BitPay Implements Bitcoin Cash for Invoices 🚨 This article is 7 years old...
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BitPay Implements Bitcoin Cash for Invoices
2 min read
Updated: Nov. 7, 2019 at 2:28 am UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
BitPay, a global payment service provider for bitcoin and Bitcoin Cash (BCH), has implemented BCH support for its invoices. This means that BitPay’s customers can play with Bitcoin Cash with thousands of merchants worldwide.
The popularity of Bitcoin Cash has gone up in recent times, with more merchants now than ever remitting with Bitcoin Cash. This popularity is set to grow, with BitPay’s integration of Bitcoin Cash for all of its merchants and vendors.
BitPay’s integration of this currency will let customers pay with BCH, which could be favored in continents like Asia and South America, where the growth of the Bitcoin Cash ecosystem has been the most active.
Bitcoin Cash is preferred by some over Bitcoin as a payment method with lower fees and higher network speeds. Some notable vendors who accept BCH include Newegg, Namecheap, and eGifter, while there are a variety of non-profits that receive it too, like Save the Children and the Internet Archive.
Besides all the merchants and not for profits, BCH looks set to become an even stronger force in digital currencies through its integration of BitPay’s Payment-Protocol BIP70.
Aside from remitting BitPay invoices, BIP70 also supports wallets, like the Electronic Cash client. Other wallets are supported too, like Bitcoin Core, Edge, Electrum and many others.
You can now use the @electroncash desktop wallet (version 3.1.6 and up) to pay BitPay #BitcoinCash invoices! Check out the full list of compatible BCH wallets: https://t.co/D1d3SeQv3k
You can download the latest release of Electron Cash here: https://t.co/tQ8ocwx5Me pic.twitter.com/MK4VT7qOCE— BitPay (@BitPay) March 19, 2018
Another promising announcement from BitPay is its partnership with Bithumb, a major South Korean exchange.
Both companies launched an international payment solution using Bitcoin and Bitcoin cash to reduce transaction fees for South Korean companies. Sonny Singh, an executive at BitPay, said that companies in South Korea pay between $100,000 to USD $5 million per invoice.
Posted In: Bitcoin Cash, Adoption
