BitPay and Ingenico Unveil Bitcoin POS Solution

October 7, 2024         By: Melanie Macinas

Digital currencies are mostly used for ecommerce payments, but a recent partnership between two innovative payment companies will allow bitcoin acceptance at retail merchants.

Global payment solutions provider Ingenico and BitPay, a leader in bitcoin payments, have rolled out a bitcoin payment integration that will allow physical stores to accept bitcoin payments through a traditional point-of-sale (POS) device.

Presented during the Blockchain Week event in Barcelona and developed by BitPay, the bitcoin payment integration is installed on an Ingenico terminal ICT250.

To pay with bitcoin through the terminal, merchants just need to enter the amount in the local currency. The device then displays a QR code with the corresponding amount in bitcoin. Customers scan the code to pay using their mobile devices.

Miguel Angel Hernandez, Managing Director of Ingenico Iberia, commented, “At Ingenico our mission is to be at the forefront of any payment method and to provide secure transactions for both the merchant and the end customer. Participating in such an important project has allowed Ingenico Group to demonstrate its leadership in the payment space and bring a safe and secure payment method like virtual currency to the end user.”

“We are excited to partner with Ingenico Group, one of the leading payment processors in both physical and online commerce,” said Tony Gallippi, executive chairman of BitPay. “This integration will help us expand bitcoin payments to thousands of retail payment terminals worldwide.”

This new development on bitcoin will likely push the popularity of digital currencies, which recently has enjoyed growth on the global scale.