Sign up for The Paypers newsletter Follow The Paypers on LinkedIn Follow The Paypers on Twitter Follow The Paypers on Facebook
The Paypers, paypers, Insight in payments, News, Reports, Events
 advertisement
Cryptocurrencies

Brazil's Cielo supports Bitcoin

Monday 2 September 2019 | 10:15 AM CET

Brazil-based payment processor Cielo has unveiled support for cryptocurrencies, including Bitcoin, on its 1.4 million point-of-sale devices.

Users will be able to send crypto to devices via a QR code, but an account with Uzzo or Criptohub, Cielo’s network partners, will be needed. However, from October 2019, the company is planning to accept crypto payments without the need for a POS device.

Mobile app CieloPay, which will launch on 14 October, would be used to generate the QR code instead. It will enable remote payments through applications such as WhatsApp and online stores. Moreover, the company’s banking partners, Banco do Brasil and Bradesco Bradesco, are backing the new crypto payments offering.

More: Link
 advertisement
 advertisement
 advertisement
 advertisement