March 28, 2024

BitPay paused accepting payments in Bitcoin for several hours

A large cryptocurrency payment operator BitPay disabled the ability to pay for goods and services for 3.5 hoursBitcoin due to network outages. At the moment, the service has been restored.

The information was confirmed by BitPay support service,reporting that the service was unavailable on December 23 from 21:00 to 00:35 Moscow time. However, the response from the support service was late - many users had already begun to speculate, including the complete cessation of Bitcoin support.

“You have a cool API service, but guys decidetheir problems. Stop using BitPay, I install btcpayserver. It's a shame when a “Bitcoin-based” service cannot even accept bitcoins as payments, ”wrote one of the users of the social network Twitter.

Let's remember that at the beginning of December BitPay addedsupport for stablecoins USD Coin (USDC), Gemini Dollar (GUSD) and Paxos Standard Token (PAX). The number of stores connected to the service exceeds 30,000. In addition, in the fall, BitPay passed an audit of the Service Organization Controls (SOC-2).

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