Bitcoin payments provider Paymium has partnered with one of the world's largest point-of-sale (POS) solution providers to allow European brick-and-mortar retailers to accept the digital currency.
Michel Léger, EVP global sales and marketing at Ingenico Group, said:
About the companies
Ingenico Group has a commercial presence in more than 125 countries through 80 offices and an extensive network of partners. It boasts 22 million POS terminals installed worldwide and an annual revenue of €1.3bn in 2013.
Paymium notably partnered with online fashion retailer Showroomprive.com to allow it to accept bitcoin payments back in September.
It faces competition in the European market, however. Most significantly, BitPay set up its European HQ in April, in a bid to attract 30,000 merchants in Europe by the end of 2014.
CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk offers all employees above a certain salary threshold, including journalists, stock options in the Bullish group as part of their compensation.