BitPay now lets merchants accept three stablecoins, including Gemini dollar
Blockchain payments processor BitPay has added support for three stablecoins – Circle’s USD coin (USDC), the Gemini dollar (GUSD) and Paxos Standard token (PAX).
BitPay’s roll out will allow over 30,000 merchants, including Microsoft and Avnet, to accept payments in the three stablecoins from consumers. BitPay’s wallet users, as well as its prepaid cardholders, will be able to spend USDC, GUSD and PAX via supported merchants.
Stephen Pair, co-founder and CEO of BitPay.
“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.”
BitPay also supports bitcoin (BTC), bitcoin cash (BCH) and ether (ETH) payments. The firm has also been preparing to integrate XRP cryptocurrency on its platform, following a partnership with Ripple’s developer program Xpring.
BitPay Founded in 2011 and processed over $1 billion in payments last year from global merchants.