CoinPayments and Quid POS partner to empower micro-businesses with crypto payments

By Pavithra R

CoinPayments, a cryptocurrency payment solution provider, has announced strategic product integration with Quid POS, a developer of innovative point-of-sale (POS) merchant solutions for small businesses.

Through the integration, Quid POS merchants can now accept in-store crypto payments, providing financial access to smaller businesses.

Founded in 2013, CoinPayments is a digital currency payment solution allowing merchants to accept Bitcoin and over 1700 altcoins in their store through easy to use plugins, APIs and POS interfaces. Its gateway makes crypto payments accessible for everyone, and is currently serving over 70,000 merchants globally. The Quid POS integration further expands CoinPayments’ reach into the micro-business sector, helping businesses of all sizes stay ahead of the digital payments curve.

“For smaller businesses, which have historically relied heavily on cash, missing out on a sale because they cannot accept other methods of payments can be damaging. We aim to empower merchants and customers to have the freedom of choice to pay any way, without risk. The strategic integration with CoinPayments opens a gateway to the future of digital payments for owner-operated businesses, who would otherwise struggle to enter the world of crypto. And the timing couldn’t be more important, as those hardest hit by the pandemic are seeking new ways to secure sales,” said Sheryl Carr, Co-founder & CEO for Quid POS.

Quid POS has been built around a merchant-focused philosophy, informed by interests in micro grassroots projects and social entrepreneurship, finding smart ways to transform the future of POS for independent shop owners.

“CoinPayments’ POS interface is the easiest way for merchants to accept crypto as a form of payment, and aligns perfectly with Quid POS’ mission to streamline in-store payments for small businesses often underserved by fintech solutions. Through our integration, more micro-businesses can join our merchant community to benefit from accepting crypto payments and tap into a new, tech-savvy customer base,” said Jason Butcher, CEO of CoinPayments.