The latest innovations in the product payment market are coming from the currencies that people prefer to use. Instead of relying solely on the government-backed currencies of their host countries, people across the globe can choose to use the open standards of digital currencies. Now, retailers and payment systems operators are getting on board as well, and they are beginning to facilitate the transaction of alternative currencies to make payments as easy as possible for their customers.
Apriva, a provider of point of sale applications, allows businesses to accept payments from anywhere and on any major terminal platform. It announced this week that it has begun a partnership with GoCoin to extend its reach and to start accepting digital currencies such as Bitcoin, Litecoin, and Dogecoin.
All of Apriva's channel partners will soon be able to accept the alternative currencies through their updated POS systems. Steve Beauregard, founder and CEO of GoCoin, commented on the partnership and the evolution of the payment industry.
"As the payments industry evolves, we want to empower merchants by giving their consumers the option to use the latest payment forms for their purchases," Beauregard said. "Our partnership will enable Apriva's resellers and ISVs to provide their merchants the most comprehensive selection of payment options offered today."
Apriva's corporate customers will be able to either accept and keep digital currencies in their native forms or accept the currencies and then immediately transfer them into a preferred form. Businesses of all sorts will be able to accept payments through a variety of devices and methods. Also, Apriva’s products work with mobile devices, phone-based payments, wireless terminals, and even vending machines and can accept payments through credit, debit, EBT, loyalty programs, checks, and closed-loop payments that may be a part of any of the above systems.
The addition of digital currency acceptance will provide businesses with even more options for payment without having to assume any risk associated with volatility in the market. GoCoin says it accepts all risk during currency exchanges, and businesses will be able to decide if transferring currency from one denomination to another is right for them at any time.
Edited by Stefania Viscusi
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