San Francisco's Revel Systems integrates Bitcoin transactions into POS platform

By VCPOST Staff Reporter

Feb 12, 2014 09:25 AM EST

Revel Systems has integrated Bitcoin transactions as an optional payment mode directly into its iPad-based point-of-sale platform together with PayPal, LevelUp, credit, and cash. Before, the firm's customers could only conduct Bitcoin transactions through third-party plugins, according to TechCrunch.

Revel co-founders Chris Ciabarra and Lisa Falzone said they proceeded with the integration to give their clients access to all the most recent payment methods. They also said Bitcoin has been requested by a number of its customers, the report explained.

Ciabarra said: "If you actually search 'Revel' and 'Bitcoin' prior to this release, you'll see a lot of our clients were already accepting it through our third-party access button. But it is double-entry. That's why we decided to create this integration so that it's single-entry and you don't have to worry about it. We had potential clients asking for a POS that could accept Bitcoin, so it's convincing new clients to come on board who aren't a Revel customer yet but who are using Bitcoin."

According to Ciabarra, the integration presents several advantages for retailers and merchants. These would include the absence of transaction charges and the absence of risk of uncleared payments, the report added.

Even if Bitcoin goes up or down, Ciabarra said Revel wants to give its customers all the payment methods that it can give. In the event that the Bitcoin sizzles, Revel could hit the jackpot by being the first POS provider to integrate the digital currency into its system, TechCrunch reported.

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