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Author Topic: [2016-01-15]BitPay Enables 27 Million Ingenico Retailers to Accept Bitcoin  (Read 185 times)
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January 22, 2016, 10:04:12 PM

Leading Bitcoin payment processor BitPay has announced their Ingenico Terminal Plugin, allowing enabling thousands of more merchants to accept Bitcoin payments through its point of sale app. In addition, the company explained the growth of Bitcoin throughout 2015 in words anybody can understand.

27 Million More Merchants Can Now Accept Bitcoin

Before Bitcoin can be labelled as a mainstream currency, the focus will have to shift more towards the physical payments industry. E-Commerce and M-Commerce are emerging trends, but a lot of consumers still pay in-store for goods and services. Paying with Bitcoin at a physical location is only possible at select locations.

But BitPay has come up with a new plugin to make Bitcoin payments more mainstream for in-store purchases as well. Any of the 27 million retailers in the world with a Telium-based Ingenico payment terminal can start accepting Bitcoin payments through a separate application, although some older models may have to be upgraded to support this option.

The only requirement for merchants to start accepting Bitcoin payments is the creation of a BitPay account. Setting up such an account is a matter of mere minutes, and once created, the information can be paired to the Ingenico payment terminal immediately. All it takes is scanning the generated QR code to link device and account, and hitting the “Approve” button to get things started.

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