Nationwide Payments Systems (NPS), a leading commerce enablement provider, has launched Worldwide Digital Payments, a global processing platform designed to power secure, compliant payments throughout ever-changing regulatory and legislative developments, the company stated. Describing the solution as a timely response to the upcoming Infrastructure Investment and Jobs Act, NPS representatives observed the new laws will have severe impacts on the cryptocurrency ecosystem.
Allen Kopelman, CEO, co-founder at NPS, and host of the popular B2B Vault podcast series, stated the infrastructure bill has new reporting requirements for cryptocurrency transactions that go into effect in 2024. The B2B Vault has been covering these mandates, he stated, and business owners need to plan ahead to ensure they are compliant with reporting guidelines and SOC2 and FinCEN regulations.
“This bill will have far-reaching impacts on business owners that use blockchain, bitcoin ATMs, cryptocurrency, DeFi protocols and other exchanges,” Kopelman said. “Anyone who mines digital coins may also be scrutinized. We’re educating business owners on upcoming legal mandates to prepare them for the changes and further assist with compliance and recordkeeping of digital transactions and assets.”
Open for business
Kopelman said Worldwide Digital Payments is enrolling international merchants.
“We offer a global payment processing solution for the universe, metaverse, multiverse and beyond,” he said. “We’re accepting applications for NFTs; NFT marketplaces; NFT games; Web3; DeFi; cryptocurrency exchanges; cryptocurrency coins; Metaverse; Metaverse Games; Metaverse Real Estate and a range of crypto-related businesses in the gaming and eSports industries.”
With more than 20 years of payment processing experience, Worldwide Digital Payments, an NPS brand, is poised to leverage its close banking relationships to help traditional and next-generation businesses provide security and an excellent customer experience.
About Worldwide Digital Payments
Worldwide Digital Payments is now accepting domestic (USA) and international merchant applications. We provide services in the following businesses: NFT, NFT Marketplaces, NFT Games, Web3, DeFi (Decentralized Finance), Cryptocurrency Exchanges, Cryptocurrency Coins, Metaverse, Metaverse Games, Metaverse Real Estate, and Crypto-related businesses that support the industry. We also support the gaming and eSports industries. With more than 20 years of experience in the payments, we connect with banks interested in this space. Set up a consultation with us if you’re ready to take your business to the next level with international payment card, cryptocurrency and localized cross-border processing.
For more information, visit www.worldwidedigitalpayments.com and follow us on LinkedIn and Twitter
Worldwide Digital Payments
Worldwide Digital Payments
1500 West Cypress Creek Road
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