Bitcoin is not controlled by a central bank or government.
SoftTouch LLC, developer of point-of-sale and management solutions for restaurants, has announced its support for Bitcoin payments in its flagship product, SoftTouch POS.
Capitalizing on the increasing popularity of Bitcoin, SoftTouch POS now provides an integrated solution for merchants that want to accept the virtual currency. The integration approach used by SoftTouch POS allows merchants to accept Bitcoin for any transaction mode including counter sales, bars, drive-thru, dining and delivery.
Bitcoin offers significant advantages to merchants including lower transaction fees than credit cards, and worldwide adoption, which makes it an attractive currency for international travellers. Moreover, Bitcoin payments are not subject to chargebacks like credit card transactions.
Often referred to as “digital cash,” Bitcoin is not controlled by a central bank or government. It is typically carried on a mobile device or stored in the cloud using an application called a Bitcoin wallet. SoftTouch POS uses a third-party payment gateway to facilitate the transfer of Bitcoin from the consumer to the merchant.
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