BitPay, the world’s foremost Bitcoin and cryptocurrency payment service, has announced an improved payment experience for its crypto customers. The new features are set to be launched this week. BitPay will now support a range of new cryptocurrencies, including Uniswap (UNI), Binance Coin (BNB), Chainlink (LINK), Cronos (CRO), VERSE (VERSE), and Basic Attention Token (BAT), among others.
This update will facilitate payments for top merchants such as Newegg, Jomashop, PacSun, Gucci, Ralph Lauren, and AMC Theatres, both online and in person. BitPay’s ability to process payments from various wallets will ensure a smooth experience for customers using their preferred cryptocurrency wallet.
BitPay’s Bill Pay solution caters to over 5,000 providers, enabling users to pay credit card bills, car payments, mortgages, student loans, personal loans, and more. The platform supports major providers like Chase Bank, Bank of America, Citibank, Capital One Auto Finance, Wells Fargo Auto, and many others.
The payment company also offers a flexible solution with its crypto debit card, which provides fee-free instant conversion of Bitcoin and other cryptocurrencies. It also facilitates payments on car loans, allowing users to connect bills with leading auto loan providers such as Capital One Auto Finance, Wells Fargo Auto, Toyota Financial Services, Ford Credit, and more.
BitPay has also introduced the ability for users to repay personal loans through its Bill Pay feature. This opens up payment avenues to major lenders like SoFi, Marcus by Goldman Sachs, Avant, Upstart, LendingClub, and several others. BitPay CEO Stephen Pair emphasized the company’s commitment to making crypto payments accessible, stating, “These updates and all of the newly supported assets mark an invitation to crypto customers: pay for what you need and splurge on what you want.”
In August, BitPay introduced “Bill Pay,” enabling cryptocurrency users to pay bills directly from their crypto wallets. It has also partnered with Method Financial, an embedded banking service, to provide real-time retrieval of bills and liabilities. This collaboration ensures that its users have the latest information about their accounts and balances. BitPay’s Bill Pay offers a convenient and secure option for settling balances with various service providers directly from BitPay’s self-custody wallet application.
BitPay, established in 2011, is one of the earliest cryptocurrency companies. It aims to revolutionize how businesses and individuals send, receive, and store money. Its suite of business solutions tackles issues like fraud chargebacks, lowers payment processing costs, and facilitates borderless cryptocurrency payments. BitPay provides consumers with a comprehensive digital asset management solution, encompassing the BitPay Wallet and BitPay Card, enabling the conversion of digital assets into dollars for spending at numerous businesses. The firm has offices in North America, Europe, and South America and has secured over $70 million in funding from notable investment firms, including Founders Fund, Index Ventures, Virgin Group, and Aquiline Technology Growth.
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | Europe |
| Countries | 🇺🇸 |
| Sentiment | positive |
| Relevance Score | 1 |
| People | Stephen Pair |
| Companies | Citibank, Bank of America, Ford Credit, Index Ventures, PacSun, Ralph Lauren, Toyota Financial Services, Virgin Group, Chase Bank, Capital One Auto Finance, Upstart, SoFi, Founders Fund, AMC Theatres, Gucci, Aquiline Technology Growth, Wells Fargo Auto, Avant, Marcus by Goldman Sachs, Method Financial, BitPay, Newegg, Jomashop, LendingClub |
| Currencies | Arcade Arcoin, Bitcoin, Basic Attention, Chainlink, Uniswap |
| Securities | None |
