Payments

LAToken teams with ivendPay, enabling crypto acceptance in vending machines

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January 7, 2022

LAToken, a cryptocurrency asset exchange, has integrated its token LA as a payment option to 150 outlets, including vending machines, cafes and stores, according to a press release. The crypto token partnered with ivendPay, a PoS terminal supplier which enables crypto payments for merchants in Asia and the Middle East.

Customers can pay merchants via QR code in a few clicks, while sellers can choose whether to receive payments in local fiat currency or in digital currencies.

LATokens are delivered to merchant's accounts within seconds on its LAchain blockchain and can be staked or exchanged to local or other currencies.

LAToken has more than 1.8 million active accounts, including over 1.1 million mobile app installs.

The ivendPay crypto payment system for vending machines, parking lots, electric cars, charging stations, mPoS terminals and online stores is available in Hong Kong, Singapore, Macau, Thailand, Mexico and Europe, and in Dubai as a pilot project.