Removing Risk With Bitcoin Payments: Coin Of Sale Partners With GoCoin

Connie
December 9, 2014 11:30 UTC

Cloud-based Bitcoin POS solution, Coin Of Sale has integrated with international cryptocurrency payment processor, GoCoin. The partnership allows merchants the benefits of accepting bitcoin payments at retail locations while shielding against price volatility by instantly converting digital currency to fiat.

Also read: PayPal Partners with BitPay, Coinbase, and GoCoin

Coin Of Sale aims to remove any friction when it comes to brick and mortar retailers accepting bitcoin payments by instituting an easy “one-click” QR code payment solution. Essentially, sellers with any portable device with a web browser (that’s practically every device) can quickly transact using Coin Of Sale.

The company is banking on its easy-to-use platform to help speed up the adoption of bitcoin payments by merchants. And now, by adding integration with GoCoin, merchants can accept cryptocurrency at checkout with zero risk.

Coin Of Sale Goes GoCoin

Regarding the new partnership, Tomas Forgac, founder of Coin Of Sale said,

We’re excited to announce our partnership with GoCoin to deliver instant fiat conversions to our growing retailer network. Integrating with GoCoin provides our customers with more flexibility on how they can manage their sales – something we can now offer by being part of the GoCoin digital payment ecosystem.

Steve Beauregard, founder and CEO of GoCoin, had the following to say,

Tomas was driving bitcoin adoption with local retailers before anyone even knew the digital currency. He has a knack for not only spotting market trends, but getting ahead of them, a talent he’s already bringing to our partnership.

Currently, Coin Of Sale works directly with merchants in 10 countries including, the United States, Canada, Singapore, Thailand, Korea, Netherlands, United Kingdom, Sweden, Denmark, Hungary, Slovakia, and the Czech Republic.

What do you think of this initiative aimed at shielding merchants against Bitcoin price volatility? Comment below!

Images from Coin Of Sale.

Last modified: December 9, 2014 11:30 UTC