BitPay Confirms Bitcoin Cash Retail Payments as Prices Jump

Cryptocurrency payment service provider BitPay has announced that it will allow brick-and-mortar businesses to use Bitcoin Cash for payments. Already available for Bitcoin, the new service will give customers the option to choose between paying in BTC or BCH.

BitPay Checkout, used by restaurants and other retail businesses, is currently being used in Atlanta, Toronto, St. Petersburg, Madeira Beach and Paris. BitPay has been serving these entities since Nov. 2014, which is why the company has decided to include more options for crypto payments. With 1% processing fee and integration with companies such as Shopify, 3DCart and Bitmonet, BCH users will find the new update favorable.

“When customers go to pay, they can select their currency of choice, select the option to give a tip, then scan a BitPay Checkout QR code with their mobile wallets,” BitPay wrote. “Payments take just a swipe or a tap, and the receiving merchant gets a local currency bank settlement within one business day. Merchants get every dollar or euro they charge, minus BitPay’s 1% processing fee.”

Reference: https://www.ccn.com/bitpay-confirms-bitcoin-cash-retail-payments-as-prices-jump/

Share this:

Leave a Reply

Your email address will not be published. Required fields are marked *