Bitpay and Verifone’s new partnership could pave the way for crypto payments in the US

The partnership between Bitpay and Verifone will allow merchants in the US to accept crypto payments, facilitating a range of tokens later this year, according to a statement by the companies on Tuesday.

This is the latest partnership between the crypto payment processor BitPay and Verifone, one of the world’s largest credit card machine providers, providing the ultimate in everyday coin payments.

Bitpay and Verifone are working together to accept crypto payments for US merchants

While the crypto industry is constantly working to extend decentralization to everyday transactions, retailers remain concerned about the price volatility of digital assets. When the El Salvador government made Bitcoin legal tender, there was still no guarantee of favorable liquidity, which sparked anti-crypto protests. However, BitPay claims that it offers protection against price volatility and liquidity issues as funds are transferred to the merchant’s bank account in traditional currency immediately after the transaction is completed.

“We have always felt that it is only a matter of time before people expect to be able to pay with crypto when they pay with Mastercard and Visa … This development will accelerate that. Consumers will only expect it to be an option. “BitPay CEO Stephen Pair said in an interview, according to Bloomberg.

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