The latest rollout by NectarPay will bring non-custodial terminals to merchants, cutting out card network fees.
Cryptocurrency payment platform NectarPay will be deploying 11,000 crypto-native point-of-sale terminals to merchants across Texas. The rollout builds on an initial deployment already underway in the Dallas-Fort Worth area with the first 1,000 terminals.
The crypto payment terminals give merchants a way to accept cryptocurrency directly from customers without the fees charged by traditional card networks like Visa and Mastercard. Instead, transactions are made on the TEXITcoin chain.
According to NectarPay, the devices are designed for simplicity, from standard point-of-sale systems to compact tap-to-pay hardware for single-item transactions. Additionally, the rollout also includes a consumer rewards programme that operates on a TEXITcoin Layer-2 network.
Bobby Gray, founder of TEXITcoin, said: “Rolling out 11,000 terminals across Texas means thousands of local businesses can start accepting crypto the same way they accept any other form of payment, with none of the fees and none of the friction. This is what honest, usable money looks like in practice.”
NectarPay is building out its sales organisation to support expansion into additional markets within the US.
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