The payment solution BitPay will soon start accepting Ethereum, which is the second largest cryptocurrency by market capitalization. As the latest cryptocurrency news show, BitPay now lets merchants accept Ether (ETH) after an announcement from the company which went live yesterday.
With BitPay, the subscribing businesses will be able to pay in Bitcoin (BTC), Bitcoin Cash (BCH) and Ether (ETH) along with a handful of other stablecoins. For those of you who were not following our Bitcoin and altcoin news before, BitPay launched in 2011 as a solution which settles both fiat and crypto payments in more than 200 countries.
The co-founder and creator of Ethereum found out that BitPay now lets merchants accept ETH and decided to make a statement. Vitalik Buterin, known for his wisdom and continuous development of Ethereum, said that it was exciting to see BitPay “leading the way in integrating ethereum into global payment systems.”
“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,” Buterin added.
The company said that it often reviews potential cryptocurrencies for addition. As many best cryptocurrency news sites reported:
“BitPay regularly evaluates blockchains and cryptocurrencies to support the company’s goals of making it easy to send and receive payments for goods and services globally. We selected ethereum as it has broad support for real-world applications and is widely adopted.”
The news that BitPay now lets merchants accept ETH spread like wildfire on many news sites. The CEO of BitPay Stephen Pair was also in the coming altcoin news. As he stated, Ethereum was the next logical choice due to its current market base.
“As one of the largest cryptocurrencies by market cap and one used by thousands of companies, Ethereum is the next logical choice,” he concluded.
Last week, the Hong Kong Free Press (HKFP) claimed that BitPay was holding up the Bitcoin donations to the organization. As a non-profit news organization, the HKPF has been covering the civil unrest in the Chinese city. However, we still await an official response from BitPay concerning these allegations.
All in all, the news that BitPay now lets merchants accept ETH is good for both the payment solution and the cryptocurrency, both of which are continuously evolving.
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Stefan has been writing articles for DCForecasts since 2016 in-house full time. As one of our main cryptocurrency writers, he focuses on covering the latest cryptocurrency news, technical charts, price analyses of coins and press releases. When he is not exploring and covering the latest topics in crypto, you can find Stefan playing basketball, tennis or cycling.
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