Payments Giant Ingenico Adds Bitcoin Option to POS Terminals
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.
Specifically, Paymium has created an app that is being hosted on the Telium Tetra Marketplace, a payment application suite developed by Ingenico Group solely for its POS terminals. The app allows merchants to accept bitcoin payments and convert them to euros instantly.
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.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.
Learn more about Consensus 2024, 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.