With a Bitcoin debit card, merchants get paid in their own currency while you are charged in Bitcoin from your prepaid balance. Together, BitPay and BlueSnap will bring this popular payment method to more businesses and consumers globally. While not many businesses accept payments in Bitcoin (yet), most accept debit cards. “As many as 85 percent of major retailers already accept some form of crypto payment, and even small businesses are picking up on the trend with one-third of SMBs beginning to accept crypto. Formentos now accepts various forms of BitPay for both dining at our restaurant, in addition to private events payments. Merrick Theobald, Vice President of Marketing at BitPay, said:
This product partnership will “give businesses the ability to accept and get paid out in up to 15 different cryptocurrencies and seven fiat currencies globally, and supports BlueSnap’s mission to help businesses across the globe increase their revenue and reduce costs.” Bitcoin (BTC), including Bitcoin Lightning NetworkĪs covered last year, BlueSnap, a global payment orchestration platform of choice for leading B2B and B2C businesses, announced a partnership with BitPay, which claims to be the largest provider of Bitcoin and cryptocurrency payment services.In partnership with BitPay, customers will be able to make purchases with a fairly wide range cryptocurrencies including: Accept crypto payments through an integrated payment terminal or our Checkout app. The Miami Design District location is notably “the first Ralph Lauren retail store to accept crypto payments.” Customers can pay “for all of Ralph Lauren’s elevated looks straight from their preferred crypto wallets.” Start accepting Bitcoin in-store with BitPays crypto point of sale system.
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