BitPay to Add Ethereum Support

The company will implement Ethereum support on BitPay Visa prepaid debit cards and allow merchants to accept coin as a mean of payment
17 September 2019   523

BitPay cryptocurrency processing will add support for Ethereum in the coming weeks. Merchants will be able to accept a coin as payment, and users can store it in their wallet.

BitPay is consistently at the forefront of using cryptocurrency to solve real-world problems and offer our global customers the best options to accept and pay with multiple blockchain assets. As one of the largest crypto currencies by market cap and one used by thousands of companies, Ethereum is the next logical choice.
 

Stephen Pair

CEO of BitPay

The company will also implement Ethereum support on BitPay Visa prepaid debit cards.

It is exciting to see BitPay leading the way in integrating Ethereum into global payment systems. 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.
 

Vitalik Buterin
Founder and creator, Ethereum

At the moment, the service supports Bitcoin and Bitcoin Cash, and also offers merchants settlements in stablecodes USDC, GUSD and PAX and 12 world currencies.

American Cancer Society to Accept BTC Donations

BitPay, which helps the organization in providing this offer, had allocated $50M to Tony Hawke Foundation and the American Red Cross
25 December 2019   460

The American Cancer Society (ACS), a non-profit organization that sponsors cancer research, has begun accepting Bitcoin donations through BitPay.

Cancer affects people from all walks of life, so it’s not surprising that we draw support from a broad cross-section of donors. Our mission is urgent and in order to accomplish it, we need to engage donors where they are.

 

Brant Woodward

ACS exec

This is not the first time BitPay has collaborated with a charity. The payment operator made over $ 50 million in donations to organizations such as the Tony Hawke Foundation and the American Red Cross.

The average donation in bitcoins for these organizations is about $ 10,000, and the commission is only 1%, and a philanthropist can also pay it. In addition, cryptocurrency donations fall under charity laws and provide for tax deductions.

In accepting bitcoin donations, charitable organizations attract new donors without ever having to hold bitcoin. BitPay verifies the funds and accepts the bitcoin on behalf of the organization and settles the transaction in USD or the preferred fiat.

 

Stephen Pair

BitPay CEO