Coinsbit Crypto Exchange Announces Its Integration With POS Terminals
The Coinsbit trading platform, registered in Estonia, which received permission to trade in the European Union from regulatory organizations, integrates with 200,000 POS terminals, ForkLog reports.
Coinsbit users will now be able to purchase cryptocurrency for fiat directly. The Cyclebit startup is the owner of the terminals, which are used in many countries of the world.
POS terminals are available in almost every outlet. They are electronic software and technical devices for accepting bank cards with a chip and a magnetic stripe, as well as contactless cards, for payment.
Customers will be able to purchase the cryptocurrency that is on the listing of the trading platform. The developers claim that this model will subsequently provide an opportunity to accept fiat during the organization of the initial exchange offering (IEO).
To date, more than 20 crypto pairs are traded on the Coinsbit crypto exchange. The most popular can be called the trading pairs of bitcoin with ether, Litecoin, Binance Coin, and the US dollar. The exchange uses the CoinsbitCode technology, which allows transactions without commission payments. Within one second, about ten thousand operations can be processed on Coinsbit. On average, up to a million transactions are processed per year, and the turnover of payments using cards is $1 billion.
As previously reported, Trust Wallet, owned by the Binance trading platform, added a credit card payment option.