Coinify, which provides a point-of-sales platform for merchants to accept cryptocurrencies, recently integrated Dash into their platform.
Coinify’s website claims that they are the “#1 virtual currency payment service provider in Europe” with over 30,000 merchants spread throughout 70 plus countries. Coinify allows merchants to accept up to 15 different cryptocurrencies and pays out amounts in government fiat.
Coinify is one of many cryptocurrency POS systems that exist today because of increasing consumer demand for merchants to accept cryptocurrency. One of the first POS systems was BitPay, which significantly helped Bitcoin adoption in the early years of Bitcoin’s life. However, some of their consumers have been inconvenienced with failed transaction sends because of BitPay’s usage of BIP-70. They are implementing a solution, but it nevertheless highlights how relatively new and underdeveloped the cryptocurrency-for-commerce space is and the importance of competition to give consumers and merchant more and better options.