Are you looking for a Bitcoin and Litecoin merchant payment solution? Canadian-based Coinkite is the latest entry into the Point of Sale terminal market.
One issue currently with Bitcoin adaptation is at the point of sale level. With Coinkite’s Bitcoin debit card, people can use the Bitcoins they’ve mined or bought right at the merchant’s terminal. This eliminates the need to convert your Bitcoins to dollars or other local currency. The Coinkite POS terminal allows a direct and secure connection to a user’s Bitcoin wallet. A merchant who wishes to accept Bitcoins and Litecoins cannot use a standard credit card terminal. Traditional payment processors will not allow the use of Bitcoin with their terminals. Coinkite’s new terminal hardware is riding the new wave of payment processing.
Coinkite is also a digital wallet. This is the method in which Bitcoins are stored. A debit card that is linked to your digital wallet allows you to use your Bitcoins wherever they are accepted. Coinkite’s innovation allows consumers to make full use of their Bitcoin resources. The wallet can also be accessed through a user-friendly web interface. This also provides strong security, as the interface uses two-factor authentication to verify a user’s identity.
The hardware POS terminal provides a great deal of value. The terminal connects to the user’s Bitcoin wallet through either the existing cellular telephone network or via WiFi connection. The debit card grants the user the most freedom. The innovative engineers at Coinkite have implemented a system of QR codes linked to user’s digital wallet to allow anyone to transfer payments to any other holder of a Bitcoin wallet. With a paper receipt providing proof of transactions, Coinkite’s terminal can speed the adoption by a wider user base of the Bitcoin standard. By providing a secure method of Bitcoin transactions in a brick-and-mortar institution, Coinkite is increasing awareness and adoption of the Bitcoin currency standard.
The advent of these Bitcoin-based terminal and POS technology marks a change in the public trust. By providing direct, secure Bitcoin merchant services, companies like Coinkite are advancing the nature of business transactions. The state of the art in consumer-based cryptography is used to secure the consumer’s Bitcoin and Litecoin assets and to facilitate economic transactions.