Crypto

BitPay Debuts Bill Pay, Enables Users to Pay Bills with Cryptocurrency

Published

11 months ago

August 8, 2023

BitPay Bill Pay makes paying bills with crypto as convenient and secure as any other payment method

ATLANTA, Aug. 8, 2023 /PRNewswire/ — BitPay, the world’s largest provider of Bitcoin and cryptocurrency payment services, today announced the launch of BitPay Bill Pay, a new solution that allows cryptocurrency users to pay bills directly from their crypto wallets. From credit cards and mortgages to car payments and personal loans, BitPay users can make payments to 5,000+ service providers.

BitPay Bill Pay is a convenient and secure option to pay off balances with practically any service provider directly from BitPay’s self-custody wallet application. Users download the BitPay app, automatically connect their bills, select their wallet and make payments. BitPay users can now use cryptocurrency to settle accounts, all without banks, wires or complicated conversion processes. BitPay Bill Pay expands BitPay’s already best-in-class crypto payment solutions, including its industry-leading crypto wallet application, payment processing, crypto debit card and browser extension.

“Paying everyday bills without a bank account is a monumental step for the crypto and unbanked community,” says BitPay CEO, Stephen Pair. “BitPay customers are some of the most prominent crypto spenders in the world, so we believe this will be a game-changing solution for both crypto users and service providers.”

BitPay has teamed up with Method Financial, an embedded banking service, to pull bills and liabilities in real-time, ensuring BitPay users have the most up-to-date information regarding their accounts and balances.

“Method is proud to partner with BitPay in helping the crypto community expand the way it uses cryptocurrency and maintains financial health,” says Jose Bethancourt, Co-founder and CEO, Method Financial.

BitPay supports paying bills with popular cryptocurrencies, including ERC-20 tokens and stablecoins: Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Dogecoin (DOGE), Shiba Inu (SHIB), Litecoin (LTC), ApeCoin (APE), Polygon (MATIC), Dai (DAI), USD Coin (USDC), Binance USD (BUSD), Wrapped Bitcoin (WBTC), Pax Dollar (USDP), Gemini Dollar (GUSD) and Euro Coin (EUROC).

BitPay Bill Pay is available to BitPay Wallet app users on Android and iOS devices in the following states: Alabama, Alaska, Delaware, District of Columbia, Florida, Georgia, Illinois, Iowa, Kansas, Maine, Massachusetts, Mississippi, Nebraska, New Jersey, New Mexico, Ohio, Oregon, South Dakota, Tennessee and Washington. For more information, please visit https://bitpay.com/bill-pay/.

About BitPay
Founded in 2011, BitPay is one of the oldest cryptocurrency companies. As a pioneer in blockchain payment processing, the company’s mission is to transform how businesses and people send, receive, and store money. Its business solutions eliminate fraud chargebacks, reduce the cost of payment processing, and enable borderless payments in cryptocurrency, among other services. BitPay offers consumers a complete digital asset management solution that includes the BitPay Wallet and BitPay Prepaid Card, enabling them to turn digital assets into dollars for spending at tens of thousands of businesses. The company has offices in North America, Europe, and South America and has raised more than $70 million in funding from leading investment firms including Founders Fund, Index Ventures, Virgin Group, and Aquiline Technology Growth. For more information visit bitpay.com.

About Method Financial
Method Financial empowers consumer liability data access and payment access for consumer liabilities. Financial institutions (FIs) can leverage Method’s APIs to enable loan repayment, data access, balance transfers, and bill pay automation into their user journey. Through a single API, Method powers access to liabilities held at over 15,000+ FIs in the US, covering 95% of all outstanding consumer liabilities. Since launching in late 2021, Method has helped 200k+ users connect $22Bn+ in consumer debt to the financial institution of their choice. Learn more at methodfi.com.

Media Contact:

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SOURCE BitPay

Crypto

XRP Climbs 10% In Bullish Trade By Investing.com

Published

1 hour ago

July 17, 2024

Press Room

XRP Climbs 10% In Bullish Trade By Investing.com

Investing.com – XRP was trading at $0.6360 by 18:47 (22:47 GMT) on the Investing.com Index on Wednesday, up 10.29% on the day. It was the largest one-day percentage gain since July 13.

