Dutch cryptocurrency platform Knaken has officially launched its new payment system ‘Settle,’ with Buckaroo becoming the first Payment Service Provider (PSP) in the Netherlands to implement the system. The collaboration was officially announced during the Webwinkel Vakdagen 2024.
Knaken’s ‘Settle’ enables users to make direct payments with over 150 cryptocurrencies, simplifying transactions without the need for a wallet. Buckaroo will facilitate transactions between Settle and merchants, marking a significant shift in the adoption of crypto payments in the Dutch e-commerce sector.
The collaboration addresses the growing demand for online purchases with cryptocurrencies, catering to the 10% of the Dutch population active in the crypto market. Rico Verhoeven, a kickboxing champion and Knaken’s business partner, expressed optimism about embracing challenges and new ideas.
Knaken’s Chief Commercial Officer, Erik Hollander, emphasized the core values of safety and reliability embedded in ‘Settle,’ highlighting Buckaroo’s role as the first PSP client and their shared vision for the future of payments.
Maurits Dekker, Chief Commercial Officer at Buckaroo, acknowledged the impact of facilitating crypto payments for webshops in collaboration with Knaken, ensuring secure and fast transactions for consumers in the Buckaroo checkout.
Buckaroo is a well-known payment service provider offering solutions to corporate organizations and SMEs, while Knaken, a prominent player in the cryptocurrency world, provides a user-friendly platform offering various digital currencies. Knaken has been registered with the Dutch Central Bank (DNB) since 2021.