Crypto Payments Expand to Retail Point Sales

Miracle Pay, a provider of payments technology for merchants, will work with zerohash, a provider of cryptocurrency technology, to enable stablecoin acceptance at both physical and online merchants. At the point of sale, consumers will use crypto wallets on their phones to fund transactions.

Partnership Details

The partnership aims to provide a seamless payment experience for consumers using cryptocurrencies. Miracle Pay and zerohash will work together to integrate the necessary technology to enable stablecoin acceptance.

According to the report, the integration will allow consumers to use their crypto wallets to make payments at participating merchants. The exact timeline for the integration was not disclosed.

Consumer Trust in AI Payments

A survey of 1,000 consumers found that 69% do not trust AI to process payments securely. The survey, conducted by NMI, also found that 70% of consumers believe it is important to review or override an AI decision prior to a purchase.

This lack of trust in AI payments may pose a challenge for companies looking to adopt this technology. As the use of AI in payments continues to grow, it is essential for companies to address these concerns and provide secure and transparent payment processing.

In the middle of this development, it’s clear that the payment industry is at a crossroads, with companies trying to balance the benefits of new technologies like AI and cryptocurrencies with the need to maintain consumer trust and provide secure payment processing.

Other Digital Transactions News

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Basware, an accounts-payable technology provider, agreed to acquire Trustpair, a provider of payments-fraud detection technology. Nacha announced Finastra as a Nacha Preferred Partner for ACH Experience, ISO 20022, and Risk and Fraud Prevention.

Marqeta Inc. appointed Eugenia Gibbons chief product officer, effective August 31. Gibbons has held posts with BBVA, Bank of America, Accenture, and other companies.