Payment Platform Bitpay Adds Bitcoin Cash Settlement Services

Bitpay Adds Bitcoin Cash Settlement Services
The cryptocurrency payment processor Bitpay has made a lot of changes since its inception in 2011, and just recently the firm added bitcoin cash support for merchant invoices and the company’s debit card loads. On the merchant side Bitpay has always allowed clients to settle in BTC, and now the firm has added support so merchants can settle in BCH. Bitpay merchants can settle for all of the funds in bitcoin cash or they can choose fiat settlement instead in their local currency in order to avoid price volatility. Merchants using Bitpay’s services can also get a fraction of BCH and a fraction of fiat as well.
Now we’re excited to announce the second digital currency settlement option for Bitpay merchants: Bitcoin Cash.

Bitpay Wants to Make It Easier to Accept Blockchain Payments
Since bitcoin core (BTC) had severe issues with scaling, which led to network fees rising above $50 per transaction this past December, a bunch of merchants and businesses who accepted BTC in the past have changed over to BCH. Bitcoin cash network fees have remained extremely affordable at $0.003 per transaction, giving many businesses a strong economic incentive to switch from BTC to BCH. This past Spring Bitpay gave people the option to choose either BCH or BTC during the payment invoice process.
What do you think about Bitpay now supporting bitcoin cash settlement? Let us know in the comment section below.We’re excited to continue our work to make the Bitpay platform the best way to accept blockchain payments – and to accept payments, period.
Images via Shutterstock, and Bitpay.
Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH, and other coins, on our market charts at Satoshi Pulse, another original and free service from Bitcoin.com. The post Payment Platform Bitpay Adds Bitcoin Cash Settlement Services appeared first on Bitcoin News.
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