BitPay to follow the chain with the greatest difficulty

BitPay makes a statement on SegWit2x claiming it is to follow the chain with the most accumulated difficulty
01 November 2017   776

The largest Bitcoin payment processor in the world, BitPay, issues a statement confirming that in case of the SegWit2x hardfork the "services will follow the chain with the most accumulated difficulty".

The company argues that it does its best to continue to provide service on the Bitcoin blockchain. However, absent any further developments, BitPay recommends users' stopping using Bitcoin prior to block 494,784 and until the uncertainty is resolved.

As detailed, the services will suspend payment acceptance, payment disbursement and debit card reloads approximately 24 hours prior to activation of Segwit2x. 

In the event of a prolonged or permanent chain split, if the minority chain has significant market value, we will provide instructions to Copay and BitPay wallet users on how to safely access those coins. We will refer to the minority chain as BC1 (if Segwit2x is the majority) or BC2 (if Segwit2x is the minority). Beyond that, we have no plans to offer our services on the minority chain.
 

BitPay team

The company claims it will resume full support for the Bitcoin blockchain as soon as possible after the event.

Avnet to Accept Bitcoin

Avnet is US company from Fortune 500 list; it used BitPay to create this opportunity
20 March 2019   237

The technology provider Avnet, on the Fortune 500 list, announced support for Bitcoin and other cryptocurrencies as payment options. The company from Phoenix, Arizona realized this opportunity with the support of BitPay processing service.

We’re working with BitPay to facilitate secure blockchain payments for all types of customers so they can focus on developing their products, not how to pay for them. Whether it’s Bitcoin or Bitcoin Cash, we can handle it.
 

Sunny Trinh

Vice president of demand creation, Avnet

The company’s statement also says that it cooperates with the Bitcoin.com portal regarding “creating a new hardware wallet suitable for storing cryptocurrencies and providing the highest level of transaction security.”

In January of this year, the non-profit organization Wikimedia Foundation, managing the free encyclopedia Wikipedia, entered into a partnership with BitPay to receive donations in Bitcoin and Bitcoin Cash.