Founded in 2011, BitPay has come a long way from its origins as a Bitcoin-centric platform. Having secured over $70 million in funding from investors, BitPay has broadened its scope to accommodate a diverse range of digital currencies. The CEO, Stephen Pair, has highlighted BitPay’s dedication to making crypto payments more accessible globally.
In addition to facilitating purchases at luxury retailers, BitPay’s service portfolio caters to substantial transactions, including those for high-value items like cars and homes. Moreover, the company has enhanced its Bill Pay feature to support major banks and auto financiers, reflecting the growing trend of integrating cryptocurrencies into everyday financial activities. This expansion by BitPay underscores the cryptocurrency industry’s ongoing efforts to diversify the practical uses of digital currencies in various transactions.
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Source: Cryptocurrency - investing.com
