ATLANTA – (WIRE BUSINESS) – BitPay, the world’s largest provider of Bitcoin and cryptocurrency payment services, announced today that it has improved its service to make it easier for Coinbase users to spend crypto including USD Coin, Bitcoin, Ethereum and other cryptocurrencies in BitPay which enabled merchants directly from the Coinbase account. BitPay enhancements allow users to make payments directly from the Coinbase account to BitPay merchants, eliminating the cash movement between peers. The phased submission process begins with transactions under $ 1,000. Also, in one month, users will be able to pay BitPay merchants with their Coinbase account directly from inside their BitPay Wallet App.
“Customers with a Coinbase account looking for a fast, safe and easy way to pay for goods and services with crypto globally now have additional options through BitPay enabled merchants,” said Sean Rolland, Product Director BitPay. “Integration between Coinbase and BitPay allows users to pay directly from their Coinbase account, opening opportunities for new global businesses to receive and pay with crypto.”
Coinbase integration is a popular feature and has been part of the BitPay Wallet App since its early beginnings. In one month, this enhanced integration will improve the experience and give users the option to monitor and manage all funds in the BitPay Wallet App, no matter where the funds are stored. The enhanced Coinbase integration also shows the funds exactly as they are in the Coinbase platform.
Both of these integrations allow consumers and businesses to spend USDC, a US dollar-pegged currency in businesses around the world. Stablecoins continues to see dramatic growth in the cross-border payments sector. Users can also pay with Bitcoin, Bitcoin Cash, XRP and ETH.
The Coin USD combines the efficiency of cryptocurrency with the added benefit of being tied to US dollar stability. Like cryptocurrencies, fixedcoin transactions are verified by a decentralized network and recorded on a non-removable public ledger, providing transparency and eliminating traditional credit card-related payment fraud. Because its value is pegged to fiat currency, however, stablecoins eliminate the volatility associated with other cryptocurrencies.
Visit https://bitpay.com/directory to learn where to spend bitcoin and other cryptos. For more information on the Coinbase Open API visit https://developers.coinbase.com/
About BitPay
Founded in 2011, BitPay pioneered blockchain payment processing with the mission of transforming how businesses and people send, receive and store money. Its business solutions eliminate transaction fraud, reduce the cost of processing payments, and enable unlimited payments in cryptocurrency, among other services. BitPay offers consumers a complete digital asset management solution that includes BitPay Wallet and BitPay Prepaid Card, enabling them to turn digital assets into dollars to spend on tens of thousands of businesses. The company has offices in North America, Europe and South America and has raised more than $ 70 million in funding from leading investment firms including Founders Fund, Index Ventures, Virgin Group, and Aquiline Technology Growth. For more information, visit bitpay.com.
The BitPay Card is issued by Metropolitan Commercial Bank (FDIC Member) under license from Mastercard International Incorporated. “Metropolitan Commercial Bank” and “Metropolitan” are registered trademarks of Metropolitan Commercial Bank © 2014. Use of the Card is subject to the terms and conditions of the Cardholder Agreement and the applicable fee schedule, if any.