BitPay to support Ethereum in near term

Posted 17 September, 2019

On September 16, payment processing service provider BitPay announced that its customers will be able to use Ethereum cryptocurrency soon. The message indicates that companies using BitPay to process payments will be able to accept Ethereum for making purchases without the need for any integration or improvements. In addition, wallet owners will be able to store and use Ethereum in their BitPay wallet, and holders of Visa BitPay prepaid cards can replenish debit cards. 

The expansion of opportunities for Ethereum was commented by one of the Ethereum developers, Vitalik Buterin, who noted that BitPay is leading the process of 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,” he continued.'' - he said.

Representatives of BitPay noted that the amount of capitalization and the global coverage of the cryptocurrency Ethereum makes its adoption the right step to expand the scope of activities in the industry. 

''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.'' - BitPay CEO Stephen Para concluded.

It should be noted that the pair ETH-USD reacted positively to the message and amid general trading on the market, grew by $10 (+ 5%) and reached a key level of $200, around which it is currently trading at $198.

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