Payments Platform UTRUST Partners With Quid POS For Merchant Crypto Transactionsbr>
The system offers instant transactions, buyer protection, and crypto-to-cash settlements, the companies said.
“One of the advantages of having a knowledgeable partner at the forefront of the future-of-payments is that it provides our Smart Vendors a reliable processor to accept cryptocurrency payments,” said Sheryl Carr, CEO & co-founder of Quid Systems. “Together we can continue to build exceptional merchant solutions as new digital payment methods steadily evolve.”
Quid POS enables trusted transactions between global merchants and their customers through a proprietary agnostic cash register. The merchant has the ability to display a transaction in up to 3 currencies at once by choosing from over 200 international currencies, including bitcoin and altcoins. This function becomes necessary when a sale requires a conversion between currencies.
“For UTRUST merchants, Quid POS offers something unique in the point of sale space – transparent transactions utilizing a currency conversion cash register with an affinity for cryptocurrency payments,” added Nuno Correia, CEO of UTRUST. “We speak the same language of trust and this partnership expands both our missions to make cryptocurrency payments accepted universally.”
Potentially over 35,000 merchants will be able to use the UTRUST platform in order to accept cryptocurrency as a means of payment through this partnership, although a much smaller number are likely to use the system.
The partnership extends UTUST’s merchant services offering to include Quid POS users with an integrated point of sale solution including payment processing, inventory control, sales insights, employee management, customer tracking, and multi-location reporting, for one seamless fundamental platform.