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BitPay and Poynt partners to enable POS cryptocurrency payments

Blockchain payment service provider BitPay, has partnered with Poynt, a provider of smart payment terminal and open commerce platform, to offer cryptocurrency payments at merchants’ point-of-sale (POS) terminals. As part of the partnership, BitPay’s Bitcoin and cryptocurrency payments will be integrated with Poynt’s Smart Terminal point-of-sale devices at more than 100,000 Poynt retailers.

“We’re thrilled to team up with Poynt, who’s proven to be a real driver of point of sale innovation. It’s a massive growth opportunity for BitPay and an important milestone in our now nine-year mission to make payments faster, more secure and less expensive for people and businesses,” said Stephen Pair BitPay CEO and Co-Founder.

Poynt’s devices will now enable the consumers to pay merchants by scanning the QR code and paying with the currency of their choice, including Bitcoin, Bitcoin Cash, Ethereum, and three dollar-pegged stablecoins. The company states BitPay’s blockchain payment will make the checkout experience more secure than legacy methods.

“Poynt was built on the idea of open commerce. Poynt OS lays the foundation for developers and merchants to collaborate and drive limitless growth. The addition of open-source, decentralized currencies like Bitcoin is a natural fit in our open-commerce environment. BitPay pioneered blockchain payments and without question they were the company we trusted to bring us into the next generation of payments,” said Osama Bedier Poynt Founder and CEO.

Poynt recently surpassed nine billion dollars in gross payment volume in a twelve-month period. The company is expecting the partnership and the expanded payment options to facilitate further growth.

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