The Rise of Point of Sale Cryptocurrency Systems

During the past month, amidst the usual bombardment of cryptocurrency and blockchain-related stories, something caught this author’s tired eyes. In the space of two weeks, four articles related to cryptocurrency point of sale (PoS) systems cropped up across the industry’s media outlets. For cryptocurrency fanboys, who often resemble vegans in their unceasing ability to make themselves unlikable, cryptocurrency PoS systems will be old news. But though the technology may have been around, at least in cryptocurrency terms, for a while, it remains – globally – largely unused.

That could be about to change due to a confluence of factors. Even taking into account the recent plummet in bitcoin’s value, the cryptocurrency market is much less volatile than it was 12 months ago. That makes payments a more viable option for both payment service providers (PSPs) and merchants. At the same time, cryptocurrency is now something most people are familiar with. True they may not hold any,…