Explainers

CES 2020: SecurX Retail Solution Brings Adoption a Step Closer

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The ability to be able to quickly and easily pay retail stores in crypto while you’re out shopping has moved a step closer after SecurX unveiled its latest payment solution at CES 2020 in Las Vegas.

Blocks Decoded was on hand to chat with the company and see what all the fuss was about.

Of course, SecurX already has one of the best cross-platform crypto wallets in the world; however, its move into retail wallets highlights both the company’s growing strength and crypto’s increasing adoption in the high street economy.

Officially titled the “SecuX Cryptocurrency Retail Payment Solution,” the tech will allow brick and mortar stores to accept different crypto tokens into different wallets, all through a single app interface.

The tech has three parts. Firstly, there’s a white-label mobile app—it will support new and emerging tokens.

Secondly, there’s a payment terminal module. It can operate on a standalone basis, does not require an internet connection, and can connect to existing point-of-sale services/equipment,

Finally, there’s an optional hardware wallet with a military-grade Secure Element chip. The chip ensures the receiving address can only receive transfers from SecurX payment terminals; it prevents store owners from ending up with transfers from other sources. Naturally, for businesses, it’s a hugely important feature. Given how hard (if not impossible) it is to trace the origin of crypto payments, companies do not want to end up with unrecognized funds.

Of course, the company also had its V20, W20, and W10 hardware wallets on show. All three have color touchscreens, USB connectivity, and support for more than 1,000 coins and tokens.

What do you think about SecurX’s new tech? Is this the solution that could finally propel crypto payments into stores around the country? Let us know what you think in the comments below.

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Dan Price
Dan is the Managing Editor of Blocks Decoded. He has a background in both finance and technology and holds professional qualifications from the UK's Chartered Insurance Institute, including a Certificate in Discretionary Investment Management and a Diploma in Financial Planning. In his early career, Dan worked for more than five years as a private financial consultant, advising clients on investments, fund portfolios, and long-term savings. Today, Dan also writes for MakeUseOf. He started at the company in January 2014 and has gone on to hold several key positions in the organization.
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