cryptonews.com
BitPay, the world’s leading Bitcoin and cryptocurrency payment service, has unveiled an enhanced payment experience for its crypto customers, which is set to roll out this week.
According to a blog post released on January 9, Bitpay will support dozens of new cryptocurrencies, allowing customers to make payments with community-driven assets such as Uniswap (UNI), Binance Coin (BNB), Chainlink (LINK), Cronos (CRO), VERSE (VERSE), Basic Attention Token (BAT), and many more.
With this update, BitPay will enable payments for leading merchants such as Newegg, Jomashop, PacSun, Gucci, Ralph Lauren, and AMC Theatres, supporting transactions both online and in person. This will be fostered by BitPay’s ability to process payments from various wallets, ensuring a seamless experience for customers using their preferred cryptocurrency wallet.
BitPay’s Bill Pay solution covers over 5,000 providers, allowing users to settle credit card bills, car payments, mortgages, student loans, personal loans, and more. The platform supports major providers, such as Chase Bank, Bank of America, Citibank, Capital One Auto Finance, Wells Fargo Auto, and many others.
The payment company offers a flexible solution with its crypto debit card, providing fee-free instant conversion of Bitcoin and other cryptocurrencies. Furthermore, it facilitates payments on car loans, enabling users to connect bills with prominent auto loan providers such as Capital One Auto Finance, Wells Fargo Auto, Toyota Financial Services, Ford Credit, and more.
Also, BitPay has gone a step further by allowing users to repay personal loans through its Bill Pay feature. This opens up avenues for payments 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.”
BitPay Enhances Bill Pay Service Through Collaboration with Method Financial
In August, BitPay introduced “Bill Pay,” enabling cryptocurrency users to pay bills directly from their crypto wallets. Notaby, 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. Users can download the BitPay app, connect their bills, choose their wallet, and proceed with making payments.Bill Pay is currently available to BitPay Wallet app users on Android and iOS devices in specific states, including Alabama, Alaska, Delaware, the District of Columbia, Florida, Georgia, Illinois, Iowa, Kansas, Maine, Massachusetts, Mississippi, Nebraska, New Jersey, New Mexico, Ohio, Oregon, South Dakota, Tennessee, and Washington.In the same month, the crypto payment platform expanded its offerings by adding support for XRP, facilitating global instant transactions. BitPay users can now purchase XRP, securely store it in the BitPay wallet through self-custody, engage in gift card transactions, perform XRP swaps, and conduct transactions with the platform’s merchants.BitPay, established in 2011, stands as one of the earliest cryptocurrency companies. Pioneering blockchain payment processing, the company 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 offices in North America, Europe, and South America have secured over $70 million in funding from notable investment firms, including Founders Fund, Index Ventures, Virgin Group, and Aquiline Technology Growth.