Dspread and Cyclebit enter into partnership to launch mPOS.
October 26, 2018 6:45 am,
Dspread Technology Inc., the largest Chinese developer of state of the art mobile payment terminals and hardware solutions for global payment enters into a partnership with Cyclebit which is a Cryptocurrency solution form, to make transactions in Cryptocurrency accessible and possible due to integration with POS terminals in the retail network. This has been made possible through Mobile Point-of-sale (mPOS) terminal.
The new Mobile Point-Of-Sale (mPOS) terminal will accept both standard card payments as well as Cryptocurrency transaction.
The Cyclebit platform will provide merchants with a ready to install, the free and customizable app designed for both iOS and Android systems. The app will make possible for the merchants to accept payments made from a crypto wallet or traditional bank account.
The alliance will enable connection of all existing Dspread mPOS terminals to the Cyclebit network for facilitating the acceptance of Crypto payments
During the initial phase, the new terminal will be available for Cyclebit users across 2 lakh retail locations with plans for further expansion in Korea, America, Southeast Asia, and Europe.
This is the step forward to support digital currencies when Cryptocurrency payments are becoming more popular. This partnership will enhance customer’s ability to pay with digital currencies and provide world access to new means of payments offered by progressive technologies like Blockchain.
This partnership aims to deliver a comprehensive product set to cover the needs of commercial retail and Cryptocurrency holders. The mobile payment terminal will support not only the card payments but also enable Cryptocurrency transactions anywhere with no additional thing required. The main focus is to deliver accessible and affordable solutions for merchants to accept and distribute Cryptocurrency in all terminals. It will remove barriers of traditional payments in the retail chain and make Crypto payments more popular.