Key facts:
The platform also supports payments with bitcoin (BTC), bitcoin cash (BCH), and ether (ETH).The signature ensures that in the near future will integrate payments with XRP from Ripple.The platform of payment processing BitPay included support for the cryptocurrencies anchored or stablecoins Gemini Dollar (GUSD), USD Coin Circle (USDC), and Paxos Standard (USD PAX).The information was published on the Twitter account of the platform on 10 December, highlighting the fact that from this date some 30,000 merchants that use the application of BitPay will be able to accept payments with this type of cryptocurrencies, whose value is backed by the dollar.On this, the press note of BitPay, explains that “with the addition of these three tokens to the application, consumers can not only spend currency linked to the us dollar in companies around the world, such as Microsoft and Avnet, but they can also carry out transactions with the speed and flexibility of the cryptocurrencies”.In that sense, he highlighted the properties of this type of stablecoins, whose use has gained popularity in recent years.
GUSD, USDC and PAX have increased both in number and in usage in recent years because they combine the efficiency of a criptomoneda with the added benefit of being linked to the stability of the u.s. dollar. As cryptocurrencies, transactions of cryptocurrencies stable currencies was verified by a decentralized network and recorded in a book to the public, unchanging, providing transparency and eliminating fraud than traditional payment associated with the credit cards (…)BitPay
In this way, the information note from the company puts emphasis on the fact of offering a greater number of traders at the international level the possibility of carrying out transactions with these digital assets, designed to maintain a constant price to be linked to a fiat currency stable or colateralizados with products or other cryptocurrencies.The stablecoins GUSD, USD PAX and USDC are added to the list of cryptocurrencies that BitPay accepts. Source: twitter.comAntes of this announcement, BitPay only offered liquidation options with GUSD, USDC and USD PAX dealers in regions with a banking infrastructure is weak.In this regard, the managing director of the Financial Operations of Gemini, Joshua Rawlins, said that to accept the stablecoins traders will benefit from a payout of payments “cheaper, faster, and resistant to fraud”. While consumers will have the ease of use cryptocurrencies, without worrying about the fluctuations of prices”, something that is also cited Walter Hessert, leader of Corporate Strategy in Paxos.This possibility offered by the cryptocurrencies anchored to avoid the volatility was also mentioned by the CEO and co-founder of BitPay, Stephen Pair, who made mention of the fact that companies are able to bill international clients so as to avoid complicated cross-border transfers”.The stablecoins GUSD, USD Coin and USD PAX are added to the list of cryptocurrencies that BitPay accepts. This platform also supports payments with bitcoin (BTC), bitcoin cash (BCH), and ether (ETH), from last September. The system accepts 12 other currencies, and also of bank deposits in 37 countries, including several in Latin America. The firm added in its note that it has been preparing to integrate the criptomoneda XRP, then a partnership with the program developers of Ripple Xpring.This announcement from BitPay occurs after some disputes in which he has been involved with the platform in recent months. Last September he received questioning by Tom Grundy, editor-in-chief of the news agency Hong Kong Free Press, who accused the platform to retain their funds.This in fact occurred, then in August that it would establish new measures of verification of identity for certain payments and refunds, which were not to the liking of many users. Prior to this, BitPay had been criticized by block grants that were intended to help fight the fires in the Amazon.