BitPay Set to Support Payments From Ethereum Blockchain

Global blockchain payments provider BitPay announced last week it is set to support payments from the Ethereum Blockchain. Through this support, BitPay users will be able to use their ether to do the following:

  • Buy gift cards on the BitPay app
  • Top up BitPay cards
  • Shop with BitPay merchants

Vitalik Buterin, Ethereum creator, revealed his thoughts about BitPay’s support by stating the following:

“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.”

BitPay further explained by it is chosing to support blockchain payments on the Ethereum network:

“First and foremost, many of our merchants, cardholders, and wallet users have been asking for this. Second, Ethereum has the second highest market share behind Bitcoin. Third, by supporting payments on the Ethereum network, BitPay will be soon able to support ERC-20 tokens, namely, stablecoins.”

BitPay went on to add that it is already in talks about the benefits it will see with stablecoins when it began to allow its merchants to settle in GUSD, USDC, and PAX.

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