDelta paves the way for adoption of crypto payment dapps by introducing a blockchain solution that is fast and cost-efficient.
For more information about Pyrofex and other media inquiries, please contact Sarah Cohen at Melrose PR sarah(at)melrosepr(dot)com or call (310) 260-7901.
Pyrofex Corporation, formed in 2016 by co-founders Nash Foster and Mike Stay, is focused on the development of software, protocols, and infrastructure to support a truly scalable global cryptocurrency. CDelta will be an open source, proof-of-stake blockchain and payment platform. Built using Casanova’s Optimistic Consensus System developed by Pyrofex, CDelta will enable users to process tens of thousands of transactions per second and significantly reduce transaction fees without sacrificing any security or decentralization. Numifex is a fully-functional payment processor for cryptocurrency that merchants can integrate into their websites today. Pyrofex’s team is led by three ex-Googlers with over 30 years of combined experience building complex Internet systems at extremely large scales. Pyrofex believes the world is ready for a decentralized payment processing solution that is fast and cost efficient.