Global blockchain payments provider BitPay announced on Tuesday it has teamed up with open commerce platform Point to integrate its bitcoin and cryptocurrency payments with Poynt’s Smart Terminal point-of-sale devices. The duo reported that with just the scan of a QR code at checkout, consumers may now pay merchants using Poynt’s devices with the currency of their choice, including Bitcoin, Bitcoin Cash, Ethereum, and three dollar-pegged stablecoins. It was also revealed:
“BitPay’s blockchain payment rails integrate seamlessly with Poynt’s smart terminals to make the checkout experience quicker, easier and more secure than paying with legacy methods like credit cards or cash.”
Speaking about the partnership, BitPay CEO and Co-Founder Stephen Pair stated:
“We’re thrilled to team up with Poynt, who’s proven to be a real driver of point of sale innovation. 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 Founder and CEO Osama Bedier, added:
“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. BitPay pioneered blockchain payments and without question they were the company we trusted to bring us into the next generation of payments.”