Revel POS Bitcoin

San Francisco-based iPad point-of-sale (POS) solution provider Revel Systems announced on 11th February that its merchant customers can now accept bitcoins as payment.Founded in 2010, Revel Systems offers a range of POS solutions for quick-service restaurants, self-service kiosks, grocery stores and retail outlets, among other merchants. POS packages start at $3, 000 plus a monthly fee for an iPad, cash drawer and scanner.In a press release regarding the announcement, Revel Systems CTO and co-founder Chris Ciabarra explained his company's decision, stating:"As the standard in point-of-sale, we like to provide our customers with more ways to take advantage of consumer payment trends and supply a platform in which to take them, and that includes configuring our system to accept bitcoin."Ciabarra went on to say that Revel Systems believes that digital currencies are "the wave of the future, " and that its Revel app has been submitted to the Android and Apple app stores.Revel Systems partnered with Coinbase for the move, integrating its hardware and software solutions into its POS offering. Interested merchants will need to create their own wallets to connect to the Revel POS, a spokesperson said.

On top of industry trends

CEO and founder Lisa Falzone also commented on the news, suggesting that the move was proof that the company stays on top of industry trends and allows merchants to profit from these market changes.Falzone went on to suggest that merchant demand played a factor in the decision:"We like to give our clients options. We listen to their feature requests, and take those into account when releasing a new build.It's going to be a really good option for my clients to pay me, since most come in with smartphones, " Fong said.

A long-awaited decision

The formal announcement follows months of speculation that Revel Systems would soon incorporate bitcoin into its offerings. This December, Falzone projected that the rise of digital currency would be one of the defining trends of 2014.