ForexMinute.com – Popular Bitcoin POS solution provider Coin of Sale recently announced to integrate into cryptocurrency payment platform GoCoin.
The Singapore-based company is aiming to provide their new and existing merchant customers the opportunity to enjoy Bitcoin’s benefits at retail locations by eliminating the volatility-risks associated with the cryptocurrency. The Coin of Sale founder Tomas Forgac elaborated it further in his press statement and said:
“We’re excited to announce our partnership with GoCoin to deliver instant fiat conversions to our growing retailer network. Integrating with GoCoin provides our customers with more flexibility on how they can manage their sales — something we can now offer by being part of the GoCoin digital payment ecosystem.”
“Tomas was driving bitcoin adoption with local retailers before anyone even knew the digital currency,” said Steve Beauregard, founder and CEO of GoCoin, while returning the compliment. “He has a knack for not only spotting market trends, but getting ahead of them, a talent he’s already bringing to our partnership.”
With a solid customer base in 10 countries, including the US, Canada and the UK, Coin of Sale indeed comes handy when it comes to making faster and easier Bitcoin transactions. The merchant just needs to have their official application installed on its Android or iOS-enabled devices, followed by a simple signup that provides them with an Electrum wallet.
Making a transaction using Coin of Sale is as simple as taking the cash out of wallet and pay. Merchants simply enter the amount to be charged, and app automatically generates a QR code for it. The customer scans this code and the payment gets executed. The arrival of GoCoin simply makes sure to convert the received Bitcoins into fiat money, like USD, EUR, etc., and transfer the resulting amount to the merchant’s bank account.
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