Bitpay to allow users to purchase Crypto through its platform
by Sandeep Kumar Mishra –
11:30 January 25, 2020
Popular crypto payment company Bitpay recently announced that it will allow its users to purchase cryptocurrencies through its platform. The latest step is a direct result of Bitpay's collaboration with fiat-to-crypto payment processor Simplex to offer its users crypto purchasing experience. Recently Twitter CEO Jack Dorsey also got a comparable real-time fiat-to-crypto patent for his Square app.Bitpay said the purchase function would provide a dynamic solution for all cryptocurrency-related activities. It also appeared that users could purchase supported digital assets via their credit cards without leaving the application.
Bitpay & # 39; s journey through the ages
For approximately seven years, from 2011 to 2018, Bitpay only accepted Bitcoin payments. However, it added Bitcoin Cash to its services in 2018 and now supports ETH, BCH and BTC together with three stablecoins. About a week ago, the payment seller announced its support for XRP on the payment wallet.
Better crypto accessibility to eliminate the need for crypto exchanges
Stephen Pair, the CEO and co-founder of Bitpay, explained that new users can find cryptocurrency exchanges quite intimidating. However, the integration with Simplex would make the payment experience much smoother. It is therefore understandable that the motivation behind the inclusion of more cryptocurrencies in the Bitpay app is the elimination of the need for crypto exchanges to facilitate payments.
Simplex positive about partnership with Bitpay
Bitpay is not the first digital company with which Simplex cooperates. Simplex has worked with many digital currency companies such as Binance, Xapo, Bithumb and Changelly to meet their need for crypto purchases via bank cards and credit cards. The payment processing company charges a fee for transactions and requires a minimum transaction amount of $ 10. Speaking of the collaboration, the company founder and CEO, Nimrod Lehavi, said their company was looking forward to Bitpay. He also said they would work together to add more innovative solutions in the coming days.
About the author
Sandeep Kumar MishraSandeep is an avid enthusiast of cryptocurrency and an enthusiastic and passionate blogger. He likes to keep up with the latest trends in social media and other current topics in the digital marketing space. He also has a talent for sharing crypto and blockchain related updates with passionate readers like you. You can also follow him on LinkedIn and Twitter, if you like his content.
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