PoS Smart Terminal is the new device built by Poynt

The payment processing company Bitpay has announced a collaboration with the terminal manufacturer POS Poynt. This partnership will allow 100,000 merchants using Poynt to accept cryptocurrency payments.

“By scanning a QR code when making a payment, consumers can now pay using Poynt devices with the currency of their choice, including Bitcoin, Bitcoin Cash, Ethereum and three stable cryptocurrencies based on the US dollar,”

Bitpay announced in a press release.

The company already processes over $ 1 billion in crypto payments each year. CEO and co-founder of the company, Stephen Pair, is pleased to expand with the new partnership:

“We are excited to partner with Poynt, which has proven to be a true driver of point of sale (POS) innovation. It is a massive growth opportunity for Bitpay and an important step in our mission to make payments faster, safer and less expensive for people and companies. ”

PoS Smart Terminal

Poynt has built the PoS Smart Terminal that works with an application and offers many useful functions:

“The PoS can send receipts by e-mail, cancel transactions and complete the payment at the push of a button.”

The devices have an MSR / chip hybrid reader and support many types of NFC systems, have built-in stereo speaker and microphone. It comes with two cameras, similar to a smartphone and connects to WiFi, with optional features such as LTE / 3G cellular modem support.

Poynt believes that expanding payment options to include cryptocurrencies is simply a natural evolution.

“Poynt was built on the idea of ​​open trade,” said the founder and CEO of the company, Osama Bedier.

“The Poynt operating system lays the groundwork for a collaboration of developers and traders and supports unlimited growth of commerce. The addition of open, decentralized currencies such as Bitcoin is a natural fit in our open trade ecosystem. “