Fun

Cryptocurrency Payment Gateway Gocrypto Onboards 1,000 Locations Worldwide

News Feed - 2020-03-02 10:03:19

Cryptocurrency Payment Gateway Gocrypto Onboards 1,000 Locations Worldwide


On February 28, Gocrypto CEO Dejan Roljic revealed the payment gateway has officially onboarded 1,000 merchant locations during a recent company update that expanded upon the firm’s growth. Roljic also explained Gocrypto now has several locations in five countries and the company recently started expanding into South America in November 2019. The Latin American expansion means Gocrypto will be open in 13 new markets and the team hopes to onboard as many stores in the region as possible.


Also read:MTV Airs Only the Negative Parts of Crypto Youtuber ‘Ya Girl’ Rachel Siegel’s Bitcoin Analysis 1,000 Locations and International Expansion


The payment gateway Gocrypto has been making strides toward cryptocurrency adoption and this week the firm’s CEO Dejan Roljic announced the team has onboarded 1,000 locations worldwide. News.Bitcoin.com first reported on Gocrypto in June 2018, when the business helped create a “genuine Bitcoin City” within the confines of Slovenia’s largest shopping center.



Slovenia is Gocrypto’s home base and after the launch of Bitcoin City, the company continued to make headway onboarding merchants throughout the country. Last year, news.Bitcoin.com explained that Slovenia has the most BCH-accepting physical locations worldwide and this was fueled by Gocrypto’s efforts. Roljic’s CEO update on Friday not only announced that Gocrypto has captured 1,000 locations worldwide, but the firm has been expanding internationally.


“We entered Croatia in May 2019 and continued our expansion to Switzerland, Hungary and Bulgaria,” Roljic wrote. “Gocrypto is also available for customers in the United Kingdom, Czechia, Slovakia, Romania, and Portugal.” Gocrypto is responsible for a massive amount of physical merchants in Slovenia and Croatia. The map here stems from Bitcoin.com’s Bitcoin Cash Map (Map.Bitcoin.com) which shows all the bitcoin cash-accepting merchants worldwide. Gocrypto’s payment gateway accepts a few cryptocurrencies (BCH, BTC, ETH) and the company’s GoC token as a payment option.


Roljic further highlighted that Gocrypto is now present in South America and the company recently partnered with Xpay.cash. “[The startup Xpay] is a partner provider of easy crypto payments [and is] successfully growing its presence in Columbia and Venezuela,” Roljic’s update explained. “150 locations strong, they are also planning on expanding to other South American countries.” The Gocrypto CEO said that now that the firm has legal approval in the region, the company plans to “boost these markets with a systematic approach.” Roljic stated: Our SWAT mobile sales teams will open up to 13 new markets; in each, the goal is to onboard 20–50 stores to start accepting Gocrypto payments, launch the ambassador program and acquire as many PSPs as possible. Gocrypto Plans to Upgrade the Merchant Dashboard and Offer New Point-of-Sale Terminals


Additionally, Roljic revealed that a new merchant dashboard is being constructed and soon merchants can become a crypto exchange by leveraging the firm’s hardware point-of-sale (PoS) terminals. A preview of the new Gocrypto merchant dashboard.


“We are in the final stage of testing our own physical PoS terminals that will enable merchants to buy and sell selected cryptocurrencies as well as to accept crypto payments,” Roljic stressed. Lastly, the firm is also in the midst of attempting to obtain a license for financial services from the central bank. Roljic conceded that the project is “demanding” but will represent “a big step forward in the crypto industry.” Gocrypto has plans to launch a physical hardware PoS terminal. At present, Gocrypto is finalizing the product and the company hopes to see every merchant become their own crypto exchange.


Roljic added that Gocrypto wants to conquer the world, and in the future they can envision every merchant having the ability to become their own exchange by being able to sell digital currencies at the counter. The Slovenia-based firm is also currently talking with companies worldwide that manage “millions of physical merchants” and the firm aims to integrate Gocrypto into their point-of-sale (PoS) or cashier systems.


What do you think about Gocrypto’s expansion and the 1,000 locations the company has onboarded to-date? Let us know what you think about this subject in the comments section below.


Image credits: Shutterstock, Pixabay, Map.Bitcoin.com, Fair Use, and Gocrypto.


