The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
The Daily Hodl
No Result
View All Result

Crypto ‘Cash Register’ Promotes Payments in Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC)

by Daily Hodl Staff
April 7, 2019
in Altcoins

Litecoin promoter Jon Moore tweeted a DIY crypto-friendly sign that he hopes will catch fire with local merchants who pay exorbitant credit card fees. The sign lists several expensive payment options such as American Express, Mastercard, Visa and Discover, followed by a list of cryptocurrencies including Bitcoin, Litecoin and Ethereum. Venmo is below.

Vice president at Nationwide Merchant Solutions, Moore makes a pitch to summer vendors in the Northern hemisphere who sell small-ticket items along the boardwalk and could maximize profits by eliminating expensive credit cards fees.

“Let’s think of any business that’s by the shore, that’s by the beach, maybe that’s by a lake. Boardwalk. I’m thinking Jersey Shore. Right on the boardwalk you could see this sign.”

Let’s get this sign placed all over at businesses this summer!! In this video I explain how easy this method is to Accept #Litecoin #Bitcoin #Ethereum and #Venmo Payments. Summertime businesses typically have lots of small credit card transactions which equal high fees. pic.twitter.com/iHzG5EJCEJ

— Jon Moore BTC/LTC ? (@jonnylitecoin) April 4, 2019

“The coolest thing about it – payment options – not only does it let the customers know that they accept Bitcoin, Litecoin, Ethereum, Venmo, and obviously Apple Pay and credit cards, they can actually send payment right to this sign.”

Typically merchants use cash registers and point-of-sale payment devices to swipe credit cards and accept payments. The crypto “cash register” sign is a merchant’s tablet. It requires the buyer to use their smart phone to scan the displayed QR code of a preferred payment option. The code then sends the merchant’s cryptocurrency wallet address to the buyer – no extra hardware required.

“A lot of people ask me, well Jonny, what happens if they send payment to this sign. Let’s say somebody pays with Litecoin, and they go up and scan this QR code right there. It matches up with that address, they send $50 over. How does the business validate that the payment came in? Well, they just have to generate these QR codes from an app that they have control of.

Most businesses have an iPad or tablet that they have access to that they use for the business. So on that iPad or tablet, they just download a crypto app. They could use Coinbase, LoafWallet, Bread Wallet. Then they download Venmo on there to include Venmo. And just a very easy method shows them these lower cost payment options.

Especially for these businesses that are by the beach, by the shore or on a boardwalk. It’s a lot of small-ticket items, low-transaction dollar amounts. So if you pay with crypto or Venmo, the business is going to save a lot of money because the credit card fees on small transactions are very high. That’s why sometimes we see $10 credit card minimums. Businesses just don’t want payments that cheap. So guys, #paywithlitecoin, #paywithcryptos this summer.”

[the_ad id="42537"] [the_ad id="42536"]
Check Latest News Headlines


 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Submit a Press Release

Industry Announcements

  • Sports Prediction App Pooky Launches Full Version of Its Play-and-Earn Game
    March 23, 2023
  • StormGain Launches StormGain DEX for User-Friendly Decentralized Crypto Trading
    March 23, 2023
  • KyberSwap Announces First-Ever ARB Token Liquidity Pools, Liquidity Mining and Trading Campaigns on Arbitrum
    March 22, 2023
  • Metacade Presale Hits Final Stage Before Listings, Raising Over $500,000 in Under 24 Hours
    March 22, 2023
  • Yesports Launches the Largest Esports Marketplace for Gaming Expansion Into Web3 Alongside 40+ Partners
    March 21, 2023
  • Metatime Raises $11M in Private Funding To Enhance Web 3.0 Ecosystem
    March 21, 2023
  • Coinfest Asia Is Back in 2023 Carrying the Theme of Web 2.5
    March 20, 2023
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$28,354.60
$28,354.60
1.65%
Ethereum
$1,818.79
$1,818.79
2.9%
Cardano
$0.368631
$0.368631
1.69%
XRP
$0.435903
$0.435903
3.88%
Dogecoin
$0.07693
$0.07693
1.16%

Spotlight

  • SkyBridge Capital CEO Anthony Scaramucci Says SEC Should Be Kept in Check With New Pro-Crypto Initiatives
    March 21, 2023
  • BitMEX Outlines Three Scenarios for Crypto This Year, Says Market Recovery a Likely Outcome
    March 22, 2023
  • Legendary Trader Peter Brandt Says Bitcoin (BTC) Likely Targeting New All-Time High – Here’s His Timeline
    March 22, 2023
  • Coinbase Adds Highly Anticipated Ethereum (ETH) Scaling Solution Token to Listing Roadmap
    March 22, 2023
NBX Warsaw Summit Banner
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX •
Futuremash •
Industry Announcements

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2023 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX

© 2023 The Daily Hodl