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Lavu established cooperation with Verifone on May 19th, 2022, to provide crypto-focused payment solutions. Around 65 nations will benefit from the arrangement, which will provide a diverse range of restaurant payment choices. Thousands of establishments may now take cryptocurrency payments with ease.

Lavu has teamed up with Verifone

Lavu announced their new relationship with Verifone in a news release. The cooperation aims to broaden Lavu’s reach and increase its capacity to accept various payment methods. According to the press release, the Verifone Engage e285 device with Lavus POS solutions is the first product to be released as part of the agreement.

According to Tim O’Loughlin, President and EVP of Verifone, This new relationship is also interesting. According to Tim, the goal is to give restaurant merchants an unrivaled end-to-end experience by merging the restaurant POS system with Verifone payment solutions.

Addressing the demand for more flexible payment methods

The present desire for additional payment methods, according to Mr. Khatri and Tim, is the cornerstone of this new partnership. Mr. Khatri pointed out that customer demand for cardless, contactless, and flexible payment solutions has exploded in the last two years.

According to Tim, dining restaurants have shown a strong need for new payment acceptance choices. Consumer trust in digital wallets is already increasing, according to him.

Customers of Lavu and Verifone will have access to various payment alternatives, including Alipay, Affirm, Paypal, WeChat pay, Venmo, Swish, Vipps, Klarna, and cryptocurrencies, according to a news release from Business Wire. Bitcoin, Ethereum, Litecoin, Shiba Inu, certain USD stablecoins, and Dogecoins are among the cryptocurrencies enabled by this new cooperation, all traveling via well-known wallets.

This strategic alliance intends to improve the restaurant business with a very intuitive PoS and outstanding payment experience for the typical user. Restaurants will be able to respond to evolving consumer demands for digital payment solutions by merging Verifone’s advanced payment choices with Luva’s technology. Consumers will find the payment process to be rather simple. The consumer selects their preferred payment method and pays using only their cell phone.

Crypto acceptance by institutions

Cryptocurrency is steadily gaining institutional acceptance in various areas, including sports, retail, and restaurants. Large payment networks like PayPal also support crypto payment alternatives. To take the blockchain world mainstream, such institutional crypto acceptance is required.

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