BitPay, a bitcoin (EXANTE: Bitcoin) and cryptocurrency payments service, has signed an agreement with Verifone to expand cryptocurrency payments on Verifone's in-store and eCommerce Cloud Services platforms all around the United States. According to a press release seen by iHodl, the integration allows business to accept cryptocurrencies via Blockchain.com, BRD, MetaMask, BitPay.
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At checkout, users could select preferred wallet on a Verifone device and scan an on-screen QR code to complete the transaction. BitPay CEO and Co-Founder, Stephen Pair, believes that the partnership will allow businesses to "easily and securely accept crypto payments, and benefit from pent up consumer demand to spend crypto." BitPay also says the partnership allows Verifone "the right to make a strategic investment in BitPay." The financial side of the deal remains undisclosed.
Earlier in August, BitPay added support for 1inch Network in the BitPay Wallet to open the 1inch DEX aggregation functionality for its users. Pair said then that the integration comes as decentralized finance (DeFi) protocols and dApp's are becoming "popular tools for BitPay's crypto users." With the new addition, the wallet's users can now swap ETH and based on ERC-20 protocol tokens without leaving the application itself.
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