Crypto Adoption: Cryptobuyer Joins Binance Chain – BNB Is Integrated Into 200 Stores Across Latin America
We’ve already reported that 2019 is the year of crypto mass adoption, and there have been a lot of moves that are supporting this important goal.
Cryptobuyer integrates BNB into its PoS solution
Now, Cryptobuyer managed to integrate Binance Coin (BNB) into its PoS solution for more than 200 stores and retail chains in Latin America.
The payment gateway managed to develop a network for more than 50k registered users, crypto ATMs and also a crypto payment solution that is designed for shoppers to use digital assets in physical stores.
The Daily Hodl writes that “Cryptobuyer counts Traki, the largest retail chain in Venezuela with 46 superstores, among its clients.”
More than that, besides BNB, member businesses will be able to receive payments in several cryptos including Bitcoin, Litecoin, and Dash.
How will the platform work?
If you’re wondering how the platform works, well it generates a QR Code for each one of the transactions.
Shoppers will be able to scan the code via a crypto wallet on their mobile phone.
This way, they will be able to make a payment with the crypto that they choose.
The firm also stated that payments are then settled in a merchant’s bank account in USD within 48 hours.
The Cryptobuyer team reveals that “Our solution is a real and functional alternative to the problems of hyperinflation, shortage of cash and an advanced payment tool, thus becoming a real use case in one of the places where it is most needed in the world.”
They continue and explain that “It also provides services to Panama and Costa Rica for hotel chains and tourism companies which identified the niche of digital nomads — travelers who use digital assets for their daily expenses while working remotely.”
So, as you can see, Cryptobuyer not only supports crypto adoption with their latest move, but they will also eliminate a lot of issues that have been plaguing this part of the world.
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