![]() As mobile payments grow across all of the financial landscapes, QR codes could be left as a thing of the past relatively quickly.īitPay is debuting the new app for people to test at Money2020 this year at booth #909. #Bitpay apple pay code#The QR code became the backbone of the bitcoin business early on, but now with NFC technology it could be phased out relatively quickly. Of course, most all payment processors still support QR code functionality. What Will Be the BitPay Effect on QR Codes? “Accepting bitcoin can offer tremendous savings to merchants, especially merchants with a large international customer base, and BitPay’s service combined with the new mobile app is a fantastic value for merchants,” Galippi said. ![]() The process is easier than scanning a QR code, something the bitcoin community utilizes at its core when paying by phone. ![]() Utilizing NFC, currently available on Android, shoppers simply place their phone close to merchant’s point-of-sale tablet and receive payment instructions instantly. “For retailers, accepting mobile payments is a growing trend, but none of today’s industry offerings can provide a lower risk or lower cost than swiping a credit card.” In a press release, BitPay Co-Founder and Executive Chairman, Tony Galippi, explained the necessity of the application: The new Bitpay feature follows in the footsteps of Apple, who recently unveiled their Apple Pay payment system, putting pressure on bitcoin companies to simplify the process even more.Īlso Read: NYDFS’s Ben Lawsky Reveals Plans for Transitional BitLicense at #Money2020 ![]() At the Money2020 conference in Las Vegas, BitPay announced their new point-of-sale app that allows users to pay with bitcoin with a single tap. ![]()
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