Verifone Partners With BitPay to Support Crypto Payments

Verifone Partners With BitPay to Support Crypto Payments

Payment technology provider Verifone is to support crypto payments through a partnership with crypto payments provider Bitpay.

  • Merchants in the U.S using Verifone’s software will be able to offer crypto as a payment option once the solution is rolled out later this year, according to an announcement Tuesday.
  • BitPay supports wallets such as Blockchain.com and Metamask to enable purchases in six different crypto, including BTC, ETH and DOGE, and five USD-pegged stablecoins, including USDC and BUSD.
  • Funds will be settled in the merchant’s bank in fiat currency via Verifone once the transaction has been approved by BitPay.
  • Verifone provides payment solutions for 600,000 merchants and oversees nearly 10.5 billion online and in-store transactions worth over $440 billion each year.

Read more: Binance Pay Bringing Crypto Payments to Shopify, Others

Originally Posted on: https://www.coindesk.com/business/2021/09/28/verifone-partners-with-bitpay-to-support-crypto-payments/
By: Jamie Crawley

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