Thanks to a collaboration between iVend and GoByte Pay you can use cryptocurrencies to pay for coffee and other products at vending machines that have begun to accept this type of micropayment.
Originally it is precisely for this reason that cryptocurrencies were designed, having very low fees.
At the moment it is not possible with bitcoin, but with other tokens or cryptocurrencies, micropayments are one of the most useful applications.
In the case of vending machines, a video shows how easy and fast it is to use them: just select the desired product, scan the QR code with an app and authorize the payment. In a few seconds, the payment is made and the product delivered.
In this way, you can use the vending machines by paying in cryptocurrencies, with very short payment execution times and very low commissions.
The GoByte Pay service can be used by all merchants, who can easily integrate fast and transparent cryptocurrency payments not only in vending machines but also in their stores.
In addition to processing cryptocurrency payments, merchants will also be able to manage several wallets, monitor cryptocurrency prices and generate invoices.
According to Coin ATM Radar data, installations of bitcoin vending machines have increased about 4 times this year, and this will have positive implications for the entire cryptocurrency sector.
In this regard, Hisyam Nasir, CEO of GoByte, said: “I can not predict, but it fully depends on retailers and merchants to accept cryptocurrency for goods and services”.