Community Question: Is the delay in the Bluecode partnership due to regulatory or compliance issues?

The main challenge for all payment integrations and partnerships Nimiq has pursued, has consistently been the legally compliant conversion from crypto to fiat when merchants prefer settlement in fiat. Over the years, several companies in Europe have offered such services, and Nimiq proactively engaged in discussions and negotiations with most of them. Despite Nimiq’s readiness to commit significant resources, these partners largely focus on high-volume trading clients such as e.g. crypto exchanges, rather than focusing on merchant payments, which naturally limited the alignment of interests in the past.

Nimiq has always prioritized working with those partners most advanced in obtaining the required licenses necessary in order to enable our payment products. Unfortunately, some of these partners were not able to cross the finish line with their ambitious endeavors, which required Nimiq to re-evaluate and restart the search process for new partners multiple times. At present, we are working once again working with new partners who are actively engaged in the practical and technical implementation process of Bluecode into Nimiq Pay.

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I’m sure there’s a reason you can’t name this partner, but could you provide any more information about them at this point in time?

How reliable are these new partners? Do they have the necessary resources to master this? That would really interest me a lot.

@ako @Qatoshinimura

At this stage, we are not yet disclosing the names of the partners involved in the Bluecode project. This is mainly to respect ongoing contractual and technical processes and to avoid creating expectations around third parties before everything is fully in place. Once we reach the appropriate milestone in the rollout and all parties agree, we plan to introduce the partner publicly and explain their role in more detail.

What we can share today is that this is an established trading partner that already works with prominent companies in Europe and is experienced in handling fiat–crypto conversions at scale.

How reliable are these partners and do they have the resources to deliver?

There is no fully objective metric that can guarantee “reliability” in advance, especially in a highly regulated and fast-moving environment like crypto payments. That said, we have been very deliberate in our choice this time:

The partner is well-established in its field and already operates with recognized European clients.

They have the infrastructure and team required to handle the kind of crypto-to-fiat conversion setup needed for Nimiq Pay and Bluecode.

We are already in active, practical implementation work with them, not just exploratory talks.

In other words, while no partnership can be fully risk-free, we believe this collaboration is built on a strong foundation. Once the time is right, and key steps are completed, we will formally present the partner and their role in the Nimiq ecosystem.

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