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How Many Bitcoins for That Latte?

Written By: Predrag Jakovljevic
Published On: February 21 2014

Many retail establishments and restaurants may soon be accepting Bitcoin as a valid form of payment at the checkout, says iPad point-of-sale (POS) company Revel Systems. In order to bridge the online digital currency to mainstream retailers, restaurants, and grocery stores, the vendor recently announced a new Bitcoin integration that makes accepting Bitcoin as payment easy, giving their customers even more ways to pay.
 
Believing that digital currency is the wave of the future, Revel Systems is working with Bitcoin wallet provider Coinbase to provide a hardware/software solution that allows users to seamlessly accept Bitcoin into the current Revel iPad POS. The Revel app has already been submitted to the Android store and Apple store.
 
How does this transaction work? When a customer pays with Bitcoin, a QR code pops up on the POS screen of the Revel iPad POS. The customer then scans the QR code with their smartphone using a Bitcoin wallet app. Transaction complete.
 
While questions about the viability of Bitcoin as a real currency persist (i.e., there are some questions about Bitcoin’s ramifications on world currency markets and governments, and some believe that this virtual currency is mainly attractive to shady characters that want to remain off-grid for tax evasion, money laundering, and other illicit purposes), Revel’s wish to give consumers a payment choice can be understood.
 
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