IRVINE, Calif. - eTradeWire -- PayNation, a leading Southern California-based payment technology company revolutionizing B2B payment solutions, announced today the strategic alliance between PayNation, Velocity Transactions, and Blokko to address the growing demand for the use of Crypto in the world of B2B Payments.

"The growing global demand for goods and services is fueling the need for more diverse payment options," said Perryn Holtrop, CEO of PayNation. "With its built-in speed, security, and transparency, cryptocurrency provides businesses with an efficient way to process larger transactions more quickly and at a lower cost."

The global B2B payments landscape is poised for a significant transformation, with cryptocurrency emerging as a game-changing solution. By 2030, the B2B payments market is expected to reach a staggering $170 trillion, with $68 trillion still relying on paper-based methods.

However, this paradigm is rapidly shifting as businesses recognize the potential of crypto-powered transactions. Cross-border B2B payments alone are projected to hit $56 trillion by 2030, with blockchain-based transactions set to play a significant role. The adoption of cryptocurrency in B2B payments is already gaining momentum, with 44% of corporations currently utilizing crypto for cross-border transactions. This trend is expected to accelerate as blockchain technology becomes more deeply integrated into payment systems.

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Industry analysts anticipate the global cryptocurrency market to approach $5 billion by 2030, driven by its unparalleled speed, cost-effectiveness, and transparency in B2B transactions.

As a leader in B2B digital payments, PayNation's goal is to identify B2B payment trends to ensure its clients have access to the latest payment technology, which will help businesses access their money more quickly and safely.

Evaluation of existing crypto-payment systems

To address the growing need for crypto payments, we developed this strategic alliance between Blokko and Velocity Transaction to shorten our time to market and proceed with the technology that offers the most value with the least disruption to our clients' existing systems and infrastructure. The solution we selected is secure with fast transaction times. It offers the greatest reach to the largest number of digital wallets. Settlements are rapid and in cash. Businesses never touch crypto, so there are no additional legal requirements.

It is important to PayNation to be forward-thinking in our offerings while respecting our clients' time and talents. The crypto solution we are offering doesn't require knowledge or understanding of blockchain technology. Volatility is mitigated by converting the transaction amount into local currency at the time of payment. With multi-layer authentication and end-to-end data encryption, our clients are ensured security for every transaction.

"The PayNation partnership with Blokko is a game changer for B2B commerce," Gustavo Jiminez, CEO of Blokko, said. "We are pleased to partner with a team that recognizes the revolution of payments in the B2B space globally, and who is taking the lead in rolling out a safe, seamless, scalable crypto and cross-border payment solution today."

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The Crypto-Payment Portal is available now. To learn how to integrate it into your payment solution contact info@paynation.us.

About PayNation

PayNation is a leading Southern California-based payment technology company revolutionizing B2B payment solutions. Specializing in serving Manufacturers, Distributors, Wholesalers, E-Commerce, and SAAS Technology companies, the company offers customized digital and traditional payment processing, proprietary technology, and omnichannel payment acceptance solutions designed to scale with businesses of all sizes. Learn more at www.paynation.us.

About Velocity Transactions

Velocity Transactions (VT) is the sales, marketing and integration partner to the crypto payments solution that is the easiest to integrate and offers the greatest market reach currently available. VT, together with the Blokko technology team, offers a crypto payment solution that works with all major, regulated digital wallets held by over 600 million customers.

About Blokko

Blokko.io is a pioneering fintech technology company focused on revolutionizing payment processing by seamlessly integrating alternative payment methods. Specializing in crypto payments and real-time payment solutions, Blokko empowers businesses to expand their reach and cater to the evolving demands of modern consumers. By providing secure, efficient, and versatile payment infrastructure, Blokko bridges the gap between traditional finance and the innovative landscape of digital transactions, driving financial inclusion and fostering a future of frictionless commerce.