BitPay just rolled out a new platform for non-crypto businesses

BitPay just rolled out a new platform for non-crypto businesses
фото показано с : invezz.com

2020-11-14 16:50

BitPay, a crypto payment service provider, recently launched a new platform based on blockchain technology. The platform, known as BitPay Send, was meant as a means of sending mass payments for businesses’ employees willing to accept payments in crypto.

A platform for businesses to pay workers in crypto

From what is known, BitPay Send will allow any organization to pay its workers in crypto without having to handle the coins on its own. This removes a major barrier, as fears of volatility and lack of crypto regulations are preventing many firms to start offering cryptocurrencies to their workers.

According to BitPay, the new platform can be used for making complete payroll payments, process customer cashback, rewards, and similar programs, and even for paying affiliates and contractors.

The platform and its services are available in 225 countries of the world. However, in order to use it, all recipients must pass the KYC procedure. Naturally, they will also have to own a crypto wallet for the coins to go to.

In addition to all of the mentioned benefits, payments will be a lot faster, too. BitPay actually claims that workers could receive their salaries in crypto in a matter of minutes, instead of days, as they used to thus far.

BitPay Send already received its first users

Some companies have already adopted the service, such as AdGate Media — a well-known advertising platform — which is paying affiliates across the globe. With international payments now being faster than local ones, the firm will significantly reduce the waiting time for the recipients.

The new payment method will also be helpful to those who are underbanked or unbanked, billions of people around the world still do not have access to bank accounts. They can easily be paid in Bitcoin, and many of them are more than willing to give cryptocurrency a go.

However, the company did not want to buy and handle Bitcoin on its own. Now, this barrier is removed, as BitPay will handle all the work.

The post BitPay just rolled out a new platform for non-crypto businesses appeared first on Invezz.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Sharpe Platform Token (SHP) на Currencies.ru

$ 0.0004599 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0.0004599 - H: $0.0004599
Капитализация $8.007k Rank 99999
Доступно / Всего 17.41m SHP

bitpay platform businesses payments crypto new send

bitpay platform → Результатов: 45


Blockchain Payment Processor BitPay And Poynt Enable Crypto Payments at POS Terminals

The blockchain payments provider BitPay has closed a partnership with Poynt, the world’s first open commerce platform, to make crypto payments possible at point-of-safe (POS) terminals. The announcement was made on Tuesday, in a press release that reads: “With just the scan of a QR code at checkout, consumers can now pay merchants using Poynt’s devices […]

2020-2-12 22:09


BitPay to support Ripple (XRP) storage and payments

BitPay to support Ripple (XRP) storage and payments - CryptoNinjas BitPay, a blockchain payments provider, today announced a partnership with Ripple’s developer initiative, Xpring, that will allow businesses to accept XRP for payments through BitPay’s merchant processing and cross-border payments platform safely, securely, and compliantly, starting by the end of the year.

2019-10-3 19:11


Фото:

Elections Canada Consults With Political Parties on Crypto Donations

According to Elections Canada, the agency that runs federal elections in Canada, there has been “a growing interest” in cryptocurrency donations. This trend has prompted some political parties to ask for a ruling on how best to manage bitcoin and other cryptocurrency political donations and how to navigate the various reporting systems required by both Elections Canada and the parties so that they comply with the Canada Elections Act.

2019-1-24 20:28