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Bitcoin Payment Options Goes Active On Verifone For US Merchants

Payments solution firm, Verifone announces a bitcoin payment options for its customers. Particularly, it’s for the on in-store and eCommerce Cloud Services platforms in the United States.

Also, this is due of Verifone’s new partnership with BitPay, the world’s largest provider of Bitcoin payment services.
However, this new payment option feature will become available to U.S. Verifone merchants later this year.

Notably, The company boost with over 600,000 merchants worldwide. Also, It handles over 10.4 billion online and in-store transactions yearly.

Furthermore, this new payment service option will ne for the use of merchants to accept bitcoin. For instance, this is possible even without having an account with BitPay. Additionally, Customers will be using their preferred payment wallet to make purchases and payments.

However, there’s no clear indication that BitPay will enable lightning wallet transactions, or why only certain Bitcoin wallets are approved for transactions.

“The solution supports major wallets like, BRD, Metamask, BitPay, and more,”
Verifone said in a press release.

BitPay’s Verifone payment solution will allow customers to make payments with many alternative cryptocurrencies with those wallets.

“Verifone’s merchant base includes many of the world’s largest and most well-known brands looking to tap into the growing crypto market,”
said Stephen Pair, CEO of BitPay.

Verifone Partnership With BitPay

“This partnership allows these businesses to easily and securely accept crypto payments, and benefit from pent up consumer demand to spend crypto.”
Mike Pulli, The CEO of Verifone talks about the new partnership and investment in BitPay,

“This partnership, solution and investment highlight Verifone’s commitment to enabling revolutionary and meaningful payment experiences for merchants.”

Pulli goes on to conclude,
“Our Advanced Payment Method platform is robust, and this crypto solution with BitPay…”
“…adds tremendous value for Verifone and our customers.”

Also, this news is timely as many other nations are now rushing into the Bitcoin Lightning Network for payments. Thereby, overturning Bitpay’s traditional model. Notably, Its The Lightning Network that’s propelling Bitcoin adoption and usage in El Salvador.

More so, the country’s bitcoin adoption places total Lightning Network capacity up to 1,000 Bitcoin. Ie. nearly 3,000 Bitcoin just in this month.

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.