Bitcoin News and Price | Bitcoin.News

BigCommerce Partners with BitPay & Coinpayments to Enable Crypto Payments for Merchants

by Blockchain NewsSeptember 16, 2022

BigCommerce on Thursday announced a strategic partnership with cryptocurrency providers BitPay and CoinPayments to deliver crypto payment solutions to BigCommerce merchants in select countries.

With BitPay and CoinPayments, a NASDAQ-listed e-commerce platform can accept a variety of cryptocurrencies, including Bitcoin, Ethereum, Dogecoin, Bitcoin Cash, Shiba Inu, Wrapped Bitcoin, Litecoin, XRP, and five US dollar-pegged stablecoins such as Binance USD (BUSD), Dai stablecoin (DAI), Gemini dollar (GUSD), USD Coin (USDC), and Pax Dollar (USDP).

By expanding its crypto ecosystem, BigCommerce opens up opportunities for its merchants to offer more payment options, widen its market share, tap into a new customer base, and accelerate international growth through innovation.

Marc Ostryniec, Chief Sales Officer at BigCommerce, talked about the development: “Expanding our crypto ecosystem to include trusted best-of-breed partners is just one step towards driving innovation and growth for our merchants. A new era of consumers are passionate about transacting using crypto, and we’re helping them do it.”

Helping Retailers Navigate a Changing Payment Landscape

E-commerce platforms accepting cryptocurrency are steadily increasing, an evidence that the crypto market continues to grow. The use of cryptos for online shopping has shown parallel expansion.

BigCommerce has joined a number of other e-commerce platforms that have been adding crypto payment capabilities over the past few years.

In May this year, Shopify expanded crypto payment options through a partnership with Crypto.com so its merchants can accept cryptocurrency payments from customers through Crypto.com Pay.

Last month, a Shopify Competitor called Launch Cart enabled its merchants to accept Bitcoin payments using OpenNode and the Lighting Network.

With the growth of global acceptance of cryptocurrency, many online merchants have adopted crypto payments to remain in the trend.

Image source: Shutterstock

Source

Accounting Firm Wolf & Company Pairs with Bitpay to Accept Crypto Payments

by Blockchain NewsMay 30, 2022

Leading regional CPA firm providing insightful financial accounting and audit services Wolf & Company partners with cryptocurrency payment processor BitPay to accept cryptocurrency payments.

In its official announcement, the company stated that it will now accept payments in various digital assets, including Bitcoin ($BTC), Wrapped Bitcoin (WBTC) Ethereum ($ETH), Litecoin ($LTC), Ripple (XRP) popular meme coins, Shiba Inu ($SHIB) and Dogecoin ($DOGE) and several other USD-pegged stablecoins including Gemini Dollar (GUSD), Pax Dollar (USDP), Binance Dollar (BUSD).

The company officially writes: “As a firm that embraces digital innovation, our team is already working on the cutting edge of cryptocurrency services. By partnering with BitPay to accept crypto payments, we’re truly embracing crypto and its growing role in the economy.”

Wolf & Company is an accounting company specializing in audit, tax, IT audit, and consulting services.

This accounting firm has been around for over 110 years. They deliver assurance, tax, risk management and business consulting services.

Last month, Payments platform Nium launched an API-based solution called “Crypto Accept”, which aims to provide crypto payments to businesses worldwide.

The company said that Crypto Accept currently supports (BTC) and Ethereum (ETH) cryptocurrencies for payment and will launch more cryptocurrencies in 2023.

Image source: Shutterstock

Source

Tagged : Bitcoin / Bitpay / Blockchain / News / WOLF & COMPANY

Equinox Group to Start Accepting Crypto Payments

by Blockchain NewsMay 4, 2022

Equinox Group, one of the most popular luxury health and fitness clubs in the United States, is now permitting its members to pay for their membership subscriptions in cryptocurrencies.

