Blockzeit
  • News
    • Business
    • Politics
    • Metaverse
    • NFTs
    • Markets
    • Investing
    • Technology
    • Trends
  • Tools
    • Crypto Charts
    • Crypto Heatmap
  • Education
    • Reviews
    • Guides
    • Bitcoin Price Analysis
  • Crypto Exchanges
No Result
View All Result
  • EnglishEnglish
    • EnglishEnglish
    • DeutschDeutsch
    • PortuguêsPortuguês
Buy Crypto
  • News
    • Business
    • Politics
    • Metaverse
    • NFTs
    • Markets
    • Investing
    • Technology
    • Trends
  • Tools
    • Crypto Charts
    • Crypto Heatmap
  • Education
    • Reviews
    • Guides
    • Bitcoin Price Analysis
  • Crypto Exchanges
No Result
View All Result
Blockzeit
No Result
View All Result
Home Bitcoin News
handshake 5760544 1280 1

handshake 5760544 1280 1

BitPay Partners with Verifone to Take Crypto Payments To The Mainstream

Tom Nyarunda by Tom Nyarunda
September 28, 2021
in Bitcoin News
Reading Time: 2 mins read
0
Share on FacebookShare on TwitterShare on LinkedinShare via WhatsappShare via Email

BitPay and Verfirne partner up to make crypto payments mainstream. This means you could soon be using crypto to purchase groceries, clothes, subscriptions, and avail many other transactions. The new partnership could stretch the appeal of cryptocurrency beyond its speculative frenzy and increase its demand. 

One of the largest point-of-sale providers globally has announced a partnership with BitPay to enable U.S-based merchants to accept cryptocurrency payments. The initiative that will be implemented later this year will see the expansion of BitPay blockchains to cover crypto payments to Verifone in-store cloud services and e-commerce platforms.

The crypto payments are made with native crypto wallets

According to the announcement, the new crypto payments solution will enable merchants to broaden their customer base to customers who prefer to transact business using cryptocurrencies. BitPay CEO Stephen Pair, Verifone CEO Mike Pulli, and Verifone Head of Alternative Payment Models (APMs) Jeremy Belostock said merchants could accept the crypto payments directly from Verifone without setting up an account with BitPay. The crypto payments are made with native crypto wallets. Pulli added: 

“We feel that having crypto available on our terminals will open up more options and opportunities for consumers, which is what Verifone aims to do. This opens up a currency that has never before been seen on a terminal, and we want to be at the forefront of this trend.”

The press release said that three cryptocurrency wallets in the testing phase were in the testing phase, including Blockchain.com, BRD, Metamask, and BitPay. The company added that merchants wouldn’t have to stress themselves with any technological input to enable the crypto payments and the wallets. All that merchants will have to do is download software to their in-store point-of-sale (POS) terminals. The firm said: 

“When a consumer goes to pay at a physical store, they will see the amount due, and the screen will give them the different options for which crypto wallet to use. They will choose a wallet, and a QR-code will surface. They will then scan the QR-code directly from their blockchain wallet and choose the cryptocurrency they want to play with.”

Built on Verifone’s house of alternative payment methods

The initiative by Verifone is in a string of recent developments stretching back a few years. The company decided to join the crypto sphere in 2018 when it acquired an investment group led by Francisco Partner. Since then, the firm has continuously broadened its presence in the cloud, which has enabled a range of developments and several software upgrades. Pulli said of the hardware/software configurations: 

“We built a foundation on the [Verifone] house of alternative payment methods […], and now we are just building rooms on top of the foundation.”

1a49ddd7 d169 48a0 a252 3fc3a2ad01bb 1
Tom Nyarunda

Tom is a freelance writer with over 10-years’ experience in content creation, blog writing, and SEO specializing in the blockchain and cryptocurrency niche. As a philosophical figurehead, he believes that to make our world a better place, we must invest in incorruptible products and procedures, of which Bitcoin and other cryptocurrencies are leading examples.

Tags: BitPayVerifone
Previous Post

Dimon Hands: JPMorgan CEO Slams Bitcoin “Fools”

Next Post

A NFL – Dapper Labs Partnership in the Offing for the NFT Market

Related Posts

Bitcoin Green Bubble

Market Wrap: Bitcoin Struggles To Break $29K As Credit Suisse Bank Edges To The Brink Of Collapse

by Vincent Munene
March 24, 2023
0

Bitcoin, the world's largest cryptocurrency, is facing yet another hurdle in its quest for recovery as it struggles to break...

Silicon Valley Bank alongside Bitcoin Logo

Bitcoin As Safe Haven Due To Financial Turmoil Caused by Bank Collapses

by Edmond Herrera
March 22, 2023
0

Bitcoin has emerged as a safe haven for investors amidst recent financial turmoil caused by the collapse of Silicon Valley...

Bitcoin Soars Up

Market Wrap: Bitcoin Soars Past $25k As Banks Collapse In Europe & The USA

by Vincent Munene
March 17, 2023
0

Bitcoin has once again reached new local heights as it soared past the $25,000 mark, fueled by a pot of...

Load More

Get updates to your inbox!

Subscribe to our mailing list to receive daily updates!

FOLLoW US:

Blockzeit Logo 10 1

Blockzeit was founded in 2021 in Switzerland with the mission of bridging the gap between the complex blockchain technology and the general public. Blockzeit is a news and education platform that aims to make blockchain more accessible and bring more transparency to the scene.

Popular Categories

Categories
  • Bitcoin News
  • Business
  • Education
  • Investing
  • Markets
  • Metaverse
  • NFTs
  • Politics
  • Press Release
  • Switzerland
  • Technology
  • Trends
  • Uncategorized

Important Links

  • Privacy Policy
  • Disclaimer
  • About us
  • Contact us
  • Blockchain Jobs
  • Events

Contact & Social

For guest posts, contact us via info@blockzeit.com

 

Contact: info@blockzeit.com
Press: press@blockzeit.com

Facebook Twitter Linkedin Instagram
  • Home
  • Markets
  • Investing
  • Technology
  • Trends
  • NFTs
  • Education
  • Events
© Copyright by Blockzeit.com. All rights reserved.

Disclaimer

SAVE 20% ON BINANCE FEES

Sign Up Here
No Result
View All Result
  • News
    • Business
    • Politics
    • Metaverse
    • NFTs
    • Markets
    • Investing
    • Technology
    • Trends
  • Tools
    • Crypto Charts
    • Crypto Heatmap
  • Education
    • Reviews
    • Guides
    • Bitcoin Price Analysis
  • Crypto Exchanges
  • DeutschDeutsch
  • PortuguêsPortuguês

© 2021 Blockzeit by Blockzeit.