Verifone Partners With BitPay to Support Crypto Payments

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.

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