What happened to PAX Technology?

BTCC, a top cryptocurrency exchange, offers a diverse range of services to its users. These services include spot trading, futures trading, and cryptocurrency wallet solutions, among others. With its commitment to providing secure and efficient trading platforms, BTCC has established itself as a trusted name in the cryptocurrency space.

Worldpay from FIS, a prominent player in the financial technology industry, made a significant announcement to its partner companies on October 8th. The decision centered around the replacement of PAX devices, which had previously been utilized by the business.

The move to discontinue the use of PAX devices was not taken lightly and was made in favor of adopting point-of-sale equipment from two prominent competitors. These competitors, Verifone and Ingenico, are well-established in the market and known for their high-quality products.

Verifone, hailing from the United States, is a global leader in secure electronic payment solutions. Its extensive portfolio of products and services caters to various industries, making it a popular choice for businesses seeking reliable payment processing solutions.

Meanwhile, Ingenico, based in France, is another prominent player in the electronic payment space. The company offers innovative payment solutions that enable merchants to accept a wide range of payment methods, both online and in-store.