Verifone enables retailers to accept cryptocurrencies, says that the dealers' appetite has exploded on crypto payments-
Verifone enables retailers to accept cryptocurrencies, says that the dealers' appetite has exploded on crypto payments-
Verifone, a global payment system provider with 35 million devices in 150 countries, introduces crypto payment support in the USA in cooperation with Bitpay. Verifone's platform processes more than $ 440 billion annually. The company says: "The appetite for crypto payments has exploded this year."
large retailers will soon be able to accept payments in cryptocurrency via verifone
The big provider of payment solutions, Verifone, announced his partnership with Bitpay on Tuesday, "to enable consumer cryptocurrency payments on the in-store and e-commerce-cloud-service platforms of Verifone in the USA."
Verifone offers "End-to-end-end and trade solutions for the most famous retail brands in the world, large financial institutions and directly for more than 600,000 dealers," says his website. The company's global platform is handling more than 10.4 billion online and in-store transactions annually with a total volume of more than $ 440 billion. Around 35 million verifone devices are in operation in more than 150 countries.
The announcement details:
retailers will begin the introduction of the solution this year.
For the payment solution in cryptocurrency, one of the vertical and a new Android series of devices that are connected to the Verifone Cloud is required.
"Dealers can accept crypto payments directly from Verifone without an account with BitPay," added the provider of payment solutions. "Gelder is immediately transferred to the dealer's bank account via Verifone in traditional currency (e.g. USD)." In addition, the Verifone partnership grants the right to make a strategic investment in Bitpay.
retailers can accept the cryptocurrencies supported by Bitpay: Bitcoin ( btc ), ether ( eth ), dogecoin (doge), bitcoin-bargeld ( bch ), packaged Bitcoin (WBTC), litecoin ( ltc ) and 5 USD-bound stablecoins (GUSD, USDC, PAX, DAI and BUSD).
Jeremy Belostock, head of the APMS of Verifone, commented:
Our dealer base is busy enabling several new advanced payment methods (APMS), and the appetite for crypto payments has exploded this year.
He believes that this crypto payment solution "solves and emphasizes all potential challenges for dealers": "There is no translation risk, low implementation costs and consumers will find the payment experience very seamless."
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