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Business

Verifone Partners With BitPay to Support Crypto Payments

Rollout will commence later this year across Verifone’s merchant network in the U.S.

By Jamie Crawley
AccessTimeIconSep 28, 2021 at 1:35 p.m. UTC
Updated Sep 28, 2021 at 2:09 p.m. UTC
(Shutterstock)

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Jamie Crawley is a CoinDesk news reporter based in London.

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Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.
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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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Jamie Crawley

Jamie Crawley is a CoinDesk news reporter based in London.

Learn more about Consensus 2023, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.

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Jamie Crawley

Jamie Crawley is a CoinDesk news reporter based in London.

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