Blockchain

PayBear becomes Savvy, debuts new products

Crypto payment processor, PayBear, has rebranded to Savvy.

The move comes as the venture, which is used by over 3,000 online merchants and has thus far processed $10 million-plus, expands its offering outside of e-commerce and into the consumer market.

Founder of Savvy, Dr. Rolf Hoefer, comments: “We want to make things simple. Deliver on the promise of cryptocurrencies as a superior medium of exchange. Our expansion into the consumer market, together with our commitment to educate users, drove a lot of the thinking behind the rebrand.”

The company is announcing the release of two products: an update to its core merchant API offering, Savvy Merchant. This currently supports Bitcoin, Bitcoin Cash, Bitcoin Gold, Ethereum, Ethereum Classic, Litecoin, Dash, and now Dai and Binance Coin.

It is also releasing Savvy Wallet, which supports 50+ currencies and forms the foundation upon which Savvy will expand its services.

Scott Thompson

Scott has been working in technology and business journalism for nearly 20 years, with a focus on FinTech, retail, payments and disruptive technology. He has been Editor of such titles as FStech, Retail Systems and IBS Journal and also contributed to the likes of Retail Technology Innovation Hub, PaymentEye, bobsguide, Essential Retail, Open Banking Hub, TechHQ and Internet of Business.