In a recent announcement by Ty Schenk, co-founder of BrainBlocks on the announced on the firm’s Medium page the newly introduced Point of Sale system which allows merchants accept the Nano (NANO) Cryptocurrency conveniently without having to incur costs on specialized devices.
The New PoS System
The system mentioned above, as developed by BrainBlocks becomes the latest addition to the NANO community.
Shortly after the announcement, the new PoS system has been reported being used and so far has been efficient, giving merchants one more option of receiving the NANO cryptocurrency for goods or services from customers/clients at physical locations.
One of those confirmed to have tested the new system is Mike Doyle, CEO of KPI Gaming Group in a recent Twitter update shows his excitement on the new development as he tests it out:
Paying instantly with @nano $nano using @brain_blocks Point of Sale
Scan, confirm payment, done.
No waiting, no fees, no shenanigans pic.twitter.com/8ZeIo2LyNL
— Mike Doyle (@esmikedoyle) September 14, 2018
Hopefully, this development will bring a broader adoption of the NANO cryptocurrency which it truly deserves as it’s being used in real-world scenarios, creating a high demand for NANO which in turn increases the coin’s value.
Market Reaction
Amid bear domination in the cryptocurrency market, NANO, which is currently rated 24th by CoinMarketCap among world cryptocurrencies has seen considerable gains after the announcement.
Aside from the crypto token seeing a new use case; investors seem to be getting set for wide adoption hitting soon.
At the time of reporting, NANO’s price stands at $2.71 after a whopping 16.45% gain in the past 24hrs. The cryptocurrency has a circulating supply of 133.2 million coins and capped at $361.2 million. However, NANO still shows signs of significant gains ahead.
NANO PoS Application
As described by BrainBlocks, the new PoS system is simple to use. Unlike other PoS systems which require special devices, the BrainBlocks’ NANO PoS System can be accessed via PC monitors or mobile devices.
All that’s required by the merchant is to set up a NANO address, the desired fiat currency, and then tap on the “Create Payment” button to start accepting NANO. The PoS system can be accessed through this link.
The system currently supports over 30 world currencies with the possibility of more countries added soon.
This contribution doesn’t only give credit to NANO, but the cryptocurrency industry at large as the new virtual currencies continue to gain attention for what they were created to be.
