Lavu Brings Crypto Payments To Restaurants In 65 CountriesMay 22, 2022 11:27 am
Cryptocurrency as a viable, practical, everyday, payment solution is still a goal in its infancy…
Currently, cryptocurrencies are seen more as ‘online money’, or legitimate digital assets that function as a store of value, an investment, or utility, and aside from the few brick and mortar businesses who opt to accept crypto payments—most don’t yet.
The obstacles to accepting crypto for small businesses are clear, first they must find a merchant payment processor who can process the transactions.
Next, they need a way to streamline and account for crypto transactions within their own point of sale systems, and finally they must have a secure place to actually store their crypto revenues.
Luckily, Lavu is solving these issues for restaurants that use their point of sale (POS) systems.
A recent announcement from the POS company indicates that they have enabled crypto payment processing for restaurants which use their software and systems in 65 countries.
The newly added feature comes via a partnership with international telecom company Verifone.
Here’s more on the story:
Global restaurant software provider Lavu announced on May 19, that theyre now in cooperation with Verifone a global FinTech payment solution provider.
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— Vijay Pravin (VP) (@VijayPravinM) May 21, 2022
In essence, this will enable the companies to offer a unique point of sale (POS) solution to their customers. Whatsmore this strategic partnership will kick off with the Verifone Engage e285 device outfitted with Lavu’s tablet-based POS.
Yahoo Finance adds:
The following payment methods, and more, will become available to Lavu customers and Verifone customers: Alipay, Affirm, Cryptocurrency (including Bitcoin, Ethereum, Litecoin, Dogecoin, Shiba Inu, and several USD stablecoins) using prominent Crypto wallets, PayPal, Venmo, WeChat Pay, Klarna, Swish, and Vipps.
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