Crypto processing service BitPay added support for stablecoin …

Crypto processing service BitPay adds support for PAX stablecoin

Crypto payment company BitPay has started cooperate with startup Paxos and use its Paxos Standard stablecoin to expand opportunities at settlements.

As reported by CoinDesk, now clients BitPay will be able to conduct cryptocurrency transactions, using “confidence in the dollar USA and him stability “. Previously BitPay allowed merchants accept transactions in bitcoins and Bitcoin Cash.

By words CEO company Stephen Peir, addition token PAX will be facilitate the further spread of payment services with low accompanying costs. Vice President of Marketing and Public Relations Dorothy Chang reported, what he sees cryptocurrency traders first and foremost users stablecoin, but also counts on what new the tool will interest merchants and their clients.

“We’re glad to that, that PAX is taking the first steps towards more widespread use per outside space trade cryptocurrencies. As PAX spreads, more and more users receive access to a stable currency, which can apply for savings, payment for purchases and participation in the global economy in real time “, – added it.

Paxos Standard token launched in September of this of the year along with the endorsement of the initiative by the NYS Department of Financial Services.

Crypto processing service BitPay added support for stablecoin ...

In October, Chang noticed that volume PAX issue exceeded $ 50 million. According to CoinMarketCap data, in the present time is he is about $ 137.7 million.

Crypto processing service BitPay added support for stablecoin ...