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The BitPay payment solution will soon accept Ethereum, the second largest market-cap crypto-currency, according to a company announcement today. With BitPay, subscribing companies will be able to pay in bitcoins, bitcoins and ether, as well as a handful of banknotes.
Launched in 2011, BitPay regulates both direct and encrypted payments in more than 200 countries.
Vitalik Buterin, co-founder and founder of Ethereum, said it was exciting to see BitPay "leading the way in integrating Ethereum into global payment systems".
"This really opens up a new world of possibilities for the Ethereum ecosystem and, together, we can continue to be a leading innovator in the field of real-world use of cryptocurrencies," he said. for follow-up.
Speaking with CoinDesk, the company said it often looks at potential crypto-currencies to add.
"BitPay regularly evaluates blockchains and crypto-currencies to meet business objectives: to facilitate the sending and receiving of payments for goods and services around the world. We have selected Ethereum, which enjoys broad support for real-world applications and is widely adopted. "
Stephen Pair, managing director of BitPay, said the Ethereum was the next logical choice because of its current market base. "Ethereum is one of the following logical choices, as one of the largest market capitalization crypto-currencies used by thousands of companies," he concluded.
Last week, the Hong Kong Free Press (HKFP) claimed that BitPay was holding donations of bitcoins to the organization. A non-profit media organization, the HKFP covers the current civil unrest in the Chinese city. An official response from BitPay has not been released regarding the allegations yet.
Stephen Pair, CEO of BitPay, via the CoinDesk Archive
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