Business 10 October 2018

Paul How

Merchant-friendly GoByte Pay allows fee-less acceptance of crypto payments

Malaysia-based GoByte has launched its GoByte Pay mobile app that allows merchants to accept cryptocurrency without incurring fees.

The app, available on both the iOS App Store and Google Play for Android, is also designed for customers paying with their digital wallets. It also facilitates transfers between a user’s wallets, and provides an easy-to-view transaction history.

Among security features are Touch ID and Face ID options, in addition to password-protected accounts.

The app also provides synchronized access between desktop and mobile versions; QR code payments; live conversion of various currencies and displaying of one’s current balance in U.S. dollars; a built-in address book; and push notifications.

Currently, GoByte Pay supports GBX coin only. However, in an email to CoinGeek, the GoByte team confirmed they are working on integrating other cryptocurrencies, particularly Bitcoin BCH, on the platform. Other upcoming coins also include BTC, LTC, ETH, and XRP.

GoByte CEO Hisyam Nasir said, “GoByte’s mission is to be the leader in making cryptocurrency payments easier for users and merchants around the world, through the GoByte Pay platform.”

Nasir said development was still ongoing, noting, “We are developing a simple, powerful and adaptable platform which includes features that small and large businesses require to accept and process cryptocurrency payments.”

Brad Nickel, Adviser for GoByte, said in a blog post that the company will be implementing additional components, such as multi-currency compatibility, easy to implement shopping cart functions, and improving overall functionality of its apps already out on the market.

Developers of the app are working to improve integration with point-of-sale (POS) terminals, which would support random switching between addresses, audio-visual indication of payments made, and offline functionality.

GoByte has signed an agreement with retail management solutions firm iVend to have GoByte Pay installed in iVend’s POS systems located around the world.

The company also said it plans to issue cryptocurrency debit cards, ATMs, and POS terminals.

Apart from its mobile and desktop payment app, GoByte has a cryptocurrency GBX, said to be “an enhanced version” of Dash, as well as an online wallet.

This article has been updated to correct an earlier statement that GoByte Pay is already accepting Bitcoin BCH and other cryptos apart from GBX.

Note: Tokens on the Bitcoin Core (SegWit) chain are referenced as BTC coins; tokens on the Bitcoin Cash ABC chain are referenced as BCH, BCH-ABC or BAB coins.

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