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Bitpay has Announced Support for Ethereum

Bitpay has announced support for Ethereum, in report that indicated that the global Blockchain payments provider will now soon be able to safely, securely, and reliantly accept Ethereum.

According to the announcement, businesses that use Bitpay will now be able to accept Ethereum for purchases without the need for any integration or enhancements. Wallet users will also be able to store and use Ethereum in a Bitpay wallet and Bitpay prepaid Visa Card can top up debit cards.

“BitPay is consistently at the forefront of using cryptocurrency to solve real-world problems and offer our global customers the best options to accept and pay with multiple Blockchain assets,” said Stephen Pair, CEO of BitPay. “As one of the largest crypto currencies by market cap and one used by thousands of companies, Ethereum is the next logical choice.”

Bitpay will not just be offering Ethereum as a payment mechanism to businesses; it will also be offering Bitcoin and Bitcoin cash. These businesses will also have another payment solution that does not involve traditional bank wires. Bitpay also offers stable coin settlement with Circle CENTRE USD/COIN (USDC), Gemini Dollar (GUSD), and Paxos Standard token (PAX) as well as in 12 currencies and direct bank deposit in 37 countries.

Bitpay has a great way of linking up businesses and consumers from established markets and developing markets. Businesses in developing countries can sell to established markets while businesses in established markets can accept crypto payments from consumers in developing markets. Bitpay helps with this by calculating prices displayed on Bitpay invoices in 150 currencies and can settle in over 200 countries.

Ethereum co-founder Vitalik Buterin, expressed delight in the news that Bitpay had taken Ethereum to help in global payments.

“It is exciting to see BitPay leading the way in integrating Ethereum into global payment systems, this truly opens up a new world of possibilities for the Ethereum ecosystem, and together we can continue to be a leading innovator for real world use cases for cryptocurrencies.”

Having been founded in 2011, Bitpay remains the most experienced company when it comes to Bitcoin and Blockchain payments. Its consistency in adding more crypto support show its commitment to advance global payments on a global scale, making payments faster, less expensive, more secure, and less expensive.

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