Bitpay, a leading Bitcoin payment service provider, has announced a "multi-cryptocurrency" agreement for Bitpay traders. According to the official report, Bitpay traders can now pay off their payments in Bitcoin, Bitcoin Cash and in three stablecoins, namely FUSD, USDC and PAX.
A note from the official announcement via the Bitpay blog
We are now happy to share a new improvement: merchants can receive their BitPay settlements in up to five of these cryptocurrencies simultaneously, in addition to their local currency supported.
Further cryptocurrency settlement options in addition to BTC
Announcing the multi-cryptocurrency regulation, Bitpay has finally implemented its long-awaited feature. He extended the money-paying system in Bitcoin and four other digital coins to all Bitpay traders. Previously, Bitpay traders could receive settlements in Bitcoin (which is now the main cryptocurrency trading over $ 4000) and three stablecoins, namely FUSD, USDC and PAX. With the addition of BCH, Bitpay traders can register the settlement service in five cryptocurrencies.
The fourth largest cryptocurrency, Bitcoin Cash is the latest inclusion of Bitpay which was announced on August 29, 2018. Bitpay's previous announcement read it as follows;
We have worked hard to offer this new settlement option and close the payment cycle for merchants serving Bitcoin Cash customers.
At the time of printing, Bitcoin money, Bitcoin's hard fork is conveniently in fourth position after XRP. It is evaluating the total market capitalization of $ 2,829,482,744, trading at a value of $ 161.16 according to the Coinmarketcap data.
With the inclusion of multi-cryptocurrency regulation in Bitpay payments, traders can enjoy greater flexibility. In addition, the company also shared the first snip of how it resembles a multi-cryptocurrency for Bitpay payment;
Following the announcement of support for the "multi-cryptocurrency regulation", cryptography enthusiasts have asked Bitpay to also add Bitcoin SV. In addition, the blog also believes it adds "other valuable options" to Bitpay merchants and its customers. Those wishing to receive multi-cryptocurrency settlements can access their merchant's dashboard on the official Bitpay website and follow the steps outlined here.
What do you think? Will Bitpay add more cryptocurrencies to its chain of "multi-cryptocurrency" for merchants? Let us know your opinions.