Cryptocurrency Payments Processor BitPay Adds Support for Ether

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Cryptocurrency Payments Processor

Key cryptocurrency payments processor BitPay now has added support for Ether, the second-biggest cryptocurrency by market cap.

As per a media release on 16 September, firms which have subscribed to BitPay will be able to make payment in bitcoin ether, cash, bitcoin, as well as with a few stablecoins.

Launched in the year 2011, BitPay processes crypto and fiat payments in more than 200 countries. The cryptocurrency service provider has purportedly settled almost $3bn in payments over the years.

Talking about the new addition, Vitalik Buterin, the co-founder as well as creator of Ethereum said that it was fascinating to have BitPay integrating ether into worldwide payment systems. This opens a new doorof potentialities for the ether ecosystem, he continued.

To put it in simple words, Stephen Pair, the CEO of BitPay said that Ethereum was a logical choice because of its strong market base currently.

Ether is utilized by several companies and offers wide support for real-word use.

Previous week, the HKFP (Hong Kong Free Press) claimed that BitPay was delaying bitcoin donations towards the company.  HKFP, a free, non-profit online news website has been reporting about the present civil unrest prevailing in Hong Kong. BitPay is yet to respond back to these allegations.

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John Parker is a finance writer and journalist based in the Outer Banks, NC.

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