Ormeus Cash (OMC), an asset-backed virtual currency with a stable transactional price, has just announced its partnership with technology company COTI.
The companies announced a new “trustless” point of sale (POS) system, enabling merchants worldwide to accept cryptocurrency payments for goods and services.
Merchants hesitated to add crypto POS systems to their businesses due to high fees and slow transaction times,” an OMC company spokesperson said. “With the new OMC POS system, we’ve eliminated both fees and transaction times and improved the overall customer experience. It’s the dawn of a true global crypto payment gateway.
Some of the benefits of the POS system include expanded payment options, micropayment processing, secure and private payment networks, and full KYC and AML regulation.
Consumers can also choose to pay with cryptocurrency at a merchant who uses the OMC POS.