Toshiba VisualTouch is a complete point of sale system that provides the advanced POS functionality needed for business management. VisualTouch POS is used in the Hospitality, Food Service, Grocery, Retail and Concession industries with a combined install base of more than 6,000 unique customers and some customers having up to 1,600 locations each. VisualTouch will use BitPay’s POS-integration solutions to grow bitcoin acceptance through brick-and-mortar retail locations that may have not considered bitcoin acceptance in the past.
BitPay has over 30,000 clients including TigerDirect, The NBA’s Sacramento Kings, WorldPress, Virgin Galactic, Shopify and Gyft. BitPay’s dedication to developing the Bitcoin platform and ecosystem has resulted in the opportunity to work with established brands like Toshiba VisualTouch.
The Atlanta-based company has previously raised funding from Founders Fund, along with angel investors including WordPress’ Matt Mullenweg and bitcoin regulars Roger Ver and SecondMarket CEO Barry Silbert.
With BitPay’s previous funding round, the company’s financing tops the combined $26 million that Boston-based rival Circle has raised from Accel Partners, or the $31 million that San Francisco-based Coinbase raised from Andreessen Horowitz and Union Square Ventures or the $20 million round that Benchmark led for Xapo.