Advertise
CoinTrust
BTC
ETH
BCH
SOL
DOGE
SHIB
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos
No Result
View All Result
CoinTrust
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos
No Result
View All Result
CoinTrust
No Result
View All Result

Home » Verifone Partners with BitPay to Enable Crypto Acceptance at Vendors & E-Commerce Platforms

Verifone Partners with BitPay to Enable Crypto Acceptance at Vendors & E-Commerce Platforms

Kelly Cromley by Kelly Cromley
Sep 28, 2021
in Market News, News
Reading Time: 3 mins read
0

Consumer cryptocurrency payments will now be supported on Verifone’s in-store and eCommerce Cloud Services platforms in the United States, thanks to a new partnership between BitPay, the world’s largest bitcoin and cryptocurrency payment service provider, and Verifone, a global FinTech leader and payment solution provider to the world’s largest retail brands.

It’s a novel solution that protects businesses from the volatility of cryptocurrency markets while allowing them to expand their client base and encourage crypto adoption. The remedy will be implemented by merchants later this year.

As one of the first bitcoin businesses to be established, BitPay will be celebrating its 10th anniversary this year. One of the company’s goals is to change the way companies and individuals transfer money to one another, receive it, and store it.

Payment processing costs are reduced, fraud is eliminated, and borderless cryptocurrency payments are made possible thanks to its business solutions. Customers may use BitPay’s wallet and prepaid card to convert digital assets into cash that can be spent at tens of thousands of merchants. BitPay provides a comprehensive digital asset management solution for customers.

North American, European, and South American branches of the business have received more than $70 million in financing from prominent investment companies such as Founders Fund, Index Ventures, Virgin Group and Aquiline Growth Technology. As a FinTech pioneer, Verifone offers essential payment and commerce solutions from end to end to the world’s best-known retail brands and financial institutions, as well as directly to over 600,000 small and midsized business owners.

Customers will find it simple to use and businesses will have no trouble implementing it since it is simple to understand. Instead of using BitPay, merchants would be able to accept crypto payments directly through Verifone. Customers will be able to pay using authorized crypto wallets without any hassle. With over 100 million crypto wallets in use worldwide, customers will benefit from this simple, one-step transactional approach by making a direct purchase with their cryptocurrency using their chosen native wallet.

Using this solution, you may make purchases with a wide range of cryptocurrencies, including Bitcoin, Ether, Dogecoin, Bitcoin Cash, Litecoin, and 5 USD-pegged stablecoins, using wallets like Blockchain.com, BRD, Metamask, and BitPay, among others (GUSD, USDC, USDP, DAI, and BUSD).

Customers will use a Verifone device to choose their chosen crypto wallet at checkout and then scan a QR code on the screen with their wallet to complete the transaction. BitPay will notify the retailer through the in-store terminal when the crypto monies have been received. In conventional currency (e.g., USD), funds will be sent to the merchant’s bank account as soon as they are received through Verifone.

Stephen Pair, co-founder and CEO of BitPay, stated, “Verifone’s merchant base comprises many of the world’s biggest and most well-known companies seeking to get into the burgeoning crypto industry.” Businesses may profit from pent-up demand for cryptocurrency by spending it via this collaboration, which makes accepting crypto payments simple and safe.

Cryptocurrency owners want to spend their digital currency since the total market value is $2 trillion. Jeremy Belostock, Verifone’s head of APMs, stated, “Our merchant base is busy enabling many new advanced payment methods (APMs) and the demand for crypto payments has skyrocketed this year.”

Customers may expect a smooth payment experience since there is no volatility or fraud chargeback risk, and the installation expenses are minimal. Verifone will be able to make a strategic investment in BitPay as a result of the collaboration. Verifone CEO Mike Pulli said, “This collaboration, solution, and investment demonstrate Verifone’s commitment to providing innovative and impactful payment experiences for businesses.”

Because of the robustness of our Advanced Payment Method platform, BitPay’s crypto solution provides enormous value for Verifone and our clients alike. To begin accepting bitcoin payments in-store and online, current Verifone businesses must contact their Verifone sales agent. A Verifone Engage or Android smartphone linked to Verifone Cloud Services is required for the solution.

