MiniPOS.Cash: Bitcoin Cash (BCH) Point of Sale Payment Device?

What Is MiniPos?

The Bitcoin Cash MiniPOS server is a self-hosted POS (point of sale) hardware server that has been created in order to be used by small merchants and stores. The device is very easy to use and it can be operated via any device with a web browser.

With this device it is possible to accept Bitcoin Cash (BCH) with 0 confirmations in a secure way. BCH users will have the chance to pay without having to wait for long times in any store working with this service and with live conversion rates in multiple local currencies.

MiniPOS Advantages

Those merchants that operate with the MiniPOS, have the ability to accept Bitcoin Cash (BCH) payments without having to use any service or registration. Additionally, there are zero on-going monthly fees and zero transaction fees for merchants to pay if they decide to accept this famous virtual currency using the MiniPOS.

Another important thing to mention is that the MiniPOS is very secure. Although it is connected to the internet, no private key is stored within the MiniPOS server. Indeed, merchants are able to receive payments in BCH without having to expose their private keys or funds to third parties. The service works in a very easy way, just by entering a public address into the MiniPOS server.

There are zero on-going costs for using the MiniPOS server. The fees are paid by the sender of the transaction. This is different than the current fiat systems that the fees must be paid by the merchant and and can be quite high in some cases.

How MiniPOS Bitcoin Cash Point of Sale Payment Device Works

Is very easy to use the MiniPOS. It is necessary to connect to the in-store ’Internet connected’ local network using a cable to the router or using WiFi.

Once the device is connected to the local network the ‘xpub address’ is input into the MiniPOS server config at the time of the initial setup. This allows the generation of multiple Bitcoin Cash addresses so as to receive and process transactions. All the addresses generated are linked to the master xpub address – which is never revealed to customers.

The transaction is input into the MiniPOS Terminal App, after it, the MiniPOS server checks the current live exchange rate and returns on screen with a QR code, a generated receive address, payment ID, and amount to pay in BCH and local currency.

After it, the customer scans the QR code with a Bitcoin Cash wallet and sends the payment to the address displayed.

Between 10 and 15 seconds later, as soon as the 0 confirmation transaction is ‘in the Bitcoin Cash mempool’ the MiniPOS Terminal displays a ‘Payment Completed’ window.

The system works very smoothly and efficiently in all the stores that want to accept Bitcoin Cash.

What Is Bitcoin Cash?

Bitcoin Cash (BCH) is one of the most important virtual currencies in the market. Indeed, it has low fees to process transactions (it allows users to pay just a few cents to send microtransactions).

Additionally, it has faster payments than other currencies such as Bitcoin Core (BTC). A transaction using Bitcoin Cash can be confirmed in just a few minutes compared to Bitcoin, which may take up to some minutes or hours to process a simple transaction.

MiniPOS Conclusion

The MiniPOS server requires a one time hardware purchase and does not operate with fees or charges. It is not necessary to be registered, provide information or be approved to start using the system. Additionally, the MiniPOS is compatible with different fiat currencies worldwide and provides a seamless and smooth experience to customers and users.

MiniPOS offers one of the best ways to accept Bitcoin Cash to different shops around the world with 0 confirmation transactions.

The list of accepted currencies includes ARS, EUR, GBP, KRW,USD, RUB, PLN, TRY, NOK, JPY, CHF and many others.

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Bitcoin Exchange Guide News Team
B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


Please enter your comment!
Please enter your name here


Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

Coinbase and Circle Consortium's USDC Stablecoin is Now Integrated on Solana Blockchain

The Center announced today Solana blockchain as an official Chain for its USDC stablecoin. As an expansion of the “fully-reserved and regulated digital dollar stablecoin,”...

Ethereum Classic & IOHK Team Up to Find Solutions to Prevent 51% Attacks On The Blockchain

The Ethereum Classic Cooperative development team partners with Input Output Hong Kong (IOHK) to counter the numerous 51% attacks on the Ethereum Classic...

OKEx Exchange Resumes P2P Fiat Trading for Chinese Yuan, Indian Rupee, & Vietnamese Dong

Cryptocurrency exchange OKEx announced on Wednesday that it is resuming peer-to-peer (P2P) trading for CNY, INR, and VND fiat pairs from today at 12:00...

SEC Proposes $5 Million Settlement in Kik’s $100 Million Initial Coin Offering (ICO) for KIN

Kik Interactive, the embattled Canadian messaging startup, seems to have finally reached a settlement deal with the SEC regarding its illegal ICO back in...

First UK Public Listed Company, Mode Global Holdings, Converts 10% of Cash Reserves into Bitcoin

What started with public listed company MicroStrategy has now become a movement as more and more companies continue to join the ranks. This month, after...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today