#Bitpay support code#

вЂњTogether we have solved all the potential challenges for merchants: thereвЂ™s no translation risk, low implementation costs, and consumers will find the payment experience very seamless.вЂќ вЂњOur merchant base is busy enabling several new advanced payment methods (APMs), and the appetite for crypto payments has exploded this year,вЂќ said Jeremy Belostock, head of APMs at Verifone.

вЂњThis partnership allows these businesses to easily and securely accept crypto payments, and benefit from pent up consumer demand to spend crypto.вЂќДЄs the market cap for all cryptocurrencies is $2 trillion, holders of the currencies are looking for places to spend their crypto money. вЂњVerifoneвЂ™s merchant base includes many of the worldвЂ™s largest and most well-known brands looking to tap into the growing crypto market,вЂќ said Stephen Pair, co-founder and CEO of BitPay. Funds will be settled promptly into the merchant's bank account in traditional currency (e.g. Once the crypto funds have been verified, the merchant will receive an approval message on the in-store terminal.

#Bitpay support code#

The solution supports major wallets like, BRD, Metamask, BitPay, and more to make purchases in Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), Bitcoin Cash (BCH), Wrapped Bitcoin (WBTC), Litecoin (LTC), and 5 USD-pegged stablecoins (GUSD, USDC, PAX, DAI, and BUSD).ДЄt checkout, consumers will select their preferred crypto wallet on a Verifone device and scan an on-screen QR code using their crypto wallet to complete the transaction. With over 100 million crypto wallets in use globally, consumers will enjoy this straightforward, one-step transactional model using their preferred native wallet to make a direct purchase with their cryptocurrency. The consumer will be able to pay seamlessly using approved crypto wallets. Merchants will be able to accept crypto payments directly from Verifone without the need for an account with BitPay. The solution is easy for merchants to implement and intuitive for consumers. Merchants will begin rolling out the solution later this year. The new solution enables merchants to broaden their customer base and promote crypto acceptance while being protected from the price volatility of the cryptocurrency markets. ATLANTA (September 28, 2021) вЂ“ BitPay, the worldвЂ™s largest provider of bitcoin and cryptocurrency payment services, and Verifone, a global FinTech leader and payment solution provider to the worldвЂ™s largest retail brands, today announced the extension of BitPayвЂ™s blockchain payment technology to enable consumer cryptocurrency payments on VerifoneвЂ™s in-store and eCommerce Cloud Services platforms in the United States.