Cyclebit provides a comprehensive payment ecosystem bridging traditional fiat and cryptocurrency transactions for businesses of all sizes.
Cycle POS — All-in-one POS terminals (Cycle POS 5 and Cycle POS 5 Plus) that accept bank cards, cash, and cryptocurrencies. Includes built-in receipt printer, 2D scanner, NFC, and cloud-based management software for inventory, orders, employee roles, and sales reporting.
Cycle Card — Contactless cold-storage crypto wallet cards powered by Tangem technology. Customers can pay with BTC, ETH, USDT and more by tapping at a Cycle POS terminal. Merchants earn additional revenue from topping up customers' cards.
Cycle Online — E-commerce payment gateway for accepting cryptocurrency payments on websites. Features multi-currency support, volatility protection with locked-in exchange rates, and next-business-day bank settlement with no hidden fees at 0.5% processing.
Security — All payment data is encrypted to PCI DSS standards. Cryptocurrency transactions undergo AML and KYC processing in compliance with AML/CTF regulations.
Pros
- All cryptocurrency payments are processed with PCI DSS encryption, AML/KYC compliance, and AML/CTF regulatory alignment via Crystal blockchain partnership.
- Merchants can sell cryptocurrency directly in-store alongside goods and services, creating an additional revenue stream without needing to buy initial crypto stock.
- Proven scale with 15 million transactions processed monthly, $3.8 billion annual card turnover, and 200,000+ terminals deployed globally across Eastern Europe, EU, Southeast Asia, and North America.
- All-in-one POS terminal that accepts bank cards, cash, and cryptocurrencies on a single device with built-in receipt printer, 2D scanner, and NFC contactless capability.
- Cycle Card powered by Tangem cold-storage technology enables secure contactless crypto payments by simply tapping at the POS terminal.
- Cycle Online e-commerce gateway locks in exchange rates at the time of transaction, eliminating cryptocurrency volatility risk for merchants.
Cons
- POS terminals run on older Android versions (5.1 Lollipop and 6.0 Marshmallow) which are no longer receiving security patches from Google.
- Geographic presence is heavily concentrated in Eastern Europe and parts of Southeast Asia, with limited availability and support infrastructure in North America and other major markets.
- The base Cycle POS 5 model lacks EMV chip and magnetic stripe card readers, limiting its fiat card acceptance to NFC/contactless only.
- Supports only a limited selection of cryptocurrencies compared to competitors that offer 50–350+ coins for payment acceptance.
- The Cycle Dashboard cloud management tool is listed as "coming soon," meaning an integrated 360-degree business analytics view is not yet available.