The move upwards pushed XRP’s market cap up to $35.3353B, or 1.50% of the total cryptocurrency market cap. At its highest, XRP’s market cap was $83.4407B.

XRP had traded in a range of $0.5784 to $0.6360 in the previous twenty-four hours.

Over the past seven days, XRP has seen a rise in value, as it gained 44.2%. The volume of XRP traded in the twenty-four hours to time of writing was $3.5988B or 4.46% of the total volume of all cryptocurrencies. It has traded in a range of $0.4368 to $0.6362 in the past 7 days.

At its current price, XRP is still down 80.67% from its all-time high of $3.29 set on January 4, 2018.

Elsewhere in cryptocurrency trading

Bitcoin was last at $64,264.3 on the Investing.com Index, down 0.42% on the day.

Ethereum was trading at $3,394.75 on the Investing.com Index, a loss of 1.26%.

Bitcoin’s market cap was last at $1,267.3794B or 53.86% of the total cryptocurrency market cap, while Ethereum’s market cap totaled $408.1105B or 17.34% of the total cryptocurrency market value.

Crypto

Russia weighs risk of embracing crypto for international payments

Published

8 hours ago

July 17, 2024

Press Room

Russia should accelerate the creation of infrastructure for payments in cryptocurrencies but carefully weigh the associated risks, its money laundering watchdog said on Wednesday, ahead of a parliamentary vote on digital assets legislation.

Crypto

Finmont Partners with the World’s Largest Provider of Cryptocurrency Payment Services, BitPay

Published

16 hours ago

July 17, 2024

Press Room

Finmont Partners with the World’s Largest Provider of Cryptocurrency Payment Services, BitPay

Global payment orchestration platform FinMont has announced a new partnership with BitPay, the world’s largest provider of Bitcoin and cryptocurrency payment services. The strategic partnership will see the addition of cryptocurrency to the FinMont payment ecosystem allowing merchants to utilise payments from all cryptocurrencies.

The founders of German airline, Hahn Air, launched FinMont to offer the travel industry a unique solution that, unlike other options available, streamlines not only B2C payments but also B2B payments. Combining both payments into a single view will help decision-makers identify and fix inefficiencies in their current payment processes. The firm’s mission is to help travel merchants use payments as a strategic tool to stand out from competitors.

BitPay pioneered blockchain payment processing to enable borderless payments using cryptocurrencies like Bitcoin (BTC), Bitcoin Cash (BCH), ApeCoin (APE), Dogecoin (DOGE), Ethereum (ETH), Litecoin (LTC), Polygon (MATIC), Shiba Inu (SHIB), Wrapped Bitcoin (WBTC), XRP (XRP), 7 USD-pegged stable coins (BUSD, DAI, GUSD, PYUSD, USDC, USDP, and USDT) and 1 EURO-pegged stable coin (EUROC) and others. BitPay’s business solutions eliminate transaction fraud, reduce the cost of payment processing, and enable borderless payments in cryptocurrency.

The FinMont platform aims to revolutionise payments by connecting multiple banks and providers through one simple gateway. The partnership with BitPay will allow the global payment platform to incorporate the world’s largest provider of cryptocurrency payment services into its eco-system allowing travel merchants to benefit from the opportunity to offer crypto payments globally.

Suby Valluri, CEO of FinMont, commented, ‘We are delighted to announce this strategic partnership with BitPay and incorporate their leading cryptocurrency payment services into our global ecosystem. This strategic partnership will allow our international client base to offer and facilitate crypto payments globally.”

“Our partnership with FinMont will help realise the potential for crypto to transform the Travel industry, making payments faster, more secure, and less expensive on a global scale,” said Merrick Theobald, Vice President of Marketing at BitPay. “Our goal at BitPay is to make accepting crypto a seamless process and increase adoption as we believe crypto is the future of payments.”