Countries around the world are increasingly exploring the option to legalize cryptocurrencies as payment instruments. With the current regulatory scenario looking promising, the adoption of alternative payment options is set to rise in the near future. Countr POS, a point of sale solutions provider, has recognized the changing trend to enter into a strategic partnership with Coinify, a European blockchain payments and trading service provider.
The partnership announced in a recent press release opens a whole new avenue for Countr, enabling the platform to integrate cryptocurrency payment support on its tablet based point of sale software. At the same time, the new partnership will also enable Coinify to expand its user base and merchant network.
In the release, the Sales Manager at Coinify, Morten Bebe expressed his happiness about its partnership with Countr by saying,
“Coinify is on a mission to spread the use of digital currencies by offering everyone the opportunity to use alternative payment methods and accept blockchain currency payments. I am thrilled to see that with Countr POS we are succeeding in expanding blockchain payments in both online and offline environments,”
The deal between both entities will help one leverage the existing technology built by the another, while the other gets to extend its reach to include the existing user base of its new partner.
Countr claims that the integration of blockchain payments powered by Coinify will help increase the profit margins for the buyers, merchants and the company. It also touches upon the obvious benefits of cryptocurrencies over conventional payments methods, which includes transparency, speed, and security at a fraction of transaction costs.
The POS application platform already has over 3000 merchants using its services across the globe. By next month, they can start accepting cryptocurrencies from their customers, just like credit/debit cards, mobile wallets, and contactless NFC payments.
At the current rate of development, more businesses are expected to enter the fold, making cryptocurrency payments a universal feature across the world.
Ref: Media Release | Image: NewsBTC