RATE Group | What BitPay’s in-store crypto payments mean for Bitcoin
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What BitPay’s in-store crypto payments mean for Bitcoin

14 Feb What BitPay’s in-store crypto payments mean for Bitcoin

Posted at 08:00h in Bitcoin News by

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Bitcoin isn’t a particularly good medium of exchange, say its critics—even among cryptocurrencies, it’s difficult to spend on everyday purchases. BitPay’s latest partnership with a point of sale (PoS) provider Poynt aims to fix that. 

The blockchain payments service Bitpay announced on Tuesday a partnership with the open-source commerce platform Poynt, which will allow over 100,000 retailers to accept Bitcoin and cryptocurrency payments.

So what does that mean for the future of Bitcoin—the world’s largest and most popular cryptocurrency by market cap? Big things, according to BitPay CMO Bill Zielke.

“BitPay expects to see more brick and mortar establishments offer Bitcoin and other cryptocurrencies as a method of payment,” Zielke told Decrypt. “Over the next year, BitPay expects to see more global main street businesses adopting cryptocurrency.”

BitPay’s partner on this quest, Poynt, bills itself as an “open operating system” that allows merchants and…

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