Nano Cryptocurrency Adopted by U.K. Point of Sale Specialists

Nano Cryptocurrency Adopted by U.K. Point of Sale Specialists

Leading electronic point of sale (EPoS) company Kappture have selected Nano (NANO) to become their first cryptocurrency payment option for their customer-facing terminals.

With a wide ranging presence in the U.K. – operating with the National Health Service, universities, sporting venues, energy providers and retail companies – Kappture provide a nationwide gateway through which Nano’s ultrafast and fee-less currency can be utilised.

Natural Use Cases

According to a recent Nano blog post, the collaboration with Kappture represents “…a significant step forward in the discovery of natural use cases of secure and decentralised cryptocurrency…”

In their latest Twitter post, Kappture explain that Nano was chosen ahead of other cryptocurrencies as it has the qualities needed for in-person payments. Whereas several other currencies maybe suitable for e-commerce transactions, Nano’s speed and low cost structure made it more attractive from a physical point of sale perspective.

A computer engineer at Qualcomm, Colin LeMahieu, launched Nano as a personal project in October 2015 under the initial name of RaiBlocks (XRB). There was no initial coin offering (ICO) however, and the currency was distributed through a faucet system where users could obtain an amount of NANO by completing captcha tasks.

This method of original distribution was certainly providential as it removed Nano from much of the subsequent regulatory uncertainty that has stalled the progress of many blockchain-related enterprises and allowed the Nano foundation to pursue their stated aim of making “…money more efficient for a more equal world.”

In a week where digital payment news from large players has dominated the blockchain space – with first Ripple (XRP) buying into MoneyGram closely followed by the soft launch of Facebook’s social-media based Libra project – Nano’s remarkable progress may not be fully recognised until Kappture’s customer-base begin to accept NANO transactions in Q3 this year.