PDX Global Launches Live Beta Test for Instant Crypto-to-Cash Payment Platform

PDX Global, a global digital banking firm, is set to conduct a live beta test for its groundbreaking platform, PDX Beam, on December 19. This innovative platform is designed to facilitate seamless crypto-to-cash transactions, enabling conversions of thousands of cryptocurrencies into fiat currency within seconds.

A Revolutionary Payment Solution

PDX Beam is poised to become the first end-to-end crypto-to-cash payment solution for both merchants and consumers. After completing a rigorous round of internal testing, PDX Global announced that the platform is ready for public use through the live beta phase.

According to the company’s press release, PDX Beam enables instant crypto-to-cash settlements directly on a blockchain-based platform. By bypassing traditional intermediaries such as banks and credit card networks, the platform eliminates delays and reduces banking fees.

Once available, users will be able to sign up, connect their secure wallet, and seamlessly convert cryptocurrencies into local currency to make payments in-store or online. The platform eliminates the need for special exchange accounts, offering a simplified and cost-effective solution for crypto payments.

Seamless Integration for Merchants

Merchants can accept crypto payments without owning a cryptocurrency account or engaging directly with the crypto side of the transaction. PDX Beam integrates with point-of-sale (POS) systems and business software, making it compatible with platforms such as Clover and Shopify.

The platform has been optimized to process live payment transactions in 30 seconds or less, with the development team aiming to reduce transaction times to under 15 seconds upon full release. This rapid settlement capability positions PDX Beam as a powerful tool for mainstream crypto adoption.

CEO’s Vision for the Platform

Shane Rodgers, CEO of PDX Global, addressed a common misconception among merchants: the belief that significant investment is required to adopt crypto payment systems. Rodgers emphasized that PDX Beam’s integration process is straightforward, requiring only an API or QR code-enabled POS terminal. Merchants can choose between same-day Automated Clearing House (ACH) settlements or real-time instant settlements, with transaction fees significantly lower than those of traditional debit or credit card systems.

“PDX Beam simplifies crypto payments, offering merchants a seamless and cost-effective way to accept digital assets without the need for additional infrastructure,” Rodgers stated.

Growing Momentum for Crypto Payments

According to a Deloitte survey, 85% of merchants in the U.S. anticipate that cryptocurrencies will be widely used for daily transactions within the next few years. As of 2022, over 2,350 U.S. businesses have already adopted Bitcoin as a payment method.

PDX Beam’s beta test represents a pivotal moment in the evolution of crypto as a viable payment method for everyday transactions. By bridging the gap between cryptocurrencies and traditional financial systems, PDX Global is paving the way for a more inclusive and efficient global payment ecosystem.