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Verifone Partners With BitPay to Support Crypto Payments
Rollout will commence later this year across Verifone’s merchant network in the U.S.
Updated May 11, 2023, 5:48 p.m. Published Sep 28, 2021, 1:35 p.m.
Payment technology provider Verifone is to support crypto payments through a partnership with crypto payments provider BitPay.
- Merchants in the U.S using Verifone’s software will be able to offer crypto as a payment option once the system is rolled out later this year, according to an announcement Tuesday.
- BitPay supports wallets such as Blockchain.com and MetaMask to enable purchases in six different cryptos, including bitcoin, ether and dogecoin, and five U.S. dollar-pegged stablecoins including USDC and BUSD.
- Funds will be settled in the merchant’s bank in fiat currency via Verifone once the transaction has been approved by BitPay.
- Verifone provides payment solutions for 600,000 merchants and oversees nearly 10.5 billion online and in-store transactions worth over $440 billion each year.
Read more: Binance Pay Bringing Crypto Payments to Shopify, Others
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