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

Share your thoughts