CryptoProcessing by CoinsPaid pilots crypto payments for physical retail stores

Cryptocurrency payments are increasingly expanding beyond online platforms and entering traditional retail environments. New payment technologies are making it easier for brick-and-mortar stores to accept digital currencies while maintaining the reliability and security expected in modern payment systems.

As explained in an article on Cyprus Mail, CryptoProcessing by CoinsPaid — a leading European crypto payment gateway — has launched a closed pilot program designed to introduce cryptocurrency payments into physical retail locations. The initiative is currently being tested in Estonia and uses Flowgate’s technology, a suite of point-of-sale (POS) payment solutions designed for accepting crypto directly in stores.

The pilot program is being rolled out with a small group of merchants. The first installation will take place at Kuldan, an Estonian jewelry retailer that will test how cryptocurrency payments can function in everyday retail transactions.

Expanding crypto payments beyond online commerce

Cryptocurrency adoption has grown rapidly in online businesses, but physical retail environments have historically been slower to implement digital currency payments. Technical complexity and concerns around settlement and compliance have often slowed adoption.

The new POS solution from CryptoProcessing by CoinsPaid aims to simplify this process. Customers can pay using various cryptocurrencies, while merchants retain full control over how payments are settled. Businesses can choose to receive funds in cryptocurrency directly to their wallets or convert them instantly into fiat currency that can be transferred to a bank account through SEPA or SWIFT.

This flexible settlement model allows merchants to test cryptocurrency payments without making major changes to their existing checkout systems.

Flexible POS integration for retail businesses

The payment solution is designed to work with different types of retail infrastructure. Merchants can deploy traditional POS terminals that support cryptocurrency payments, implement SoftPOS technology that turns smartphones into payment devices, or enable QR-code payments for mobile wallets.

For businesses with advanced retail systems, API integration allows crypto payments to be incorporated directly into existing payment environments. This flexibility makes the solution suitable for both small retailers and larger companies operating multiple store locations.

The system can also scale easily. A retailer may begin with a single-store pilot and expand to multiple locations if the solution proves effective.

Benefits for merchants and customers

One of the key advantages of crypto payments in retail is the elimination of chargebacks. Unlike traditional card payments, blockchain-based transactions are final once confirmed. This reduces payment disputes and administrative overhead for merchants.

Another benefit is transaction speed. CryptoProcessing by CoinsPaid offers fast confirmations and continuous processing, allowing payments to be handled around the clock.

According to Vadzim Nikifarau, POS Business Manager at CoinsPaid, the company sees growing interest from merchants exploring cryptocurrency payments as a way to expand their customer base.

“Crypto payments are becoming a practical tool for retail businesses, not only for online stores,” Nikifarau said. “Many merchants are looking for new ways to attract customers and diversify their payment options.”

Security, compliance, and transaction transparency

Security and regulatory compliance are key components of the system. CryptoProcessing by CoinsPaid operates as a licensed provider in Estonia and follows strict compliance procedures.

Merchants undergo AML (Anti-Money Laundering) and KYC (Know Your Customer) verification during onboarding, while ongoing transaction monitoring helps identify potential risks.

Each transaction processed through the platform is verified and traceable on the blockchain. This transparency can provide additional assurance for merchants and customers while reducing the risks associated with payment fraud.

Flowgate technology supporting the pilot

The POS functionality used in the pilot program is powered by Flowgate, a provider of in-store crypto payment infrastructure. Flowgate’s technology includes payment terminals, SoftPOS solutions, QR-based payment tools, and API integrations that connect with existing retail checkout systems.

These tools are designed for various industries including retail, hospitality, travel, beauty services, and luxury goods. The system allows merchants to implement crypto payment capabilities quickly, often within days.

Another important feature is the option for merchants to choose how they receive settlement funds, helping businesses manage potential volatility associated with cryptocurrencies.

A step toward mainstream crypto adoption

CryptoProcessing by CoinsPaid has already processed more than $29 billion in payments globally and continues to develop infrastructure for businesses interested in accepting cryptocurrency.

By introducing solutions that work in physical retail environments, the company aims to bridge the gap between digital assets and everyday consumer transactions.

If the pilot program in Estonia proves successful, similar implementations may expand to additional retailers and markets, potentially accelerating the integration of cryptocurrency payments into the global retail ecosystem.