Brazil’s leading payment processor begins accepting bitcoin
Cielo, which operates 1.4 million point-of-sale devices and is a leading credit card provider in Brazil, is rolling out crypto payments.
Brazil’s biggest payment processor, Cielo, has unveiled support for cryptocurrencies, including bitcoin, on its 1.4 million point-of-sale devices throughout the country.
The news was unveiled at the annual Blockmaster cryptocurrency conference, reports Cointelegraph Brasil.
Users will be able to send crypto to devices via a QR code–users will need an account with Uzzo or Criptohub, Cielo’s network partners. From October, the company is planning to go one step further and accept crypto payments without the need for a point-of-sale device.
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As per the report, a mobile app, CieloPay, would be used to generate the QR code instead. The app, launching on October 14, will enable remote payments through applications such as WhatsApp and online stores.
Cielo president Paulo Caffarelli said that the company’s banking partners, Banco do Brasil and Bradesco Bradesco, are backing the new crypto payments offering.
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