BitPay to launch Ethereum support in coming weeks

Ethereum • September 16, 2019, 1:03PM EDT
UPDATED: September 16, 2019, 2:37PM EDT
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BitPay is expanding its capabilities to Ethereum, allowing merchants across the world to accept the network's currency, ether. The payment provider announced today that customers will be able to securely and compliantly accept the currency in the coming weeks.

The launch will also allow wallet users to store ether in their BitPay wallets, in addition to allowing BitPay Prepaid Visa Card holders to add to their debit cards. Stephen Pair, CEO of BitPay, said in a statement that integrating ether was the "next logical choice" for the company.

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Ether joins BitPay's payment mechanism offerings of bitcoin and bitcoin cash. The company also supports stable coin settlement with Circle CENTRE USD Coin, Gemini Dollar and Paxos Standard token in addition to 12 currencies and direct bank deposit in some countries. 

Merchants like Microsoft, Newegg, Dish Networks, FanDuel and Avnet will be able to support the currency without any additional integration effort on their end, according to the company. They'll also be able to process cross-border transactions.

Ether support will go live very soon, according to the company. However, an official launch date has not been specified within the announcement.

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Aislinn Keely is a reporter on The Block's policy team holding down the legal beat. She covers court decisions, bankruptcies, regulatory actions and other key moments in the legal sphere, putting them in context for the wider crypto industry. Before The Block, she lent her voice to the NPR affiliate WFUV and helmed Fordham University's student newspaper. Send tips or thoughts on all things policy and legal to [email protected] or follow her on Twitter for updates @AislinnKeely.

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