Byte Federal announced the launch of Point of Sale System

PRNewswireApril 3, 20244 min

Byte Federal, a leading company in the global financial technologies space, is proud to announce the official launch of its point of sale (POS) system,¬†ByteConnect. This product launch marks a significant expansion of Byte Federal’s “fintech focused” services, showcasing a commitment to building a full suite of financial tools for economic freedom.

Lennart Lopin, Byte Federal co-founder and CTO, expressed the vision behind the innovation: “Sound money is essential for creators and inventors, driving societal progress. We’re excited to introduce¬†Bitcoin¬†to the world, a significant innovation that fosters freedom and encourages creativity among global communities.”

After a successful beta testing program, Byte Federal’s merchant POS system is now available throughout most of¬†the United States. In states where Byte Federal holds a Money Transmitter License (MTL) additional merchant services are being provided, with further expansion in the works as additional licenses are obtained.

The new merchant product suite includes a comprehensive API, a physical “handheld” POS device for retail locations, and a selection of digital e-commerce solutions. Byte Federal is excited to be a part of the next phase of¬†bitcoin¬†adoption.

“There is a long line of people eager for new tools that enable them to transact without the strangleholds of the legacy financial systems, and those are the tools we are building,” said¬†Michelle Weekley, Director of Product Development at Byte Federal.

The launch of Byte Federal’s merchant POS system is not just a milestone for the company, but also a significant development for the global¬†cryptocurrency¬†landscape.

Kenneth Shortrede, Senior Software Engineer at Byte Federal, commented on the global impact: “After seeing the challenges Argentine merchants face, from inflation to traditional payment issues like delays and high fees, highlights the need for a better system. A¬†decentralized¬†Bitcoin-based solution could enable faster, cheaper global transactions for merchants.”

Headquartered in Florida, Byte Federal has a dedicated team to provide expert integration assistance to merchants seeking to expand their payment options.

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