Crypto Payment Platform BitPay Supports The Use Of Other Crypto Assets

Bitpay is a crypto payment service provider. (Photo; Doc. ChainBulletin)

JAKARTA - BitPay, a Bitcoin-based payment service provider, announced additional support for a large number of other cryptocurrencies, such as Uniswap (UNI), Chainlink (LINK), Binance Coin (BNB), Cronos (CRO), and others. The move aims to embrace the crypto ecosystem more widely and provide convenience for customers to use digital assets in various transactions.

In its official statement, BitPay said that this addition complements the list of previously supported cryptocurrencies, such as Bitcoin, Ethereum (ETH), Shiba Inu (SHIB), XRP, Dogecoin (DOGE), Bitcoin Cash (BCH), and stablecoins holding on to USD. Thus, BitPay subscribers can choose cryptocurrencies that suit their needs.

"BitPay is committed to making crypto payments easy and accessible to all," said BitPay CEO Stephen Pair.

BitPay is a platform that allows customers to buy goods and services from well-known brands and stores using cryptocurrencies. Some examples of brands working with BitPay are Gucci, Ralph Lauren, and AMC Theaters. In addition, BitPay also facilitates other payments, such as car payments and mortgages.

To use the BitPay service, customers can download the BitPay app or the BitPay Chrome extension. Through this application or extension, customers can purchase gift cards for more than 250 top brands and stores. This gift card can be used immediately, saved later, or given as a gift.

BitPay claims that by using cryptocurrencies, customers can enjoy various advantages, such as lower transaction fees, higher security, and global market access. In addition, BitPay is also following the development of the crypto industry, which is increasingly diverse and innovative.

"We see tremendous growth in the use and adoption of cryptocurrencies around the world. We want to support various cryptocurrencies that have different use applications and cases," said Pair.

Since its founding in 2011, BitPay has raised more than $70 million from investors including Founders Fund, Index Ventures, Virgin Group, and Aquiline Technology Growth. BitPay has also established strategic partnerships with key players in the e-commerce sector, such as BigCommerce and CoinPayments.