34 Bytes LLC, a bitcoin point-of-sale (POS) solutions company, has announced that its new fully functional bitcoin POS terminals has entered the beta testing phase and the POS terminal will be available for free to the merchants taking part in the beta launch.
According to an official release, 34 Bytes’ bitcoin point-of-sale terminals are built to accept bitcoin transactions from any bitcoin wallet application. This can be achieved by scanning the QR code which is printed on the receipt generated by the terminal.
The digital currency received can later be transferred depending upon the preference by merchants to either Coinbase, an online bitcoin payment processor, or to a cold wallet. The company said that it will soon announce more back-end integration options to the product.
“We will provide the terminal for free (for the merchant to keep!) and we won’t charge processing fees for 6 weeks from the time of signup. All we are looking for in return is feedback on how the system works, ease of use, customer experience, etc. Currently, use of the terminal requires a merchant account with Coinbase, though we are working to expand the list of 3rd party services that are supported,” the website stated.
The POS terminals come with a built-in Wi-Fi. The merchants get complete control over their funds as the company does not have access to their private keys.
Those merchants who choose to be beta testers of the product can do so for free by participating in the ‘Free Bitcoin POS Terminal Contest’. This contest will receive submissions before midnight (PDT) on July 31st, 2016. The winners will be selected at random from the pool of entrants and will be contacted directly. The company will cover the cost of the POS terminal, shipping, and support to get the terminal live and operating.
The California-based 34 Bytes LLC is a startup that designs and develops bitcoin point-of-sale solutions to brick-and-mortar merchants and businesses. The company aims to widely improve the experience of in-person bitcoin payments, for both the merchant and the customer.