It seems that 2020 is the year that Bitcoin might finally be adopted in everyday life. The Blockchain
Security company SecuX has designed a crypto retail payment system for brick
and mortar shops. This includes a mobile app, a payment module and a hardware
wallet.
This new system was introduced at the Consumer Electronics
Show. How does it work? The retailer does not require internet connection.
However, the buyer would. After selecting the item, the client has to scan a QR
code connected to a system run by SecuX.
Then, his phone will connect to a server that will process the transaction. The
system will send the buyer a signal alerting him that the settlement is
complete. After that, the buyer’s application will transmit a bluetooth signal
to the retailer notifying him that the payment has been made.
The three components involved are a white-label mobile app
that supports most virtual currencies, a payment terminal that can
connect to any existing point of sale system and a hardware wallet that
combines its Secure Element chip that can only accept crypto
payments from the hardware terminal to the shop owner.
SecureX is not the first company to design such a system. Stéphane
Djiane, the CEO of Global P.O.S., a point-of-sale systems provider for
retailers has also been marketing a solution of her own for quite some time.
Brick
and mortar stores can accept crypto payments
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