Snapcard Launches MassPay: First Partner is Tango Card Rewards Platform

SAN FRANCISCO, June 23, 2015 /PRNewswire/ -- Snapcard, a leading payment processor and bitcoin wallet, launches MassPay, an enterprise-level cross-border payout solution built on top of the blockchain network. Snapcard's MassPay API instantly and programmatically allows merchants to send mass payments to a phone number or e-mail address without taking on any exchange rate volatility risk. By using bitcoin as-a-rails, the recipient is able to instantly receive funds and has the option to withdrawal funds to over 15 local currencies for less than 0.25%.

Snapcard launches MassPay with Tango Card, the largest rewards-as-a-service platform in the world. Through this integration, Tango Card is now able to provide Bitcoin as a reward to hundreds of their rewards partners.

"It's really exciting leveraging the blockchain to increase efficiencies in areas that need it," stated Snapcard CEO Michael Dunworth, "and as such we are thrilled to make bitcoin available through the Tango Card rewards API. Tango Card was able to use our new MassPay API to allow their users to receive Bitcoin Rewards at an e-mail address, phone number, or a bitcoin address, all without taking on any of the currency risk. We saw the opportunity for MassPay when we noticed partners being unable to payout customers efficiently."

Snapcard MassPay users are able to trigger payments in real-time and payout as small as a fraction of a cent, to as large of a transaction as the user might need. MassPay users are able to store local currencies on the platform (USD, AUS, CAD, EUR) and automatically disperse payouts with a single API call.

"MassPay is perfect for ad networks looking to payout their publishers instantly without having to pay exorbitant fees," Michael continues. "Digital content companies are now able to streamline their payouts to all of their freelancers, artists and designers all with a simple API call. Additionally, we've been working closely with a lot of game developers to make sure the MassPay API will plug in nicely to their gaming ecosystems."

Instantly sending and disbursing payouts and funds is now available to over 200 countries. Withdrawing to local currency is available in over 26 countries, with more than 90 countries being added by the beginning of 2016.

To learn more about Snapcard's MassPay API please go to https://www.snapcard.io/masspay.

To learn more about Tango Card's Rewards as a Service API, click here.

About Snapcard Inc.

Snapcard offers a suite of products and services which are designed to make it easy for the average consumer and business to use Bitcoin and alternative decentralized digital currencies. Founded in 2013, Snapcard is focused on bringing liquidity to the digital currency community. Snapcard's MassPay API is an easy to integrate, enterprise-level API that allows users to send funds to anybody all over the world without taking on any volatility or risk, and for a fraction of the cost. Snapcard is headquartered in San Francisco, California with offices in Australia and Canada.

SOURCE Snapcard