Verifone partners with BitPay and will accept crypto

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Point of sale company Verifone has partnered with BitPay, allowing cryptocurrency to be accepted at any retail store that uses Verifone point of sale PIN keypads in the United States.

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When shopping at stores with Verifone point-of-sale devices, crypto users will now be able to select their wallet on the device and scan a QR code using the wallet on their phone, which will allow them to pay with crypto.

The partnership will enable the use of cryptocurrency on in-store ID keyboards as well as on Verifone’s e-commerce cloud service platforms. The system will allow merchants to accept encrypted payments without actually needing an account with BitPay.

All major wallets like metamask and blockchin.com will be supported. Bitcoin, Ethereum, Dogecoin, Bitcoin Cash, Litecoin, five different stablecoins and even Wrapped Bitcoin will be supported for payments.

BitPay co-founder and CEO Stephen Pair said Verifone supports some of the world’s biggest merchant brands and this partnership allows them to tap into the crypto markets.

“Verifone’s merchant base includes many of the world’s largest and most well-known brands looking to tap into the growing crypto market,” said Pair. “This partnership allows these companies to easily and securely accept crypto payments and take advantage of pent-up consumer demand to spend on crypto.”

Verifone CEO Mike Pulli said the partnership with BitPay will add value to Verifone itself as well as to its customers.

“This partnership, solution and investment underscores Verifone’s commitment to delivering revolutionary and meaningful payment experiences to merchants,” Pulli said. “Our advanced payment method platform is robust and this encryption solution with BitPay adds tremendous value to Verifone and our customers. “

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