Join Our Mailing List
Thursday February 09, 2023
Bitcoin (BTC) $22,696.08   Ethereum (ETH) $1,634.36
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Investment Management
    • M&A
    • Mining
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
Trezor Model T
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas
Home Crypto Payments

CopPay unlocks cryptocurrency for consumers and merchants worldwide

Published by CryptoNinjas.net
10/20/2017
CopPay unlocks cryptocurrency for consumers and merchants worldwide

Blockchain asset payment system CopPay will soon make bitcoin, ether, and other cryptocurrencies available for everyone to use; allowing both consumers and merchants to freely exchange them in bricks-and-mortar retail stores and established e-Commerce locations globally. The startup, will launch its Initial Coin Offering (ICO) on October 30, 2017

CopPay’s entire solution is powered by Ethereum blockchain technology; an open-source way of creating a securely distributed ledger of transactions. The technology also provides additional functionality – such as publicly auditable ‘smart contracts’; electronic commerce protocols which developers can use to create programs.

What is good to know, is that the business is already up and running, there is already a number of CopPay terminals functioning across the globe, including machines in action in both Belarus and Chile. In the coming weeks business owners from Germany, Mexico, and Lithuania will also join the CopPay community.

Virtual Terminal

Underpinning the payment system is CopPay’s multi cryptocurrency ‘virtual terminal’: an easy-to-install software that can accept any currently listed cryptocurrency, and also exchange it for FIAT currencies: in real time, without transaction fees.

These terminals can be used online or uploaded onto any device (PC, tablet, mobile phone or Point-of-Sale terminal) or incorporated into any website. No specialist knowledge required. The merchant just needs to download software from the CopPay cloud storage.

Payments can be made directly from the client to the merchant’s cryptocurrency wallet and are received within minutes (depending on the cryptocurrency used in the transaction). If merchants choose to receive FIAT money into their bank accounts, they can – without the worry of rate fluctuation – simply by using the terminal’s built-in exchange mode which converts it into cash and deposits the money into the merchant’s bank account.

“CopPay’s goal is to have millions of our own virtual terminals functioning around the world both in on and offline stores. We plan to install them free of charge so that businesses can easily enter the world of cryptocurrency. This way, merchants will be able to accept and exchange cryptocurrency for FIAT money, consumers will also be able to pay for goods and services.”

CopPay co-founder, Vladimir Serzhanovich

Typical Use Case

1. Bob gets a haircut and decides to pay with Ethereum (ETH).

2. The hairdresser opens their CopPay virtual terminal and adds an order: for $15.

3. In the terminal, there is an order line which contains all the necessary information for payment in multiple cryptocurrencies. The CopPay terminal uses an average exchange rate to convert the amount in FIAT money to the equivalent cryptocurrency amount.

4. The hairdresser selects the ETH option and a QR code displays.

5. Bob opens his ETH wallet, scans the QR code, and pays.

6. Payment confirmation is displayed in the order line.

7. The owner of the hairdresser opens his CopPay electronic wallet and sees that new ETH has been added to his account.

8. However, if the owner doesn’t want ETH, he can sell it using CopPay’s built-in exchange, and receive FIAT money in his current bank account instead.

“The more cryptocurrency that is used as a means of payment, the more viable CopPay becomes. By deploying CopPay as a global payment network, we’re ready for exponential growth in the use of cryptocurrencies,” said CopPay co-founder, Vladimir Serzhanovich.

CopPay’s ICO will take place between October 30th and November 30th.

76
SHARES
FacebookTwitterLinkedinRedditE-MailTelegram

Related News

Citowise wallet adds cryptocurrency-to-cash out feature

05/06/2019
Citowise wallet adds cryptocurrency-to-cash out feature

Citowise, a cryptocurrency wallet and payment ecosystem, has announced the latest helpful feature for users, allowing them to sell their crypto assets right from the wallet's CopPay integrated service. Setup for SEPA bank transfers,...

Read more

Crypto payment gateway CopPay launches exchange service

01/21/2019
Crypto payment gateway CopPay launches exchange service

CopPay, a multi cryptocurrency payment platform for businesses and consumers, has announced the start of their exchange service that allows users to convert crypto to crypto in a fast and secure way. At the...

Read more
Load More
Leave Comment

Where to Exchange

Leading crypto suite in Spain & LATAM Visit
European bitcoin exchange Visit
Swap & buy 150+ cryptocurrencies Visit
First U.S. regulated BTC exchange Visit
  • Trending
  • Latest
Trust Wallet launches anticipated browser extension of its crypto management app

Trust Wallet launches anticipated browser extension of its crypto management app

11/14/2022
ETH infrastructure platform Blocknative adds TX bundles, cancellation, and replacement support

ETH infrastructure platform Blocknative adds TX bundles, cancellation, and replacement support

02/02/2023
Where Exactly Can You Spend Monero Cryptocurrency?

Where Exactly Can You Spend Monero Cryptocurrency?

10/20/2021
Bluzelle Launches Layer One Chain to Drive Gaming Adoption for Cosmos

Bluzelle Launches Layer One Chain to Drive Gaming Adoption for Cosmos

02/06/2023
ETH infrastructure platform Blocknative adds TX bundles, cancellation, and replacement support

ETH infrastructure platform Blocknative adds TX bundles, cancellation, and replacement support

02/02/2023
Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus

Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus

01/24/2023
Crypto exchange Gemini launches new electronic OTC trading solution

Crypto exchange Gemini launches new electronic OTC trading solution

01/19/2023
Crypto securitization platform-GenTwo links to all Coinbase assets

Crypto securitization platform GenTwo links to all Coinbase assets

01/14/2023
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2023 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact
No Result
View All Result

© 2016 - 2023 CryptoNinjas Disclosures | Privacy Policy