Crypto payments provider BitPay is teaming up with the point-of-sale service company Poynt to bring Bitcoin, Ethereum and Bitcoin Cash payments to 100,000 retailers around the world.
The partnership will allow consumers to pay merchants in BTC, ETH and BCH, the first, second and fourth-largest cryptocurrencies by market cap, by using a simple scan of a QR code. According to a press release, users can also pay with three stablecoins that are pegged to the US dollar.
The integration of the two technologies is designed to create a seamless checkout experience that’s faster and more secure than traditional payment methods like cash or credit cards.
BitPay CEO Stephen Pair says the partnership will give it a foothold to in-store payments on a large scale.
“It’s a massive growth opportunity for BitPay, and an important milestone in our now nine-year mission to make payments faster, more secure and less expensive for people and businesses.”
However, it appears that the third-largest cryptocurrency by market cap is not part of the new point-of-sale partnership with Poynt.
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