BitPay, a Bitcoin payment service provider, which initially facilitates over the billion’s worth of Bitcoin and Bitcoin Cash payment processing services for merchants coupled with stable coins annually, is planning to extend its services to Ethereum in the near future. The company announced today its clients and businesses will soon have the option to securely and compliantly accept Ether as a payment mechanism.
As mentioned in the press release, wallet users can store and use Ether in their BitPay wallets, in addition to allowing BitPay Prepaid Visa Cardholders to top up their debit cards. While businesses running BitPay payment method, including Microsoft, Newegg, Dish Networks, FanDuel can support Ether without any additional integration. This means users can use Ether to buy gift cards on the BitPay app, also to shop with BitPay Merchants.
Co-founder and creator of Ethereum, Vitalik Buterin, also shared his excitement, claiming that the integration of Ether into global payment solutions truly opens up a new world of possibilities for the coin’s ecosystem.
Speaking of the launch, CEO Stephen Pair concluded that Ethereum was the best selection, given that it is the second-largest cryptocurrency by market capitalization and operated by a vast number of well-known organizations.
As announced earlier, BitPay will bring Ethereum payments mainstream in the upcoming weeks. In the meantime, a specific date for the launch is yet to be declared by the company.
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A keen researcher who believes in enriching her knowledge. For Shuhada, the crypto world intrigues her sense and offers plenty of high delicious 'crypto cuisines'.