How do in-store purchases work?

 

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I'm familiar with trading Bitcoin on exchanges, but I've always been curious as to how in-store payments work (for example, buying a cup of coffee).

How does the retailer accept payment and verify that you have the funds? Do you need a card similar to eftpos? I didn't think Bitcoin was fast enough for an over the counter transaction.

Regards,

A Hodler.

submitted by /u/EliteDangerous72
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247 Bitcoin

Bitcoin & Crypto & NFT News

247 Bitcoin -1 Bitcoins -247 BTC - 1 Crypto - Kryptous

1 News - 247 News - 1 Search - 1 eBooks

 

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