Bitcoin payments become more important as asset prices rise. With El Salvador turning cryptocurrencies into legal tender, it is only a matter of time before other countries follow in their footsteps.
Make implementing BTC payments important to businesses looking to stay competitive over the long term. Large outlets have started accepting crypto payments.
The latest is AMC Theaters, which have announced that they will be accepting payments in various cryptocurrencies by the end of the year. This will allow viewers to pay for their tickets and concessions using Bitcoin, Ethereum, Litecoin, and Bitcoin Cash, with Dogecoin currently in the works.
The technology company Verifone is now joining the ranks of institutions that accept BTC payments. Related reading | JPMorgan’s CEO doesn’t care if Bitcoin will grow ten fold in five years Bringing Bitcoin payments to the fore Thanks to a recently signed partnership, Verifone now offers Bitcoin payments to thousands of merchants in the United States.
The company known for manufacturing payment processing technology is now offering its users a new solution. Verifone is one of the largest providers of credit card readers in the world. Building on its already established notoriety, it now enables merchants to use its payment technology to accept payments in cryptocurrencies.
BTC price drops to $ 41,000 | Source: BTCUSD on TradingView.com Verifone has partnered with Bitpay for merchants who want to accept Bitcoin payments. Bitpay will alleviate volatility issues by sending BTC payments via fiat currency directly to merchant accounts.
This means that when a user pays for a good or service with Bitcoin, the corresponding amount of Bitcoin is automatically deposited into the merchant’s bank account.
BitPay is one of the world’s leading crypto payment processors, and with over 30,000 Bitcoin transactions processed per month, it puts you in a prime position to help Verifone bring this service to the public. Buy and pay however you want The ability to spend bitcoins has been an issue for the industry from day one.
Because of this, the digital currency has primarily been demoted to the status of a fixed asset rather than being used as the real world currency. However, its growing popularity with users has resulted in companies starting to consider and accept BTC payments for the goods and services they offer.
Related reading | Over $ 5 billion in Bitcoin and Ethereum moved out of cold wallets amid China’s crackdown Verifone strives to make Bitcoin transactions easier and more transparent.
Verifone CEO Mike Pulli said the company has generated great interest in its latest offering. Explain that the company already has a backlog of merchants interested in implementing BTC payments. “The interest is great, very great.
I think our phones will ring all the time, ”said Sweater. Although the company has yet to reveal which merchants will accept BTC payments, Pulli stated that the partnership was formed with the aim of giving consumers more choice.
“If you decide to buy pizza with Visa or AmEx or crypto, we don’t care. We just want to give them the option to pay as they see fit, ”the CEO said in an interview.