Place/Date: London, UK - September 6th, 2018 at 11:58 am UTC · 2 min read
Contact: Christopher Martin, Source: $PAC
Domino’s Pizza, GameStop and Caribou Coffee amongst many other household brands will soon be accepting $PAC via the $PAC debit card. There are several other fortune 500 companies already signed up with the CPN network. $PAC along with CPN will be announcing many more well known household brands as new merchants shortly.
CPN is a cryptocurrency payment network, whereby a merchant (eg. GameStop) will be able to accept cryptocurrency and receive cash (USD or Euros) via ACH/SEPA transfer, while the consumer enjoys the convenience of paying with $PAC. CPN is working towards payment Card Industry Data Security Standard (PCI DSS) compliance, which would allow $PAC debit cards to become usable anywhere that traditional bank cards such as VISA and Mastercard can be used. Essentially Everywhere!
The biggest hurdle for merchants accepting digital assets is market volatility. They need to be able to predict expenses, pay employees, pay taxes, and make purchase orders well in advance, so converting crypto to fiat immediately to hedge against losses from market fluctuations is essential. This partnership is the bridge between $PAC and fiat, making it an easy road for merchants to accept $PAC as a regular currency.
Brad Marsh, $PAC CMO commented:
“By design, $PAC was created to be a spendable, transaction-focused digital currency. It features near zero transaction fees and instant cross border transfer speeds. These key features combined with the CPN network will make $PAC a market leader for full scale retailer adoption. This latest partnership proves that $PAC is serious about its commitment to consumer satisfaction and its expanded adoption potential.”
Jeff Manuel, CEO, CPN also stated:
“The integration of such a large restaurant chain is always a challenge and will be incorporated over the next few quarters. We look forward to a long lasting and profitable relationship with the leading pizza restaurant. CPN card holders will soon be buying pizza at Domino’s with their $PAC card and will be enjoying many more benefits in the near future.”
We at $PAC would like to thank CPN for this partnership. Please stay tuned as many more household brand names will soon be accepting $PAC both online and in-store. For further information of this partnership, please check our latest blog post. https://blog.paccoin.net.
$PAC is the successor of PAC coin (PACcoin) via a community rebrand and relaunch.
Disclaimer $PAC is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value, or of any value at all. Token sales are only suitable for individuals with a high risk tolerance. Only participate in a token event with what you can afford to lose.