As alternative payments have become more prevalent, a larger amount of merchants have decided to accept cryptocurrency as payment.
Mostly due to its universal capabilities and lower-to-zero transaction fees, the demand has increased.
“If you talk to any financial institution today, everybody says payment will be on the blockchain in the future," CEO of the Danish cryptocurrency business, Coinify, Mark Højgaard, told Business Insider.
Located in Copenhagen, Coinify is a trading platform for users to buy and sell cryptocurrency. The company is also a payment service provider (PSP) that lets banks and merchants accept payments in 17 different cryptocurrencies including Ether, while getting paid with their own local currency. Their goal is to be the go-to service provider for anyone who wishes to accept blockchain-based currencies.
Coinify Point of Sale allows users and merchants to accept blockchain payments anywhere and in person. Whether it’s a shop owner, cab driver, retail store, office service, or simply an individual selling personal items, Coinify POS enables cryptocurrency acceptance.
According to their site:
Online Payments- Accept Blockchain Payments Globally
Accept blockchain payments risk-free with Coinify. If you want to sell an item for €100 using the Coinify platform, the amount is converted to a digital currency such as bitcoin, and the customer can pay using any wallet of their choice. Coinify locks in the exchange rate for you, and the following business day €100 will be sent to your payout or bank account of choice. Unlike most credit card payment services, you do not need to wait until the end of the month to get paid. No need to worry about chargebacks or fraud when accepting blockchain payments either.
To learn more about Coinify, head over to their site.