The globally reputed cryptocurrency, Ethereum has added another feather to its credit as leading payment processor, BitPay, lends support to ETH on its platform, thereby facilitating traders to initiate acceptance of Ethereum.
On September 16, the official press release concerning ETH and BitPay integration stated that the merchants and firms using BitPay for payment processing would be able to accept Ether while indulging in purchases without any requirement of enhancements. The users will now be able to store and employ Ether in a BitPay wallet. The platform will also foster BitPay Prepaid Visa Card owners to top up their debit cards.
The ETH integration in BitPay is seen as one of the primary factors which are responsible for the uprise in today’s ETH trading value. Shining as the second-largest cryptocurrency in terms of market cap, Ethereum is presently up with 2.48 percent since the past 24 hours span. ETH is revolving at the market cap of $21,363,055,734 and is trading at $19 in terms of value against USD.
ETH’s impressive price rise has been welcomed by Ethereum co-founder Vitalik Buterin with open arms. His recent tweet concerning the development is proof of his happiness. The leader said: “It is 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.”
Stephen Pair, the notable CEO of BitPay shared his views on the ETH inclusion by quoting:
BitPay is consistently at the forefront of using cryptocurrency to solve real-world problems and offer our global customers the best options to accept and pay with multiple blockchain assets. As one of the largest cryptocurrencies by market cap and one used by thousands of companies, Ethereum is the next logical choice.
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.
Founded in 2011, BitPay is a global leading payment service provider domiciled in Atlanta, Georgia, United States. It fosters payments with Bitcoin (BTC), Bitcoin Cash (BCH) and now Ether (ETH) by converting currencies into digital tokens and coins and vice versa.
The BitPay network is involved in the processing of $1 billion Bitcoin transactions annually in more than 200 countries. BitPay also supports stablecoins like USD Coin, Gemini Dollar, and Paxos Standard Token.