Payment Platform Bitpay Adds Bitcoin Cash Settlement Services for merchant invoices and the company’s debit and credit cards. Bitpay
has always allowed settlement in BTC but has now added BCH for settlement.
Last wednesday, August 29 the firm Bitpay from Atlanta announced that its traders can now get hold of agreement in Bitcoin-Cash (BCH). From now on, not only can Bitpay merchants start accepting Bitcoin-Cash, but they also can split their account portfolio into a fraction of BCH and fiat as well.
Bitpay Aims to Make Accepting Blockchain Payments Easier
Given that bitcoin core (BTC) had severe troubles with scaling, which caused a rise of transactions fees above $50 per transaction last December, a bunch of merchants and groups that were accepting BTC in the past have turned over to BCH. Bitcoin-Cash fees have remained extremely cheap at $0.003/ transaction, giving many corporations and businesses a great economic incentive to turn from BTC to BCH. Last Spring Bitpay gave the option to pick either BCH or BTC for the process of invoice checkout.
On the service provider facet (merchants) Bitpay has continually allowed clients to settle in BTC, and now the company has introduced support so merchants can settle in BCH. Bitpay traders can settle for all of the payment funds in Bitcoin-Cash or they can select fiat settlement alternatively in their Local currency as a way to keep away from price volatility. Traders using bitpay’s settlement services can also get a fragment of fiat and a fragment of BCH as well.
The announceent pleased Bitcoin-Cash fans and started raving across Reddit forums and social media platforms. The company emphasized it just wants to make accepting payments easier, nothing more or nothing less:
We’re excited to continue our work to make the Bitpay platform the
best way to accept blockchain payments – and to accept payments,
“Most merchants do and will still do business in local currencies — But day by day more are starting to accept, hold and exchange digital currency, too, from making bill payments to managing their treasuries,” explains Bitpay during the announcement.