JUST IN: BitPay to Offer Ethereum as Payment Option Along with Bitcoin and Bitcoin Cash 

Libra Coin News
Mon, 09/16/2019 - 15:39
Alex Dovbnya
BitPay has announced that it’s going live with Ethereum payments in the coming weeks  
Cover image via 123rf.com

According to a press release that was shared with U.Today, cryptocurrency payment provider BitPay has announced Monday that its customers will soon be able to accept Ethereum, the second largest cryptocurrency by market capitalization.

Ethereum will also become available for the users of the BitPay wallet and the company’s debit card, which currently only supports Bitcoin and Bitcoin Cash (along with a basket of stablecoins).

While commenting on the new addition, BitPay CEO Stephen Pair states that Ethereum was “the next logical choice” for them given that the top altcoin is already used by thousands of other companies.

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.”

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Ethereum creator Vitalik Buterin shared Pair’s excitement, claiming that that the integration of ETH into the global payment system opens up “a new world of possibilities” for the coin’s ecosystem.

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."

BitPay, which was founded back in 2011, became a trailblazer in the realm of cryptocurrency payments. As of now, the company boasts such huge clients as Microsoft and Newegg.

However, the company was recently under fire for suspending Bitcoin donations to Hong Kong Free Press.

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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