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BitPay, a bitcoin payment service provider, has announced that its merchants will now be able to receive a multi-cryptocurrency agreement. As per official report, the company has added support for Bitcoin Cash and three stablecoins, which include PAX, USDC and GUSD.
BitPay traders can now receive multi-cryptocurrency settlements The BitPay blog https://t.co/VXFIHwdnYv pic.twitter.com/DvxCWJQKJw
– BitPay (@BitPay) January 8, 2019
In total, BitPay now supports the settlements in five cryptocurrencies, in addition to the supported local currency. The report states that:
"In addition to Bitcoin (BTC), BitPay traders can receive settlements in Bitcoin Cash (BCH) and three stablecoins (GUSD, USDC and PAX) .We are now pleased to share a new improvement: merchants can receive their BitPay settlements in a maximum of five of these cryptocurrencies simultaneously, in addition to their local currency supported ".
Greater flexibility for BitPay traders
The addition of Bitcoin Cash and three stablecoin is undoubtedly a good move BitPay. This will not only offer traders flexibility, but the platform could also enjoy greater popularity, signing even more traders on its platform.
To show how the new features will work, BitPay has taken a look at the multi-currency settlement page, which shows all the coins added, including the local currency.
Bitcoin enthusiasts require the addition of Bitcoin SV
Although cryptocurrency enthusiasts have welcomed the BitPay move to support three stablecoin and Bitcoin Cash, many still believe that BitPay could also include the new coins, Bitcoin SV, which was a tough Bitcoin Cash bank. However, BitPay remains open to add more coins in the future.
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