Previous Post

Peruvian Stablecoin Released on Stellar Blockchain

Next Post

Chinese Officials Seize 10,000+ Ethereum Mining Equipment In Inner Mongolia

Related Posts

paypal-unveils-pyusd-stablecoin-on-stellar-blockchain

PayPal Expands PYUSD Stablecoin to Stellar Blockchain

by Kelly Cromley
Jun 17, 2025
0

PayPal Holdings, Inc. has taken a significant step toward strengthening its presence in the blockchain space by expanding its PYUSD...

aethir-and-project-zero-partner-to advance-ai-native-web3

Aethir and Project Zero Forge Future of AI-Native Web3

by Kelly Cromley
Jun 17, 2025
0

Aethir and Project Zero have entered into a forward-thinking partnership that aims to redefine the convergence of blockchain technology and...

agii-unveils-secure-logic-shards

AGII Unveils Secure Logic Shards to Reinvent Smart Contracts

by Kelly Cromley
Jun 17, 2025
0

AGII has introduced a transformative technology called Secure Logic Shards, aiming to redefine smart contract execution in the Web3 landscape....

World’s First Spot XRP ETF Crashes 20% on Launch Day

World’s First Spot XRP ETF Crashes 20% on Launch Day

by Mostafijur Rahman
Jun 16, 2025
0

In a dramatic twist that caught both institutional and retail investors off guard, the world’s first spot XRP ETF crashed...

AEON partner with Bybit

Bybit Integrates AEON to Power Seamless Web3 Payments

by Kelly Cromley
Jun 16, 2025
0

AEON, a next-generation cryptocurrency payment infrastructure provider, has joined forces with global crypto exchange Bybit to deliver streamlined Web3 mobile...

daGama announces partnership with Stability World AI

daGama and Stability World AI Join Forces to Advance Web3 AI Tools

by Kelly Cromley
Jun 16, 2025
0

Web3-focused platform daGama has unveiled a strategic alliance with Stability World AI, an artificial intelligence firm built on BNB Chain....

Next Post
Chinese Officials Seize 10,000+ Ethereum Mining Equipment In Inner Mongolia

Chinese Officials Seize 10,000+ Ethereum Mining Equipment In Inner Mongolia

  • blackrock invests in colle web3

    COLLE: Pioneering AI Web3 Platform Receives Investment Boost from BlackRock

    by Kelly Cromley
    May 13, 2024
  • Router Protocol and OpenWorldSwap Partnership to Revolutionize DEX Market

    by Kelly Cromley
    Aug 6, 2024
  • Central Bank of Saudi Arabia Teams Up with Ripple to Transform Cross-Border Settlements

    by Kelly Cromley
    Aug 17, 2023
  • GameStop’s Digital Transformation: Embracing Blockchain and NFTs

    by Kelly Cromley
    Feb 2, 2025
  • Blockchain Based Sports Platform SportsMint Unveiled

    by Kelly Cromley
    Apr 30, 2024

Recent News

paypal-unveils-pyusd-stablecoin-on-stellar-blockchain
Market News

PayPal Expands PYUSD Stablecoin to Stellar Blockchain

by Kelly Cromley
Jun 17, 2025
aethir-and-project-zero-partner-to advance-ai-native-web3
Market News

Aethir and Project Zero Forge Future of AI-Native Web3

by Kelly Cromley
Jun 17, 2025
agii-unveils-secure-logic-shards
Market News

AGII Unveils Secure Logic Shards to Reinvent Smart Contracts

by Kelly Cromley
Jun 17, 2025
AEON partner with Bybit
Market News

Bybit Integrates AEON to Power Seamless Web3 Payments

by Kelly Cromley
Jun 16, 2025
daGama announces partnership with Stability World AI
Market News

daGama and Stability World AI Join Forces to Advance Web3 AI Tools

by Kelly Cromley
Jun 16, 2025

Categories

  • Altcoin News
  • Analysis News
  • Binance Coin News
  • Bitcoin News
  • Blockchain
  • Blog
  • Cardano News
  • ETF
  • Ethereum News
  • ICO News
  • Legislation News
  • Market Forecasts
  • Market News
  • News
  • Ripple
  • Ripple News
  • Solana News
  • Tether News
  • XRP
Trustpilot

Cointrust

  • About Us
  • Contact Us
  • Correction Request
  • Our Team

Legal

  • Disclaimer
  • Terms & Conditions
  • Privacy Policy
  • Cookie Policy

Popular

  • ICO Listings
  • Knowledge Base
  • All about Mining
  • Cryptocurrency Exchanges
  • How and Where to buy Cryptocurrency

Sitemap

  • News section
  • Sitemap
  • XML Sitemap

© 2024 CoinTrust.com.

CoinTrustCoinTrust

* DISCLAIMER: All information provided in CoinTrust is merely for informational purposes, we are not an investment advisor and not affiliated with any companies or ICO/Cryptocurrency Projects. To use this website you must accept our cookie policy, Disclaimer and Privacy Policies.

No Result
View All Result
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos

© 2024 CoinTrust.com.

We use cookies to ensure that we give you the best experience on our website.
If you continue to use this site you agree to allow us to use cookies, in accordance with our Cookie Policy.
I Agree