PR: BitPay partners with New West Technologies and NitroSell for BTC POS solution
Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term payment processing firm BitPay has recently announced a newly found partnership with New West Technologies, Inc. and NitroSell.
The partnership will help push the release of a point-of-sale solution for Ecommerce retailers interested in accepting the digital currency Bitcoin.
Below is the official Press Release from BitPay:
BitPay, the world leader in business solutions for the Bitcoin digital currency, today announced a partnership with New West Technologies, Inc. and NitroSell, with the release of an e-commerce and point-of-sale solution. The partnership between the companies brings a new and streamlined solution for e-commerce retailers looking to accept Bitcoin Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term from anywhere in the world, with low risk of fraud and zero chargebacks. With Bitcoin, retailers can expand their payment options for customers, increase payment security and get a step ahead with the newest payment technology. For more information about the Bitcoin integration, visit www.newestech.com
“This tandem offering will be a 360 degree solution from omni-channel e-commerce to brick-and-mortar,” stated Dan King, President of New West Technologies. “Because of this partnership, merchants and customers can benefit from how fast and easy we have made the transaction process.”
New West’s cutting edge solution includes a point-of-sale platform that integrates directly with any e-commerce merchant. Within the platform, BitPay’s Bitcoin Payment Gateway API will give customers the ability to settle transactions, using the Bitcoin spot rate at that specific time. This means a merchant can complete a transaction online and in real time.
“Bitcoin is the closest thing to a cash transaction a retailer can offer online. It protects the retailer from many of the risks associated with accepting credit cards online or in-store.” Jim Morrison, CEO of NitroSell.
Users send payments by broadcasting digitally signed messages to the Bitcoin network, however the process of completing a sale does not change. The seller tenders the Bitcoin, the consumer scans the QR code and approves the payment. Upon approval, BitPay gathers and locks in the exchange rate and the transaction is completed. In addition, BitPay also enables merchants to convert Bitcoin into local currency with funds deposited into retailer’s bank account the next business day.
SOURCE: BitPay
Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term payment processing firm BitPay has recently announced a newly found partnership with New West Technologies, Inc. and NitroSell.
The partnership will help push the release of a point-of-sale solution for Ecommerce retailers interested in accepting the digital currency Bitcoin.
Below is the official Press Release from BitPay:
BitPay, the world leader in business solutions for the Bitcoin digital currency, today announced a partnership with New West Technologies, Inc. and NitroSell, with the release of an e-commerce and point-of-sale solution. The partnership between the companies brings a new and streamlined solution for e-commerce retailers looking to accept Bitcoin Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term from anywhere in the world, with low risk of fraud and zero chargebacks. With Bitcoin, retailers can expand their payment options for customers, increase payment security and get a step ahead with the newest payment technology. For more information about the Bitcoin integration, visit www.newestech.com
“This tandem offering will be a 360 degree solution from omni-channel e-commerce to brick-and-mortar,” stated Dan King, President of New West Technologies. “Because of this partnership, merchants and customers can benefit from how fast and easy we have made the transaction process.”
New West’s cutting edge solution includes a point-of-sale platform that integrates directly with any e-commerce merchant. Within the platform, BitPay’s Bitcoin Payment Gateway API will give customers the ability to settle transactions, using the Bitcoin spot rate at that specific time. This means a merchant can complete a transaction online and in real time.
“Bitcoin is the closest thing to a cash transaction a retailer can offer online. It protects the retailer from many of the risks associated with accepting credit cards online or in-store.” Jim Morrison, CEO of NitroSell.
Users send payments by broadcasting digitally signed messages to the Bitcoin network, however the process of completing a sale does not change. The seller tenders the Bitcoin, the consumer scans the QR code and approves the payment. Upon approval, BitPay gathers and locks in the exchange rate and the transaction is completed. In addition, BitPay also enables merchants to convert Bitcoin into local currency with funds deposited into retailer’s bank account the next business day.
SOURCE: BitPay