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IOTA (MIOTA) to Be Accepted by Merchants via Apple Pay and Samsung Pay After New Partnership

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Thu, 03/21/2019 - 15:43
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  • Merchants who are still reluctant to accept cryptocurrencies will have no choice after Zeux rolls out its app in April. The London-based startup will allow its users to seamlessly pay for goods at brick-and-mortar stores with six different cryptocurrencies. IOTA was the latest cryptocurrency to be added by Zeux  

Cover image via U.Today
Contents

IOTA Foundation has just made an announcement about its collaboration with FCA-regulated fintech startup Zeux that will allow using MIOTA as a means of in-store payment with merchants that accept Apple Pay and Samsung Pay. Here’s the thing – merchants won’t even have to deal with crypto.  

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Doing wonders for adoption

Zexu, which is expected to launch this April on the European market, will merge traditional point-of-sale (POS) and cryptocurrencies. The startup is planning to onboard plenty of different merchants from the get-go.

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Those would like to use MIOTA for payments will have to choose it among all available options and activate Apple Pay and Samsung Pay against the merchant’s POS. MIOTA will be automatically deducted from the shopper’s wallet while the merchant receives fiat money.

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Five more coins

IOTA’s David Sønstebø claims that the partnership is ‘a big step forward’ for streamlining the mainstream adoption of digital assets since it combines the existing payment solutions with crypto. Zeux founder Frank Zhou shares this excitement while pointing out that IOTA’s Tangle is a very ‘promising’ technology.

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Apart from IOTA, Zeux also supports Bitcoin (BTC), Ethereum (ETH), Bitcoin SV (BSV), and Qtum (QTUM).

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.

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