While ranking as the very first gym centre to accept Bitcoin, it is not the first luxury brand to lend support to the nascent asset class in North America.

Equinox Group has partnered with crypto payments service provider, BitPay for the service, and per the new push, crypto owners can largely take advantage of the new payment model through the digital assets that BitPay is supporting.

“More than ever, consumers are making luxury purchases through cryptocurrency, and offering cryptocurrency as a form of payment enables Equinox to continue to meet their community where they are,” the company said in a statement.

It is not uncommon to find businesses now accepting Bitcoin and stablecoins as a means of payment as the demand for these digital currencies is going mainstream. More than ever, a higher number of individuals now hold crypto, and many are exploring avenues to spend their digital assets.

By permitting users to pay in cryptocurrencies, Equinox Group will be setting a precedent that may be emulated by a number of other players in the fitness industry. Equinox has as many as 35 clubs in New York City, with over 100 scattered across the country. Subscriptions on a monthly basis can be as high as $250.

Luxury auto brand Tesla Inc also supports Bitcoin as payment for its electric vehicles. While the company, under the leadership of Elon Musk has halted this service citing the coin’s environmental unfriendliness, Tesla has shone its radar on Dogecoin (DOGE) which it accepts as a means of payment for Tesla merchandise.

While companies are notably adopting crypto payments, a select number are backtracking on their decisions to accept cryptocurrencies with Wikipedia being the latest of these firms.

Image source: Shutterstock

Source

Tagged : Bitpay / Enterprise / EQUINOX GROUP

Nium Pairs with Bitpay to Launch API-based Solution, Enhancing Crypto Payments for Business

by Blockchain NewsApril 8, 2022

Payments platform Nium has launched an API-based solution called “Crypto Accept”, which aims to provide crypto payments to businesses worldwide.

The company said that Crypto Accept currently supports (BTC) and Ethereum (ETH) cryptocurrencies for payment and will launch more cryptocurrencies in 2023.

Nium is a fintech company that develops a global platform for business payment needs. It is also a payments platform redefining the way consumers and businesses of spending and receives funds across borders. Its goal is to make the movement of money seamless by being a universal plug for financial services.

Joaquin Ayuso de Paul, Senior Vice President and Head of Nium Crypto, said that:

“Consumers hold more than $3 trillion in cryptocurrency and are looking for more places to spend this money online, Crypto Accept allows merchants to quickly and securely enhance their digital commerce experiences to serve consumers demanding more payment options.”

Merchants or businesses can make crypto payments through Crypto Accept with zero price volatility or risk. And settle into the business’s bank account the next business day in US dollars or other major fiat currencies.

Nium said the partnership with BitPay will provide thousands of merchants with a fast, secure and straightforward way to embed crypto payments into their online businesses.

Consumers can use a crypto wallet and scan a quick response (QR) code to complete the transaction.

BitPay, a US-based bitcoin payment service provider, allows buyers to make purchases using cryptocurrencies, such as Bitcoin, Ripple, Ether, and Bitcoin Cash and dollar-pegged stablecoins like USD Coin (USDC).

Image source: Shutterstock

Source

Tagged : Bitcoin / Bitpay / Blockchain / CRYPTO ACCEPT / Industry / Nium

Mastercard Enhances Crypto Wallet and Exchange Business

by Blockchain NewsJuly 21, 2021

Payment giant Mastercard announced Tuesday to enhance its function and experiment for cryptocurrency wallets and exchanges to their clients. The card issuer cooperates with multiple crypto enterprises to make conversion of crypto and traditional fiat money easier.

In a statement, Mastercard reveals its ambition of enhancement to the existing crypto card program with multiple partners. The card issuer considers Evolve Bank & Trust and Metropolitan Commercial Bank to issue cards, Uphold and BitPay to provide real-time crypto wallet technology, i2c Inc., Apto Payments and Galileo Financial Technologies to support processing and program management.

