Verifone’s merchants can accept cryptocurrency payments

  • BitPay has collaborated with Verifone to provide crypto payments solution
  • The latest coalition will allow Verifone’s 600k merchants to accept cryptocurrency
  • US consumer can also purchase mainstreet brands without converting crypto to fiat currency

BitPay is a United States based cryptocurrency payments service provider. BitPay’s blockchain payment technology will now allow Verifone’s 46 million consumers to accept digital currency. Indeed, the blockchain platform has partnered with Verifone, a point of sale services provider. Notably, the coalition will enable Ethereum payments on Verifone’s in store and eCommerce Cloud Services platforms across the US. Moreover, merchants will also be able to accept cryptocurrencies directly from Verifone with the requirement for any account on BitPay’s platform.

BitPay enables seamless crypto transaction

The latest partnership between BitPay and Verifone, will allow consumers across the US to be able to seamlessly pay cryptocurrency transactions. Such transactions will be made using an approved crypto wallet. It is also noteworthy that the solution supports wallets like Blockchain.com, BRD, and the leading MetaMask wallet. Simultaneously, in the current scenario Verifone merchants will be able to accept more than 11 different crypto assets. These digital assets include Bitcoin, Ethereum, Dogecoin, Bitcoin Cash, wrapped Litecoin, Litecoin, and five US dollar pegged assets. Notably, such fiat pegged stablecoins include GUSD, PAX, USDC, DAI, BUSD.

Purchase mainstreet brands with crypto

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The users will not have to convert their funds in fiat to spend it on everything including groceries, appliances, furniture, travel, financial services and more. Currently, Verifone has a bigger user base of more than 60% of the United States market. Specifically, about 600k merchants are using Verifone’s point of sale solution. With the latest partnership, consumers across the United States can also purchase mainstreet brands like American Eagle outfitters, Champs sports, Foot Locker, Taco Bell, Tuesday Morning, and many more. It is only p[ossible as all of these stores use Verifone’s point of sale solution with crypto assets.

How will the users pay digital currencies?

At checkout, the users of Verifone will be allowed to choose their preferred cryptocurrency wallet on a Verifone device. Likewise, the users can also scan an on-screen QR code, to complete their cryptocurrency payments. However, there still is time, as the eCommerce hub will begin introducing the cryptocurrency solution later this year. Still, consumers should stay tuned for what merchants will begin accepting cryptocurrency payments.

Source: Verifone’s merchants can accept cryptocurrency payments

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