BitPay is recognized as the world’s largest blockchain payments provider who has made an announcement related to the cryptocurrency Ethereum (ETH). ETH can be accepted safely, securely, and compliantly by Bitpay customers soon. If a business uses BitPay for the purpose of payment processing, then the business will be able to accept ETH for the purpose of purchasing. The business doesn’t require any integration or enhancements. BitPay wallets can be used to store ETH. Debit cards can be topped up by BitPay Prepaid Visa Cardholders.
BitPay doesn’t only offer ETH in the form of a payment mechanism but also offers Bitcoin (BTC) and Bitcoin Cash (BCH) in the form of payment mechanisms. There is a settlement solution which businesses have. The solution doesn’t have any dependency on traditional bank wires. A stable coin settlement is provided by BitPay with Circle CENTRE USD Coin (USDC), Gemini Dollar (GUSD), and Paxos Standard token (PAX). It is provided in 12 currencies. The direct bank deposit is also provided by BitPay in more than 30 countries.
2015 is the year when the cryptocurrency Ethereum (ETH) was launched. Ethereum is recognized as a blockchain-based smart contract platform.
Developing countries-based businesses can perform the selling of cryptocurrency in established markets. Established markets-based businesses can perform the buying of cryptocurrency in developing countries. The displaying of prices are done on BitPay invoices in more than 100 currencies. The prices are calculated by BitPay. Settling in more than 200 countries can be done by BitPay. The initiation of a bank transfer is done the next business day while the settlement of a cryptocurrency is done the next day. The goal behind the invention of blockchain technology is to revolutionize the financial industry. Additional cryptocurrency support is being added continuously. Blockchain payments are advanced by BitPay globally. Payments are made faster, more secure, and less expensive by BitPay.
The blockchain payments provider BitPay was founded in the year 2011. It is also recognized as the pioneer and the most experienced company regarding BTC and blockchain payments. Cross border payments can be sent and received with the help of a suite of the products of BitPay. Digital assets can be managed using BitPay Wallet. They assets can be turned into dollars using BitPay Prepaid Visa® Card. North America, Europe, and South America are the places where Bitpay has its offices. Founders Fund, Index Ventures, and Aquiline Technology Growth are recognized as the leading investors from whom more than $70 million are raised by BitPay.
The support for the cryptocurrency Ethereum (ETH) seamlessly can be turned on by the existing merchants [Microsoft, Newegg, Dish Networks, FanDuel, and Avnet] of BitPay and there is no requirement for any additional integration for this. Going live with Ethereum support soon not only for BitPay merchants but also for BitPay wallet holders is a plan of BitPay, Globesnewswire reported.