RATE Group | Bitpay Now Supports Stablecoins, but Other Challenges Lie Ahead If Bitcoin Is Upgraded
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Bitpay Now Supports Stablecoins, but Other Challenges Lie Ahead If Bitcoin Is Upgraded

12 Dec Bitpay Now Supports Stablecoins, but Other Challenges Lie Ahead If Bitcoin Is Upgraded

Posted at 01:10h in Bitcoin News by

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Cointelegraph
states that a Bitcoin upgrade to BIP21 addressing may eliminate the addressing
method currently used by BitPay. If so, BitPay support of Circle’s USD Coin
(USDC), the Gemini Dollar (GUSD) and Paxos Standard Token (PAX) may not be the
biggest news in the near future:

“BitPay, the world’s largest provider of blockchain payment services, today announced the rollout of stablecoin payments for merchants and consumers around the globe. The company supports payment acceptance and settlement in any of three popular volatility-free stablecoins, Circle’s USD Coin (USDC), the Gemini Dollar (GUSD) and Paxos Standard Token (PAX).

With the addition of the three tokens to the BitPay wallet app, consumers are not only able to spend U.S. dollar-pegged currency at businesses around the world like Microsoft and Avnet, they’re also able to transact with the speed and flexibility of cryptocurrencies to pay friends, family, or other…

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