Cryptocurrency-Enabled POS Terminals Being Created by Dspread and Cyclebit Partnership

Following a partnership with Dspread Technology, Cyclebit users will now have access to a crypto-enabled mobile point-of-sale (POS) terminal device.

Dspread is a China-based manufacturer of mobile payments terminals and hardware. On the other hand, Cyclebit is a Singaporean firm that aims to increase the accessibility of digital currency transactions through the integration of crypto-enabled retail POS terminals.

The mobile POS is expected to become available across Cyclebit outlets in the near future. This unique device combines the manufacturing expertise of Dspread worth the experience of Cyclebit in processing payments in fiat and digital currencies. The product will be available in America, Asia and Europe.

Dongyang Zhang, the CEO of Dspread technology, revealed his excitement over the partnership and added that the company always strives to offer a seamless experience to its users. Zhang also mentioned that the collaboration gives them to reach to a global audience at a time when the popularity of cryptocurrency payments is rapidly increasing.

On his part, Daniel Bessmert, the CEO of Cyclebit, stated that his company intends to provide cost-effective solutions to merchants. Therefore, the company will introduce the support for cryptocurrency payments across all of their terminals, as well as in their global partnership network. In the future, the company aims to phase out traditional payment methods in favor of digital currency payments by offering higher commissions for the latter. Daniel also said that blockchain technology will increase accessibility to the platform and concluded by thanking Dspread for their immense contribution to the partnership.