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   935

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.

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   292

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.