Dspread Technology, a Chinese developer of mobile payment terminals and hardware today announced a partnership with Cyclebit, a Singapore company that took upon itself the task of making transactions in cryptocurrencies more accessible with integration on POS terminals in retail.
The new payment system will soon be available to Cyclebit users across 200k retail points, gradually expanding to the entire network. Dspread’s expertise in production and Cyclebit’s background in building processing, holding settlements and payments in fiat and now cryptocurrencies, makes it a great synergy for development and further expansion in Korea, America, Southeast Asia, and Europe.
“We are very excited about the upcoming alliance and we look forward to support digital currencies in this new supporting technologies. We always seek to enhance our solutions to provide the best seamless experience. This is a great opportunity for us to do something truly big and global, especially these days when cryptocurrency payments are becoming more and more popular.”
“Our main focus is to deliver accessible and affordable solutions for merchants, to accept and distribute cryptocurrency in all our terminals, in addition through our global partnership network. In the immediate future, we will remove barriers of traditional payments in the retail chain and make crypto payments a high % of the “share of checkout”. This strategic partnership will enhance customers’ ability to pay with digital currencies and provide world access to new means of payments, offered by progressive technologies such as blockchain. We are thrilled to leverage Dspread’s vast expertise to strengthen our proposition for the merchants.”