Bitcoin, the digital currency that took the world by storm in 2009 has now launched BitPay Checkout, for in-store payments. Bitcoin is an online software based payment system, that allows the virtual currency to act as payments without a central repository. BitPay is the single largest global bitcoin payment service that provides checkout services to companies willing to accept Bitcoins. It currently provides payment processing services for over 44000 businesses, and processes over $1 million dollars worth of bitcoin transactions every day.
The latest sales app, BitPay Checkout, will now be available in 40 languages and allow for multi-employee checkout, tipping and tip reporting. It will also support a one tap payment feature. As TechCrunch reports, Co-Founder of BitPay Tony Gallippi believes, “For retailers, accepting mobile payments is a growing trend, but none of today’s industry offerings can provide a lower risk or lower cost than swiping a credit card. Accepting bitcoin can offer tremendous savings to merchants, especially merchants with a large international customer base, and BitPay’s service combined with the new mobile app is a fantastic value for merchants.”
In fact, it’s does seem to be the consensus that one tap checkout will have an advantageous role in the future of shopping. The risk of fraud from credit card swiping will no longer play a role, as transactions digitialize. Already throughout Europe, most of the payment processes occur from bank account to merchant. BitPay has the advantage of playing a global role that doesn’t face the normal security or fraud blocks. Therefore, banks and merchants alike will find a cheaper and faster transaction.
The app is currently available for Android but will soon be available for iOS.
The Best 9 Devices from CES 2017
What You Should Know About CES 2017 So Far
The Best Lightning Headphones for iPhone 7
How To Make The Best of VR/AR In The Next 5 Years?
The Electric Skateboard That Will Make You Sell Your Car
Fashion Meets Tech In Milan’s Design Week In The Best Way
What Are The Big Consumer Electronic Events This Spring?
Is Your Device Susceptible To The OS Problem?
13 Star Wars Tech Facts
Bitcoin Myth Debunked
Should investors back Asian companies to win the driverless car race?
Major tech trends and highlights from this year’s Mobile World Congress
Samsung Galaxy S9 and Galaxy S9 Plus: First Impressions and New Features
14 Cool Tech Gifts for Valentine’s Day