Business News Report
March 08, 2024

Wert Collaborates with Worldpay to Integrate JCB, Amex and Discover to its Web3 Payment Platform

In Brief

Wert has collaborated with Worldpay to expand functionalities and include JCB, Amex, and Discover cards in its integrated Web3 payment system.

Wert Collaborates with Worldpay to Integrate JCB, Amex, and Discover to its Checkout Platform

Web3 payment solution provider enabling fiat transactions, Wert collaborated with global payment processor Worldpay to expand its card acceptance functionalities. The new partnership enabled Wert to include JCB, American Express (Amex) and Discover cards in the integrated payment system. 

Wert promotes broader engagement from non-crypto native users by introducing a non-fungible token (NFT) checkout solution for accessibility and simplified transactions. Its checkout solutions employ a merchant category code, leading to a 95% approval rate for fiat payments, in contrast with the average approval rate for fiat-crypto transactions, which is around 50%.

Moreover, Wert’s checkout solution accepts payments from nearly all major card brands, which allows for reduced purchase drop-offs caused by declined transactions and enables high card acceptance. This is expected to contribute to an increase in the adoption of on-ramps into Web3.  

Expanding its reach to include additional payment methods, Wert seeks to access new niche markets for high-value purchases in the United States and Southeast Asia. Additionally, the integration is anticipated to improve conversion rates, leading to increased sales and an enhanced market presence.

The expanded payment options will enhance Wert’s NFT checkout experience, allowing creators to confidently present their artworks to a more extensive audience and providing a simplified experience for collectors to engage with NFTs. 

 “By facilitating near-universal card acceptance, we are advancing towards an inclusive ecosystem where digital assets can be accessed without barriers. This marks a significant leap in accessibility and inclusivity within the Web3 realm. It’s a pivotal step forward in empowering users globally to engage seamlessly with the evolving digital economy,” said George Basiladze, Founder and CEO of Wert, in a written statement. 

Wert Propells Web3 Adoption

Founded in 2020, Wert is a unified payment provider operating within the financial technology sector. The company provides services facilitating a seamless credit card checkout experience for purchasing Web3 assets or NFTs directly from smart contracts. Additionally, Wert supports the selling of utility tokens, gas, and other decentralized finance (DeFi) assets. The company primarily serves the cryptocurrency and blockchain industries, operating as a regulated Virtual Asset Service Provider (VASP) with licenses in Estonia and the United States. 

Last year, Wert partnered with insurtech service Avata to enhance its NFT warranty service by troubleshooting the asset security gap for NFT collectors, offering the opt-in warranty for NFTs that covers up to 90% of the value of the digital assets for any NFTs compromised in a smart contract hack. Available on nearly 80 digital asset marketplaces, including the KnownOrigin NFT marketplace, the service ensures some degree of protection against hacks and theft and will help perpetuate mass adoption of NFTs and Web3 technologies in general. 

Last year, Wert partnered with insurtech service Avata to augment its NFT warranty service and address the security gap for NFT collectors. The opt-in warranty for NFTs offered by Wert covers up to 90% of the value of digital assets compromised in a smart contract hack. This service, available on nearly 80 digital asset marketplaces, including the KnownOrigin NFT marketplace, provides a certain level of protection against hacks and theft, contributing to the broader adoption of NFTs and Web3 technologies.

Wert’s commitment to increasing the adoption of Web3 is also evident in its enhanced payment options, facilitating inclusivity and accessibility within the Web3 realm and marking another advancement in empowering users within the evolving digital economy. 

Disclaimer

In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.

About The Author

Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.

More articles
Alisa Davidson
Alisa Davidson

Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.

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