Toshiba Collaborates with BitPay for Cryptocurrency Payments Integration

BitPay Partners with Toshiba to Expand Bitcoin Adoption

In a significant move for the Bitcoin community, BitPay has announced a partnership with Toshiba. This partnership is set to introduce Bitcoin to new crowds and is expected to have a positive impact on the growth and acceptance of Bitcoin.

Tony Gallippi, Executive Chairman for BitPay, expressed his excitement about the partnership, stating that it is a significant step forward for Bitcoin adoption. The partnership will extend the Toshiba VisualTouch solution to include Bitcoin, making it possible for over 6,000 companies globally, primarily in the hospitality, restaurant, retail, and grocery industries, to accept Bitcoin payments.

The technical aspect of integrating the Bitcoin payment system into the VisualTouch system is being handled by BitPay. Toshiba is integrating Bitcoin payments into their touch-screen point-of-sale platform VisualTouch, allowing businesses to accept Bitcoin payments seamlessly.

Stephen Pair, serving as Executive Chairman at BitPay, commented on the partnership, stating that it will result in more exposure for BitPay and Bitcoin. The partnership between BitPay and Toshiba will be formally announced at the 2014 National Restaurant Association Show.

Coindesk.com revealed the deal between BitPay and Toshiba, highlighting BitPay's continued success in the Bitcoin payment processing industry. BitPay is currently a leader in online Bitcoin payment processing, regularly signing major deals. The partnership with Toshiba is another example of BitPay's commitment to expanding the reach of Bitcoin.

The partnership is a positive development for the acceptance and exposure of Bitcoin. By partnering with a well-established company like Toshiba, BitPay is introducing Bitcoin to a wider audience, potentially accelerating its adoption as a mainstream payment method.

This partnership will introduce Bitcoin to new crowds, providing a boost to its growth and acceptance. As more businesses adopt Bitcoin, its future as a viable payment method becomes increasingly secure.