Global digital banking company, PDX Global, is set to initiate a live trial of PDX Beam, a platform designed to convert a multitude of cryptocurrencies into fiat quickly and facilitate cash transactions in mere seconds.

PDX Beam aims to become the pioneering end-to-end payment transaction system and crypto-to-cash payments platform for both merchants and consumers. The developer, PDX Global, has recently completed an extensive round of testing for the application and has announced its readiness for a public beta launch on December 19.

As stated in a press release obtained by crypto.news, PDX Beam provides users with immediate crypto-to-cash settlements via its blockchain-based platform, eliminating the need for conventional intermediaries like banks and credit cards. Once the application is publicly available, users can sidestep banking fees and delays by utilizing PDX Beam for rapid conversion of crypto into cash within seconds.

Users can easily register for PDX Beam and connect their secure wallet. To execute crypto payments in stores or online, the app will convert the user’s cryptocurrency holdings into local currency after deducting the necessary gas fees for network usage on the relevant blockchain. The complimentary app assures that users do not need a “special exchange account” to complete a transaction.

Conversely, merchants will be able to accept cryptocurrency from customers without needing a crypto account or even dealing with the cryptocurrency aspect of the transaction. This is because PDX Beam integrates seamlessly with point-of-sale systems and business applications. The app is also preparing to support physical and online transactions for marketplace platforms such as Clover and Shopify.

By connecting crypto with traditional currencies, the platform enhances the potential for cryptocurrencies to be used as a method of payment for everyday transactions.

After five years of development, the latest testing outcomes showed that the app could execute live end-to-end payment transactions without any issues in 30 seconds or less. The team anticipates that the platform will achieve transaction completions within 15 seconds or less by the software’s official launch.

The CEO of PDX Global, Shane Rodgers, remarked that many merchants still think they must invest significantly in crypto payment systems to start accepting cryptocurrencies from their customers. With PDX Beam, merchants can seamlessly integrate the app into their systems using any POS terminal with an API or custom QR code scanning, all without incurring extra costs for accepting crypto payments.

“Transactions can be settled either via same-day ACH [Automated Clearing House] or real-time instant settlement at the merchant’s discretion, significantly lowering fees compared to traditional debit or credit card transactions,” said Rodgers.

A recent survey conducted by Deloitte revealed that around 85% of merchants in the US anticipate cryptocurrencies will be utilized for everyday payments in the coming years. By 2022, approximately 2,352 businesses in the US had already begun accepting Bitcoin (BTC) as a payment method.