Bitcoin Payment Processing Supported by SoftTouch POS

  • Written By: Ted Rohm
  • Published: October 22 2013

softtouch-logo.pngSoftTouch LLC, a developer of point-of-sale (POS) and management solutions for restaurants, announced today its support for Bitcoin payments in its flagship product, SoftTouch POS. The SoftTouch POS now provides an integrated solution for merchants that want to accept the Bitcoin virtual currency. The integrated approach will allow merchants to accept Bitcoin for any transaction.

As governments and their central banks continue to play games with currency devaluation and interest rate maneuvering, the Bitcoin virtual currency continues to gain more widespread acceptance in the digital world. According to the announcement, Bitcoin also offers advantages to merchants, including lower transaction fees than credit cards and worldwide adoption.

Note however that Bitcoins are not controlled or backed by any central bank or government. Buying and selling Bitcoins is done through a number of exchanges but Bitcoin trading is still a “buyer beware” environment. However, as people continue to lose faith in governments and central banks, we will more than likely see more business going to the virtual currencies and Bitcoin being widely adopted across multiple industries.
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