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| comment | | "parent_author":"",<br>"parent_permlink":"nitcoincash",<br>"author":"zeshanjaved",<br>"permlink":"mini-pos-launches-zero-confirmation-bitcoin-cash-point-of-sale-terminal",<br>"title":"Mini-POS Launches Zero Confirmation Bitcoin Cash Point-of-Sale Terminal",<br>"body":"### SOURCE OF POST [LINK (http:\/\/corneey.com\/wW8uNt)\nTECHNOLOGY\n**Just recently a development team from the UK has created a bitcoin cash (BCH) point-of-sale server which allows brick and mortar merchants to accept BCH as a form of payment in-store. The startup has started an initial pre-sale,<br> and BCH Mini-POS devices will begin shipping this summer.**\nhttps:\/\/news.bitcoin.com\/wp-content\/uploads\/2018\/03\/POScover-1068x1068.jpg\n# Mini-POS Allows Zero Confirmation BCH transactions In-Store\nThe decentralized cryptocurrency bitcoin cash (BCH) will soon have a point-of-sale (POS) server available for merchants running a business in physical locations. The [BCH Mini-POS (https:\/\/www.minipos.cash\/) is intended for small merchants and stores says the startup. Further,<br> the device is compatible with a web browser and also allows merchants to accept 0 confirmation BCH transactions in-store. Additionally,<br> the server solution is open source and its [codebase (https:\/\/github.com\/simon-v\/minipos) can be reviewed on Github. \n\n\u201cAlthough it is an internet-connected device,<br> at no point are any private keys stored within Mini-POS server,<br>\u201d explains the startup.\n> There are zero on-going costs when using Mini-POS server to accept Bitcoin Cash transactions. Unlike in the fiat world,<br> all transaction fees are paid for by the sender of the transaction i.e the customer,<br> not the merchant.\n\nhttps:\/\/news.bitcoin.com\/wp-content\/uploads\/2018\/03\/MiniPOS_Stand_1400x-696x696.jpg\n###### #The Mini-POS server and terminal package.\n# Settle in 10-15 Seconds\nIn order to use the Mini-POS system,<br> the merchant simply types the amount charged in the terminal application. The device server checks the live exchange rate with conversion rates in multiple local currencies. Following this,<br> the terminal displays an on-screen QR code tied to a generated BCH receiving address. The customer merely scans the QR and sends the payment to the merchant. Because the server accepts 0-confirmation transactions the process is very quick as the development team explains:\n> Approximately 10-15 seconds later,<br> once Mini-POS server has confirmed the 0 confirmation transaction is \u2018in the Bitcoin Cash mempool\u2019 via multiple sources,<br> the Mini-POS terminal displays a \u2018Payment Completed\u2019 window and completes the transaction as \u2018Finished\u2019,<br> before returning to the welcome page ready to process the next payment.\n\nhttps:\/\/news.bitcoin.com\/wp-content\/uploads\/2018\/03\/4_1024x1024.png\nThe machine has Wi-Fi and Bluetooth capabilities alongside an ethernet connection. The company has started its pre-sale,<br> and the Mini-POS server and cashier terminal kit is currently $200 USD. An additional Mini-POS terminal can be purchased for $75 while the standalone server is selling for $125. In September of 2018,<br> the development team plans to launch a wallet that allows fiat conversion and plans to outsource product manufacturing by October. The server and terminal system are currently being tested at a UK based store. \n\nWhat do you think about Mini-POS server? Let us know what you think about this product in the comments below.",<br>"json_metadata":" \"tags\":[\"nitcoincash\",<br>\"bitcoin\",<br>\"btc\",<br>\"mini-pos\",<br>\"crypto\" ,<br>\"image\":[\"https:\/\/news.bitcoin.com\/wp-content\/uploads\/2018\/03\/POScover-1068x1068.jpg\",<br>\"https:\/\/news.bitcoin.com\/wp-content\/uploads\/2018\/03\/MiniPOS_Stand_1400x-696x696.jpg\",<br>\"https:\/\/news.bitcoin.com\/wp-content\/uploads\/2018\/03\/4_1024x1024.png\" ,<br>\"links\":[\"http:\/\/corneey.com\/wW8uNt\",<br>\"https:\/\/www.minipos.cash\/\",<br>\"https:\/\/github.com\/simon-v\/minipos\" ,<br>\"app\":\"steemit\/0.1\",<br>\"format\":\"markdown\" " | | vote | "voter":"zeshanjaved",
"author":"zeshanjaved",
"permlink":"mini-pos-launches-zero-confirmation-bitcoin-cash-point-of-sale-terminal",
"weight":10000 |
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