August 4, 2020

BitPay Launches Ethereum Support in the coming weeks

BitPay Launches Ethereum Support in the coming weeks
BitPay will add support for Ethereum

BitPay Expands to Ethereum, Allowing Merchants Worldwide accept network currency, ether. The payment provider announced on September 16 that customers will be able to safely and in accordance with requirements accept currency in the coming weeks.

Ethereum will be available on BitPay

Users will have the opportunity to store ether in their BitPay wallets, and holders of Visa BitPay prepaid cards will be able to add their debit cards.

Stephen Para, CEO of BitPay, said in a statement that air integration was the "next logical choice" for the company.

Ether joins the payment mechanismBitPay, offering Bitcoin and Bitcoin Cash. The company also supports stable coin settlement using Circle CENTER USD Coin, Gemini Dollar and Paxos Standard coins in addition to 12 currencies and direct bank deposit in some countries.

The company reports that sellers such asMicrosoft, Newegg, Dish Networks, FanDuel and Avnet will be able to support the currency without any additional effort to integrate them. They will also be able to handle cross-border transactions.Transaction
- This is a financial term that means a logically meaningful operation that can only be carried out in full. In more detail.

According to company representatives, air support will appear very soon. However, the official launch date was not indicated in the announcement.

  • On August 26, BitPay blocked a transaction for $ 100,000 in cryptocurrency, which was designed to extinguish a fire in the forests of the Amazon.
  • Upcoming regulations force companiesthose involved in cryptocurrency, stop promoting their services in countries such as Germany, in this regard, BitPay announces the cessation of work in the country.