The giant Brazillian payment system company Cielo is now supporting Bitcoin and other crypto payments on its point-of-sale (PoS) devices. With this development, users can pay with crypto using QR codes on Cielo PoS devices. The firm operates around 1.4 million PoS machines covering 5,500 Brazillian municipalities.

These PoS devices generate QR codes that a user can scan using its smartphones to make payments. However, it’s mandatory for users to have an account with Uzzo or Criptohub for making payments. Uzzo and Criptohub are the network partners of Cielo. Bradesco, the partner bank of the firm is also supporting this new crypto payment service. Moreover, the firm aims to support crypto payments without PoS machines in October. This payment system will generate QR codes using a Cielo mobile app as an alternative, the source states.

Brazil’s such progressive steps always seem to get the best out of the cryptocurrencies and its technology. Recently, the Central Bank of Brazil (Bacen) has officially recognized Bitcoin and cryptocurrencies as assets and, indirectly, as a means of payment. Thus, it will use the guidelines of the IMF(International Monetary fund) to classify the crypto assets in the country.

Also, in July, the Brazilian city of Fortaleza got access to pay crypto for public transport. The newer payment options thus aim at attracting more users and reducing bureaucracy in the system.