Copy link
Increase text size
Decrease text size
Link copied

BitPay brings cryptocurrency payments to POS terminals via Poynt partnership

Wed, 12 Feb 2020, 09:51 am UTC

Crypto payment processor BitPay is bringing cryptocurrency payments to point-of-sale devices via a partnership with open commerce platform Poynt.

Under the partnership, BitPay’s cryptocurrency payments will be integrated with Poynt’s Smart Terminal POS at over 100,000 Poynt retailers around the world.

Founded in 2013, Poynt aims to transform the ubiquitous payment terminal into a connected, multi-purpose device that runs third-party apps. Towards this goal, it set out to create an open commerce system to connect merchants, resellers and developers with the hardware, software, tools and services to grow their business.

Poynt OS is an open operating system that can power any smart payment terminal worldwide, create a new app economy for merchants and allow developers to write once and distribute everywhere.

“We’re thrilled to team up with Poynt, who’s proven to be a real driver of point of sale innovation,” said Stephen Pair, BitPay CEO and Co-Founder.

Bitpay was founded in 2011 and offers blockchain payment processing services to transform how businesses and people, send, receive and store money.

BitPay’s blockchain payment rails integrate seamlessly with Poynt’s smart terminals for faster checkout and more secure paying experience as compared to legacy methods like credit cards or cash. Also, consumers can now conveniently pay merchants by simply scanning a QR code at checkout via Poynt’s devices with their preferred currency including Bitcoin, Bitcoin Cash and Ethereum, and three dollar-pegged stablecoins.

“It’s a massive growth opportunity for BitPay," Pair said, "and an important milestone in our now nine-year mission to make payments faster, more secure and less expensive for people and businesses.”

Poynt, which is backed by Elavon, Google Ventures, Matrix Partners, National Australia Bank, NYCA Partners, and others, recently surpassed $9 billion in gross payment volume in 12 months.

“Poynt was built on the idea of open commerce. Poynt OS lays the foundation for developers and merchants to collaborate and drive limitless growth. The addition of open-source, decentralized currencies like Bitcoin is a natural fit in our open-commerce environment,” said Osama Bedier, Poynt Founder and CEO.

“BitPay pioneered blockchain payments and without question they were the company we trusted to bring us into the next generation of payments.”

Meanwhile, in December, BitPay launched stablecoin payments for merchants and consumers around the globe with initial support for Circle’s USD (USDC), Gemini Dollar (GUSD) and Paxos Standard Token (PAX).

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
  • Moses
  • 2020.05.04 02:36:12
I am a cryptocurrency trader and i make over 200% daily, If you are interested,i can teach you how to trade and also help you achieve your goal in life with crypto i can turn
$4500 into $35000 in less then four weeks,now that bitcoin has low prices...please note that cryptocurrency trading is bitcoin unlike binary and Forex,bitcoin is traded for altcoins also you can reach to me if you are new to bitcoin and to give you more info and guideline on how to invest smartly, this is opportunity life time knocking on your door inbox me for more me on whatsapp :+12067425358 happy new year to you all .
  • 0
  • ·
  • 0
  • Bitcoin (BTC) $10,781.20 (-1.12%)
  • Ethereum (ETH) $358.53 (-0.57%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $228.71 (-1.26%)
  • Binance Coin (BNB) $28.72 (+7.62%)
  • Bitcoin (BTC) $10,781.20 (-1.12%)
Feb 21, 2020 (Friday)
Paxos launches blockchain-based securities settlement solution with Credit Suisse and Instinet
Brazil to launch new payment system in response to cryptocurrencies
Digital currency exchange Coinbase Pro lists Kyber Network token
Norwegian Air to soon start accepting crypto payments
Swedish central bank begins CBDC pilot with Accenture
Italian soccer team Juventus launches ethereum-based digital collectibles with Sorare
Feb 20, 2020 (Thursday)
Telecom companies complete cross-carrier mobile payments using blockchain
National Stock Exchange of Australia to develop DLT-based digital securities trading platform
South Korean ICO project discontinued, to return $7.5M to token holders
Samsung maintains crypto support in soon-to-launch Galaxy S20
BIS appoints Innovation Hub heads to lead Singapore and Switzerland
Coinbase becomes first crypto company to receive Visa principal membership
Dubai Economy and six banks launch KYC Blockchain Consortium
Crypto Technicals: ETH/USD under downside pressure after 'Bearish Engulfing' pattern
Tim Draper buys $1M worth of Aragon Tokens to create digital courts for DAOs
Renewable energy firm Acciona commits to take CBI’s blockchain-based carbon credits trading platform global
Crypto Technicals: BTC/USD trades below 21-EMA, break below 4H 200 MA (9386) to trigger further downside
Crypto exchange Coinfloor to launch a simplified bitcoin buying service
Indonesia’s customs department joins IBM- Maersk blockchain shipping platform “TradeLens”
Feb 19, 2020 (Wednesday)
Crypto custodian BitGo acquires digital securities startup Harbor
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.