Mainstream crypto adoption is one of the main goals that the crypto industry has set, and there have been various moves that support the achievement of this important goal.
Now, crypto adoption intensifies with the current moves that are taking place in the crypto space.
BitPay teams up with Poynt
Crypto payments provider BitPay teams up with the PoS service company Poynt in order to bring BTC, ETH, and BCH to more than 100k retailers around the world.
It’s been said that the increasing interest showed by the retailers in crypto is one of the factors that’s pushing BTC’s price to the moon among other triggers.
Anyway, this new partnership will allow consumers to pay merchants in BTC, ETH, and BCH by suing a simple scan of a QR code.
The online publication the Daily Hodl mentioned that an official press release said that users would also have the ability to pay with three stablecoins that are pegged to the US dollar.
It’s been reported that the integration of these two technologies is designed to create a seamless checkout experience that is faster and more secure than traditional payment methods like cash or credit cards.
The partnership is a growth opportunity for BitPay
BitPay CEO Stephen Pair had this to say about this new partnership:
“It’s a massive growth opportunity for BitPay, and an important milestone in our now nine-year mission to make payments faster, more secure and less expensive for people and businesses.”
BitPay teamed up with Ripple back in October and now supports XRP on its cross-border payments platform.
The online publication the Daily Hodl notes that it’s worth highlighting the fact that XRP is not part of the new PoS partnership that we mentioned above.
Other than this, XRP is doing great regarding adoption and price as well.
At the moment of writing this article, XRP is trading in the green, and the coin is priced at $0.337730. Also, an important analyst believes that XRP’s price should be 30% higher.