BitPay Launches Worldwide Stablecoin Payments: PAX, USDC, and GUSD
Bitpay, The world leader in blockchain payment technology now Accepts payments in #stablecoin PAX, USDC, and GUSD.
Today, BitPay announced that the additional coins are accepted for transactions on the platform. Accordingly, these include Circle’s USD Coin (USDC), the Gemini Dollar (GUSD) and Paxos Standard Token (PAX).
Accepting or paying with stablecoins opens up new possibilities for global businesses that require the stability of the dollar but the security and efficiency of blockchain payments,” said Stephen Pair, BitPay’s CEO, and co-founder. “Businesses can invoice international customers without the need for costly, complicated cross-border wire transfers. Customers can send and receive payments using fast, efficient, and volatility free dollar-pegged stablecoins.”
Approval is also expressed by Paxos: “By using PAX to make everyday payments through BitPay, customers send USD quickly and retailers get paid immediately. Using PAX in payment and settlement is a crucial step forward as customers can now spend their PAX with more than 30,000 BitPay merchants around the world.”
BitPay was first founded in 2011 in Atlanta, Georgia, United States by Tony Gallippi and Stephen Pair. BitPay offers consumers a complete digital asset management solution that includes the BitPay Wallet and BitPay Prepaid Visa® Card, enabling them to turn digital assets into dollars for spending at tens of thousands of businesses. It provides the option of crypto payments and converts them to fiat currency. And the service allows you to send invoices by email or install plugins for online shopping platforms like Magento, WooCommerce, OpenCart, and others.
BitPay also provides an API for embedding in custom e-commerce services. And by integrating trading systems through an API gateway, you can easily accept payment in Bitcoin in almost any online service.