Coinberry, a virtual currency platform, has partnered with Cyclebit, a merchant cryptocurrency company, to offer a cryptocurrency-to-retail payment processing solution or Canadians. The companies will help deliver point-of-sale transactions through cryptocurrency securely, according to a press release.

"We are always seeking innovative new ways to bring our customers trusted cryptocurrency and blockchain solutions that deliver exceptional value," Andrei Poliakov, co-founder and CEO of Coinberry, said in the release. "From our recent government partnerships, to enterprise, and now via retail payment processors, we believe leveraging our trusted technology backbone will continue to accelerate growth in the industry."

The companies also plan to deliver their solution for government municipalities and enterprises in addition to retailers, according to the release.