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Gemini Dollar (GUSD) and Other Stablecoins Now Supported by BitPay
BitPay, the leading cryptocurrency payment provider, has announced the addition of Gemini Dollar (GUSD), Circle’s USD Coin (USDC), and Paxos Standard Token (PAX), according to the company's press release.
We're proud to share that you can now pay your bills in Gemini Dollar through @BitPay's Business Billing solution! Excited to be advancing #stablecoin adoption and furthering the crypto payment landscape. Read more here:https://t.co/eTgLYKuZs0
— Gemini (@Gemini) December 10, 2019
Alex DovbnyaMaking crypto commerce volatility-free
The aforementioned cryptocurrencies can now be used for payments at thousands of companies, including such giants as Microsoft and Avnet.
On top of that, BitPay customers can also send funds from one wallet to another, which is seen as a viable alternative to old-fashioned bank transfers.
While explaining the reason behind the most recent additions, the company claims that the adoption of USD-pegged stablecoins has dramatically increased over the last few years. They offer fast transactions and transparency while bringing stability to the volatile world of cryptocurrencies.
“Accepting or paying with stablecoins opens up new possibilities for global businesses that require the stability of the dollar but the security and efficiency of blockchain payments,” said Stephen Pair, BitPay’s CEO.
Yuri MolchanAdding new crypto payment options
Bitcoin and Bitcoin Cash have long remained the only cryptocurrencies supported by BitPay, but the company started to offer new options as of recently.
As reported by U.Today, BitPay finally embraced Ethereum at the beginning of September. A month later, the company expanded the suite of available coins with XRP after inking a partnership with Ripple's investment arm Xpring.
Arman Shirinyan
Dan Burgin