back Back

SurgePays blockchain update enables bitcoin purchases at corner stores

By Edlyn Cardoza

December 22, 2021

  • Bitcoin
  • Digital Currency
  • Digital Wallet

SurgePays, FinTech, Retail C-stores, Bitcoin, Ethereum, Dogecoin, USASurgePays, Inc., has completed the initial development on the newest version of its software platform, which enables a store owner to sell specific cryptocurrencies to customers – with or without a bank account or credit card – at local convenience and neighbourhood stores which are part of the Company’s 8,000-plus retail store network.

SurgePays is a highly innovative FinTech company providing a complete suite of financial services and prepaid products to its rapidly growing base of retail c-stores. The Company plans to release the update in January 2022 and enable stores on its network to offer cash sales of Bitcoin, Ethereum and Dogecoin without using an ATM or other costly and space-consuming equipment. Customers will receive receipts with simple instructions on how to load purchased coins into their digital wallet of choice.

The SurgePays blockchain platform already performs more than 20,000 secure daily transactions of underbanked financial services. SurgePays new feature will allow the store clerk to facilitate the purchase of between $50 to $1,499 of cryptocurrency.

“When I took over as CEO in 2017, I stated that we were building an updated version of our software platform to incorporate blockchain with my mission to be the first company to practically enhance the lives of the underbanked, at the grass roots level in the stores where they shop,” said Brian Cox, chairman and CEO, SurgePays. “We are utilizing the same trusted cultural framework of the community store to be the tech-hub for underbanked neighborhoods.”

This cryptocurrency service represents a robust expansion of the SurgePays FinTech suite of products, providing a competitive advantage catalyst to its recently announced expansion plan utilizing a national sales team.

“Enabling the underbanked population to purchase digital currency is the first step. We expect to launch a version update in Q2 of 2022, that would enable consumers to use cryptocurrency to make purchases at any store on the SurgePays network. This use case will be an extremely exciting differentiator and position SurgePays as a market leader in the underbanked space,” added Cox.

Recently, IBS Intelligence reported that SurgePays, Inc., updated the Emergency Broadband Benefit Program (“EBB Program”) rollout through the Company’s wholly-owned subsidiary, SurgePhone Wireless LLC.

Previous Article

December 22, 2021

Artesian: DueDil announces TechLabs London as its new Microsoft Dynamics integration partner

Read More
Next Article

December 22, 2021

Emirates NBD offers Voice Banking with Alexa in UAE

Read More

IBSi Daily News Analysis

Data privacy

June 19, 2024


EMEA faces $85bn annual financial crime compliance costs, study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

May 08, 2024

Revolut debuts crypto trading platform for professional traders

Read More

April 24, 2024

Network International receives SVF licence from UAE Central Bank

Read More

April 22, 2024

Midas raises $45m to roll out crypto, mutual fund & savings account products

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
Get your copy now! IBSi Sales League Table 2023