Want to create your own secure cold storage paper wallet? Check our toolssection. You can also enjoy the easiest way to buy Bitcoin online with us. Download your free Bitcoin wallet and head to our Purchase Bitcoin pagewhere you can buy BCH and BTCsecurely. Share this story: Tags in this story 1000 locations, BCH, bitcoin cash, BTC, Bulgaria, cashier systems, croatia, Czechia, Dejan Roljic, ETH, GOC, GoC Token, Gocrypto, Hardware PoS, Hungary, Latin America, Merchant Adoption, Merchant Dashboard, Point of Sale, Portugal, PoS, Romania, Slovakia, slovenia, South America, Switzerland, systematic approach, United Kingdom, Xpay Related Cryptocurrency Could Kill Bank Lending, Warns Bank of England Deputy Governor NEWS | Kevin Helms


In the cryptocurrency economy, the supply of credit through the banking system could disappear, warned Bank of England Deputy Governor… read more. Bitcartcc"s Merchant Solution: Developer Builds Self-Hosted Btcpay Alternative Supporting Bitcoin Cash NEWS | Jamie Redman


On February 28, Bitcoin Cash (BCH) proponents were introduced to a new platform called Bitcartcc. The project is a self-hosted… read more. Jamie Redman


Jamie Redman is a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open source code, and decentralized applications. Redman has written thousands of articles for news.Bitcoin.com about the disruptive protocols emerging today. Please enable JavaScript to view the comments powered by Disqus.

News Feed

Prosecutors want $11B judgment, 40-50 years in prison for Sam Bankman-Fried
Derek Andersen1 hour agoProsecutors want $11B judgment, 40-50 years in prison for Sam Bankman-FriedSam Bankman-Fried asked for a maximum sentence of six and a half years, but he could have gotten over 100 years.388 Total
Central Bank of Brazil Director States Government Will Know ‘Everything You Have in Bitcoin’
Central Bank of Brazil Director States Government Will Know "Everything You Have in Bitcoin" Mauricio Moura, a current director of the Central Bank of Brazil, stated that anonymity
Ethereum Eyes Key Support At $2,350 — Price Surge To Follow?
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Marcel Pechman9 hours agoCan Bitcoin repeat a 2017-like rally as dollar correlation reverses?The U.S. Dollar Index disconnecting from Bitcoin does not necessarily mean that the BTC price is about to experience a big rall
Zhiyuan Sun4 hours agoBitstamp to suspend trading of major altcoins for US usersAll the soon-to-be-suspended tokens are alleged by the SEC to be securities in its lawsuit against Coinbase and Binance.1735 Total views34 T
Rap Star Snoop Dogg Believes Crypto Industry Will Bounce Back — Crash ‘Weeded’ Out Bad Apples
Rap Star Snoop Dogg Believes Crypto Industry Will Bounce Back — Crash "Weeded’ Out Bad Apples This week, the rapper Snoop Dogg spoke about the crypto crash in an interview with
Paypal’s Crypto Embrace: Morgan Stanley Says Move Boon for Mass Adoption, Critics Say Payment Giant Violates Crypto Principles
Paypal"s Crypto Embrace: Morgan Stanley Says Move Boon for Mass Adoption, Critics Say Payment Giant Violates Crypto Principles The entry of Paypal into the crypt
Elon Musk Says Starlink Will Not Censor Russian News Sources Despite Government Requests
Elon Musk Says Starlink Will Not Censor Russian News Sources Despite Government Requests Spacex CEO Elon Musk says that Starlink has been told by some governments to block Russian
Sushiswap Creator Returns $14 Million After Community Cries Exit Scam
Sushiswap Creator Returns $14 Million After Community Cries Exit ScamOne week after the Sushiswap creator was accused of an exit scam, he has returned all of the coins he cashed out
Cash App Introduces Paid in Bitcoin, BTC Roundup and Lightning Network Services
Cash App Introduces Paid in Bitcoin, BTC Roundup and Lightning Network Services At the Bitcoin 2022 conference in Miami, Block, Inc., formerly Square, Inc., announced three new bit
KPMG in Canada Makes First Direct Crypto Investment — Adds Bitcoin, Ether to Corporate Treasury
KPMG in Canada Makes First Direct Crypto Investment — Adds Bitcoin, Ether to Corporate Treasury KPMG in Canada has added bitcoin and ether to its corporate treasury in what the c
Ericsson: 5G Tech a Gateway to the Metaverse
Ericsson: 5G Tech a Gateway to the Metaverse Ericsson, the Swedish telecom hardware and services company, has linked the use of new technologies, such as 5G, with the use of metave