Processing service BitPay announced the start of support for retail Bitcoin Cash payments. In the future, the company plans to expand the list of supported digital currencies.
Since its inception, Bitcoin payment processing company BitPay has not expanded its payment options.
And finally, the provider has updated the Bitcoin Checkout POS application, which allows retail payments to be made in Bitcoin Cash (BCH), support for which was previously activated in the Copay wallet. Retailers using Bitpay can now generate BCH payment QR codes on the spot using a smartphone or tablet. In this case, settlements in local currency occur within one business day. In addition, the company announced an option for storing sales proceeds in this increasingly popular cryptocurrency.
Bitcoin Checkout is an application for retail businesses that allows you to receive cryptocurrency payments directly to your mobile device, while prices can be presented in more than 150 currencies. The company's processing service automatically converts bitcoins into local currency, in addition, it offers bitcoin debit cards that allow you to pay with bitcoins in the real world.
News from the service have already provoked an increase in the BCH rate from $313 to $431 within 24 hours in September 2017, after the introduction of the ability to store and use BCH in the open source wallet Copay. Today's announcement by the company also cannot but affect the price of the cryptocurrency.
As recently as April 1, the price of the Bitcoin fork did not exceed $640; over the past three weeks it has grown by 115%. The last time the rate was this high was back on February 20.
Recently, the price of Bitcoin Cash has been growing steadily. Experts explained this by the upcoming hard fork. Today's announcement by BitPay of new features for Bitcoin Cash has also accelerated the coin's growth and improved its prospects. Bitcoin Cash is currently the third largest digital currency, with a capitalization of more than 26 billion dollars. At the time of writing, Bitcoin Cash is trading at $1,538. This trend suggests the possibility of crossing the $2,000 mark in the near future.
At the same time, at the end of last week, a division of the Chinese company Bitmain, the Antpool mining pool, announced that it had begun to burn 12% of transaction fees that are obtained as a result of Bitcoin Cash mining.. According to representatives of the organization, this will help support the ecosystem of the fork of the first cryptocurrency and will have a positive impact on the value of the coin in the long term.
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