
During the last couple years cryptocurrency owners have become a massive target audience for merchants and retailers around the world. This is not surprising: in Q3 2019 the number of registered Bitcoin wallets exceeded 42 million, while the usage of cryptocurrency in several countries reached up to 20% of the entire population.
As the result, a lot of merchants and online service providers have started to cater for this rapidly growing audience. Thousands of companies worldwide are already accepting Bitcoin as a payment method or getting ready to do so, including U.S. online retail giant Overstock, KFC Canada, Starbucks and Whole Foods, Microsoft and over 25,000 retail stores across France starting from 2020.
This list keeps growing as the world slowly moves towards universal adoption of cryptocurrencies. Accepting crypto payments for your goods or services today is an easy way to enhance your business and gain a strong competitive advantage, accessing this large pool of capital worldwide.
With GeniePay, it is easier than ever.
What is GeniePay
GeniePay offers a variety of payment solutions for SMEs and microbusinesses to instantly start accepting cryptocurrency payments. We’re building an ecosystem for the next generation of internet, designed to facilitate “on-chain” payments both online and offline.
The Lightning Network technology behind GeniePay enables businesses to accept bitcoin instantly with extremely low transaction fees. Stablecoin settlements and assured-value transactions enable merchants to enjoy all the benefits of crypto payments minus the volatility.
GeniePay ecosystem consists of three core products:
- PoS terminal
- E-wallet (the GeniePay App)
- Online Merchant Payments System
Together, it allows you to accept cryptocurrency from your customers in a rapid-fire and seamless way.
Let’s take a look at these features one by one:
PoS terminal

GeniePay Point of Sale (PoS) terminal is a device that enables cryptocurrency payments at retail locations. It can be easily integrated in the majority of business infrastructures — with zero fees.
An NFC chip reader embedded into the top of the terminal enables for contactless payments: customer simply needs to touch their payment card or NFC-enabled mobile phone to the terminal to make a payment. The device communicates with GeniePay wallets in real time.
The large display enables merchants and their employees to set up and manage payments quickly and easily. All completed payments appear instantly on the terminal’s screen, a receipt can be sent to the customer via email or printed.
All data syncs instantly with GeniePay Merchant Payments System, appearing on the Merchant Dashboard.
GeniePay App and e-wallet

User-friendly GeniePay Wallet goes one step further from popular mass market e-wallets like Samsung Pay, Apple Pay, and Revolut.
Alongside with bank cards, users can add store any digital currencies in the app. Combined with GeniePay’s exchange integrations, this creates streamlined financial management and fiat-crypto/crypto-fiat interoperability.
GeniePay Wallet is secure by design: private keys are stored in encrypted containers on the user’s device and can only be decrypted with a personal seed phrase.
On top of that, it is very easy and pleasant to use.
GeniePay Merchant Payment System
In the age of rapid growth of e-commerce, businesses need a secure and reliable way to accept and track online payments. This is no different when it comes to payments in crypto.
There are few solutions that fit the needs of online merchants ready to accept crypto payments. None of them provide a dashboard that displays both fiat and crypto transactions all in one place. Up until now.
GeniePay Merchant Payment System is a fully customizable solution for online retail businesses to efficiently handle their fiat and crypto payment operations in a single window mode.
- QR code and card payment support
Clients can make online payments with any crypto or fiat currency by scanning a QR code, or via secure card payment form integrated into the merchant’s online order page.
- Intuitive merchant dashboard
An easy-to-use interface enables merchants to view and track online payments and orders.
- Reduced volatility with stablecoins
Merchant Payment System enables users to implement highly customizable withdrawal and conversion strategies to mitigate volatility and negative liquidity risks of accepting cryptocurrencies.
Cryptocurrency assets can be exchanged to stablecoins or fiat money. This procedure can be carried out on demand or according to a pre-configured schedule or threshold.
GeniePay alpha release is scheduled for 31st December 2019, with many integrations and partnerships planned for 2020.
GeniePay goes live — and we will keep you updated from now on!
Got any questions? Reach out at a@geniepay.io