Meanwhile, Paxos and Circle will use their platforms to convert crypto to fiat through fiat-backed stablecoins, a class of cryptocurrency that offers price stability and is backed by reserve assets.

Raj Dhamodharan, executive vice president of digital asset and blockchain products & partnerships at Mastercard, welcomed the partnership and said:

“Not all crypto companies have the foundational infrastructure to convert cryptocurrency to traditional fiat currency and we’re making it easier…Mastercard expects to deliver on our the promise of consumer choice to provide options to people around the world on how and when to pay,”

This is “a critical step in expanding the ecosystem and safely, securely and compliantly setting the stage for the future of crypto payments,” the statement added.

Mastercard understands the growing demand for digital payment from its customers. More than 93% of clients considered adopting innovative payment methods, such as biometrics, digital currencies, and QR codes. Therefore, the payment platform has announced in February to support direct crypto payments by allowing cardholders to transact crypto on its network this year directly.

Meanwhile, Visa, one of the major competitors to Mastercard, their visa cardholders has spent more than $1 billion worth of crypto in the first six months this year by consumers globally. Recently, Visa expanded its business in Australia by approving an Australian startup CryptoSpend to issue debit cards for its customers to consume through cryptocurrencies.

Image source: Shutterstock

Source

Tagged : APTO PAYMENTS / Bitpay / Circle / Cryptocurrency / EVOLVE BANK & TRUST / Exchanges / GALILEO FINANCIAL TECHNOLOGIES / I2C INC. / Mastercard / METROPOLITAN COMMERCIAL BANK / PAXOS TRUST COMPANY / UPHOLD

U.S. National Republican Congressional Committee To Accept Crypto Donations Through Bitpay

by Blockchain NewsJune 18, 2021

In one of a kind move, the House Republican campaign arm, the National Republican Congressional Committee (NRCC) in the United States, has announced an acceptance of cryptocurrencies as donations to its campaign efforts.

According to a report by Axios, the NRCC will become the first national party committee to test this new form of virtual financial assets, defying the ongoing claims of the environmental concerns attached to these new asset classes.

Per the report, the crypto donations will be received through Bitpay and converted to the U.S. dollar immediately. Individual contributions have been boosted to $10,000 per individual per year. This implies that the NRCC will not keep custody of the potential crypto donations from the masses; instead, it solicits the proceeds from their sales.

“We are focused on pursuing every avenue possible to further our mission of stopping Nancy Pelosi’s socialist agenda and retaking the House majority. And this innovative technology will help provide Republicans (with) the resources we need to succeed,” Rep. Tom Emmer (R-Minn.), the NRCC chairman, said in a statement.

The move has been seen by many as bullish for Bitcoin and the entire cryptocurrency ecosystem. The support for crypto donations by the NRCC tilts the arguments of irrelevance in Bitcoin’s favour, as major critics drawing on the transparency of crypto transactions will now have a more formidable audience to deal with.

Crypto Influences US Political Terrain

Despite the various criticisms it holds, Digital currencies have always been a tool that features prominently in American politics and governance. For example, pro-Bitcoin election candidates have often embraced crypto donations before the NRCC’s move. And many use crypto as one of the key agendas of their campaigns.

Andrew Yang, The democratic candidate, running for the office of New York City Mayor, has expressed his willingness to turn the city into a hub for Bitcoin (BTC) and other cryptocurrencies. Meanwhile, the Miami mayor’s intentions in establishing a Bitcoin hub has also been translated into a political move to win over the hearts of crypto enthusiasts.

Image source: Shutterstock

Source

Tagged : Bitcoin / Bitpay / Cryptocurrencies / NRCC / Politics

NRCC To Accept Crypto Donations Through Bitpay

by Blockchain NewsJune 18, 2021

In one of a kind move, the House Republican campaign arm, the National Republican Congressional Committee (NRCC), has announced an acceptance of cryptocurrencies as donations to its campaign efforts.