WCT Pay Repositions as a Cryptocurrency Payment Solution

BRISBANE, Australia - Aug. 18, 2024 - PRLog -- WCT Pay's evolution is being driven by Bruce Parker, a respected payments industry veteran with over three decades of experience. Parker's journey began in 1999 when he co-founded QSI Payments Inc., a pioneering company in the field of switching technology for banks and financial intermediaries. Under his leadership, QSI Payments expanded across Europe, USA, Canada, Hong Kong, Singapore, and Australia, becoming a key player in the global payments landscape. The company's success caught the attention of MasterCard, which eventually acquired QSI Payments.

Following the success of QSI Payments, Parker established iPayOptions in 2003. This self-funded company focused on serving the electronic payments industry by developing advanced software platforms, including internet payment gateways, batch payment management systems, and white-labelled eWallet solutions for card and payment management. Under Parker's guidance, iPayOptions grew to manage and process over $350 million USD per month in payment transactions, with monthly payouts reaching up to $600 million USD.

In 2015, Parker co-founded PAYONYX, a company that leveraged the technological advancements of iPayOptions to provide banks, program managers, processors, and foreign currency companies with state-of-the-art tools to accelerate, enhance, and deploy successful payments programs. The PAYONYX platform empowered banks to offer multi-currency services seamlessly integrated with their existing products.

"The payments landscape is undergoing a seismic shift, with cryptocurrency, particularly stablecoins, leading the charge," said Parker. "At WCT Pay, we're not just adapting to these changes; we're driving them. Our mission is to offer businesses across the globe, the ability to accept cryptocurrency payments for their goods and services.

WCT Pay's platform is designed to meet the needs of modern businesses, offering seamless integration, customisable payouts, and instant conversion from crypto to fiat. The platform supports several major cryptocurrencies across multiple networks and provides settlement in three fiat currencies. Businesses using WCT Pay can benefit from lower transaction fees, faster settlements, and the elimination of chargebacks, all while maintaining robust security and compliance standards.

The company's repositioning comes at a time of rapid growth and expansion. Having already established a strong presence in the APAC region, WCT Pay - https://wctpay.com - is now setting its sights on Europe, where it is securing the regulatory approvals to further extend its global reach. Parker continues to bring together a team of industry experts to drive the company's growth and innovation.

"The future of payments is here, and it's digital," Parker stated. "With WCT Pay, businesses can tap into a global market of over 500 million cryptocurrency users, offering their customers the convenience and security of crypto payments."