The American fintech company Verifone will enable crypto payment options for customers thanks to a new partnership with the BTC payment service provider BitPay and will be available this year as it will initially be introduced.
According to a recent press release, the solution will enable customers to use crypto payments on Verifone’s e-commerce cloud service platforms and in stores across the United States.
The offering will allow merchants to expand their customer base and drive digital asset adoption, eliminating the need to open an account with BitPay as crypto payments are made directly from Verifone. . These offerings will include the six largest cryptocurrencies by market capitalization along with five USD-linked stablecoins and these are BTC, ETH, BCH, WBTC, DOGE, LTC, USDC, GUSD, ISDP, BUSD and DAI. Consumers will use the new service, but will have to select their preferred crypto wallet such as BitPay, BTD, Metamask or Blockchain.Com on a Verifone device and scan a QR code on the screen with dozens of payments.
Stephen Pair as BitPay’s Co-Founder and CEO commented that Verifone’s merchant base includes prominent brands that are grown by participating in crypto trends. Jeremy Belostcok, head of APM at Verifone, noted that the appetite for crypto payments exploded over the year, adding:
“Together, we’ve addressed all of the potential challenges retailers face: no risk of chargebacks due to fraud or volatility, low implementation costs, and consumers will find a smooth checkout experience.”
Tech giant Apple has informed users that they can spend BTC through Apple Pay and made it clear that the option available through BitPay cards will be added to Apple Wallet. As recently reported, Magnum Real Estate Group is also allowing buyers to purchase three $ 29 floor deals using BTC, and BitPay will now process future crypto transactions. Another great example is the Shop.com e-commerce portal and its partnership with BitPay, which allows customers to complete these purchases using BTC and other altcoins.
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