Crypto News: Panama City Strip Mall Merchants Embrace Bitcoin Customers

The Panama Blockchain Embassy and the company Cryptobuyer wants the Balboa Boutiques strip mall to be the first mall in the world to have every merchant accept bitcoin. Farias tells news.Bitcoin.com that merchants in the mall are utilizing the startup’s Point-of-Sale (PoS) device. The machine allows the purchasing of items with bitcoin by printing out an address QR code and operates similarly to a traditional credit card terminal.  “A great interest from tourists and locals regarding digital currencies was the trigger to push the adoption of Cryptobuyer Payin Balboa Boutiques,” Cryptobuyer details.

“Our system offers a very simple and transparent way for the strip mall merchants to accept bitcoin, dash, litecoin and others cryptocurrencies,” Jorge Farias, founder, and CEO of Cryptobuyer tells news.Bitcoin.com. “The solution locks the value of the transaction in USD for the merchants, so they are not exposed to the volatility of the coins.”

"They also have the option to accept 100 percent directly or a combination of 50/50 on Crypto and USD. Our PoS solution doesn’t have any installation costs, maintenance or hidden fees either."

Full story at http://bit.ly/2yIYJai

Source: Bitcoin News

 

 

 

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