Lavu and Verifone to Accept Crypto Payments at Restaurants in 65 Countries

Lavu and Verifone have launched a new cooperation in which bitcoins will be accepted at thousands of restaurants in over 65 countries. A new cross-distribution relationship has been launched between Lavu, a global restaurant software and payments solution provider, and Verifone, a payment solution provider, which will benefit both Lavu and Verifone clients.

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Increased Crypto Adoption

Verifone and Lavu customers will benefit from a unified point of sale and payment experience, including cryptocurrency. With Bitcoin, Ethereum, Litecoin, and Shiba Inu stablecoins as possibilities, both groups of consumers can pay for goods and services using crypto wallets and other payment systems such as PayPal and Venmo.

The Verifone terminal enables customers to select their chosen advanced payment method and complete their purchase using their mobile smartphone. Lavu's restaurant partners are located in over 65 countries, and customers are familiar with 35 million Verifone devices in over 150 countries. This comes after the president of the European Central Bank attacked cryptocurrency.

Christine Lagarde, President of the European Central Bank (ECB), has stated that bitcoin is worth "nothing." It was stated that digital currencies are fraught with speculation and risk. According to Lagarde, coins like Bitcoin are being used for "reprehensible" money laundering activities. The well-known French financier and politician is advocating for tighter EU cryptocurrency legislation. Fabio Panetta, an ECB executive board member, suggested earlier this month that a digital euro may be delivered within four years. He believes central banks must do more to meet the increased demand for non-cash payments. Despite broad adoption of cryptocurrency, central banks remain doubtful.