Crypto Payment Firm ivendPay Unveils NFC-Enabled System

Cryptocurrency payment technology company ivendPay has unveiled a crypto payment system enabled by near-field communication (NFC).

By integrating NFC technology with cryptocurrency payments, ivendPay has made the payment process as seamless as using a traditional card, the company said in a Monday (Nov. 27) press release.

Users can now tap their phones equipped with NFC technology to make direct payments from their crypto wallets, according to the release.

ivendPay's technology integrates into various payment ecosystems, including point of sale (POS) terminals, merchant mobile apps and vending networks, for convenience and security of cryptocurrency transactions within a retail environment, the release said.

The company has entered into a partnership with Binance in which ivendPay has become the global payment gateway for Binance Pay.

IvendPay already serves around 400 active merchants in seven countries and plans to penetrate markets in Europe, the Middle East and North Africa, according to the press release.

By making cryptocurrency payments as straightforward and quick as traditional card payments, ivendPay aims to accelerate the adoption of cryptocurrency in daily life, the release said.

(Source: PYMNTS)