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Bitpay launches low-risk bitcoin POS app

November.05.2014 0 Comments

bitcoinBitcoin payment processor Bitpay has launched a new point-of-sale (POS) app, Bitcoin Checkout, which greatly improves the bitcoin checkout experience for retail merchants.

The app is available in 40 languages and also includes new features designed for service businesses, including multi-employee checkout, tipping, and tip reporting. BitPay’s Bitcoin Checkout app is available for tablets and phones on Android and soon on iOS.

One of the more exciting features of the app is one tap payments enabled by NFC, which is currently available on Android. By using NFC, a shopper can simply place their phone near the merchant’s POS tablet to receive the secure bitcoin payment instructions, which is a more seamless experience than scanning a QR code. Both NFC and QR codes support the bitcoin payment protocol, so the shopper’s bitcoin wallet can verify the authenticity of the payment request before sending the payment.

“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,” said Tony Gallippi, Co-Founder and Executive Chairman of BitPay. “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.”

The app will offer all of the functionality of BitPay’s service, including next-day bank settlements, zero volatility risk, and Quickbooks import to report and reconcile bitcoin sales with ease.
BitPay is debuting the new app with one-tap payments at Money2020 this week in Las Vegas