BitPay has expanded its services to include a variety of cryptocurrencies such as BNB, Chainlink, and Uniswap. This decision is in line with their commitment to making cryptocurrency transactions more user-friendly and accessible.
The company’s CEO, Stephen Pair, stated that this update and the inclusion of new assets is an invitation to crypto users. This move allows customers to transact with mainstream merchants like Gucci, Ralph Lauren, and AMC Theatres using their crypto holdings. It also covers practical applications like car and mortgage payments.
BitPay’s expansion also includes newer digital currencies like Cronos and Basic Attention Token, with plans to add “dozens more” to their platform. This reflects a larger trend in the web3 domain, where companies are making it easier to use cryptocurrencies beyond Bitcoin.
In 2020, BitPay primarily processed Bitcoin payments, but their current diverse portfolio showcases the evolving landscape of digital currency applications. Since their inception in 2011, the Atlanta-based company has received over $70 million in funding and continues to play a crucial role in integrating cryptocurrencies into everyday commerce.
This expansion not only benefits BitPay but also marks a significant step towards the future of digital payments. In addition, the company’s recent partnership with Taylor Swift’s film tickets highlights their dedication to making cryptocurrencies a mainstream form of payment.