Crypto Payment Service BitPay Launches Settlement in USDC, GUSD
Cryptovest
Published Oct 16, 2018 05:28AM ET
Updated Oct 16, 2018 06:41AM ET
Crypto Payment Service BitPay Launches Settlement in USDC, GUSD
BitPay, a blockchain-oriented company that provides payment solutions, announced on Monday its merchant partners would be able to settle payments in two new stablecoins - Circle’s USDC and Gemini’s GUSD, both backed by the US dollar.
Previously, merchants and companies worldwide could leverage the BitPay technology to accept payments in Bitcoin and Bitcoin Cash. However, the notorious volatility of cryptocurrencies is likely to make stablecoins a welcome alternative.
From now on, BitPay merchants and companies can receive settlement in USDC and GUSD. BitPay invoices can display the prices of these stablecoins in 150 currencies, with settlement available in 190 countries.
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