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Bitpay announces adding support for Ethereum (ETH)

Ethereum support is being added by BitPay for its subscribing businesses to leverage.
BitPay is already supporting the likes of Bitcoin, Bitcoin Cash, in addition to other stablecoins.

Ken Chigbo Independent Analyst

BitPay, is set to allow merchants to accept Ethereum (ETH). Subscribing businesses can leverage the solutions of paying in bitcoin, bitcoin cash, and ether, along with a handful of stablecoins.

Ethereum co-founder and creator, Vitalik Buterin commented on the announcement, noting that it is exciting to see BitPay “leading the way in integrating ethereum into global payment systems.”

Adding:

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.

A BitPay spokesperson commented:

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.

The CEO of BitPay Stephen Pair said

ETH was the next logical choice due to its current market base. “As one of the largest cryptocurrencies by market cap and one used by thousands of companies, Ethereum is the next logical choice.

Author

Ken Chigbo

Independent Analyst

Ken has over 8 years exposure to the financial markets. He started his career as an analyst, covering a variety of asset classes; forex, fixed income, commodities and equities.

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