BitPay recently announced that it is introducing the new identification process as a significant part of BitPay Dashboard, which is high-value payment of 3,000 dollars or more to a BitPay trader, to demand a refund of 1,000 dollars or more. The BitPay Dashboard gives clients access to transaction history and a customized home page for their blockchain payments and future BitPay payment features.
A popular cryptocurrency payment gateway, BitPay which allows crypto-to-fiat for vendors has suddenly cut its support for users from Germany with little explanation. Many suspect BaFin which has passed a new regulation which comes into force from February 1, 2020 and also its push to EU to adopt similar law, might have scared BitPay off and forced it to shut its doors in Germany.
A Colombian outsourcing firm, Center Source SAS have shared that they have been adopting BitPay to speed up the payments process for their international customers. The CEO of Center Source, Michael Biedronski explained, “…It has opened up our outsourcing business allowing us to pursue clients looking for nearshore call centre services that accept blockchain payments.”
The BitPay revealed that the Copay wallet was compromised with a malicious code to the versions 5.0.2 through 5.1.0. It is said that the BitPay application remains unaffected. The company stated, “We are still investigating whether this code vulnerability was ever exploited against Copay users.” A secured version (5.2.0) would be released soon for Copay and BitPay users.
BitPay, a cryptocurrency payment processor, has announced their plan to list stablecoin, Paxos. The CEO of BitPay, Stephen Pair explained, “We are furthering this mission by allowing our customers around the world to receive fast and low-cost settlement using the USD backed Paxos Standard token. Paxos shares our vision to empower businesses across the globe to secure payments that are fast and stable.”
The Bitpay has enabled the merchants to receive payments in Gemini Dollars (GUSD) and Circle USD Coin (USDC). The company claimed in a blog post, “Because GUSD and USDC tokens exist on borderless blockchains, BitPay can now settle these US-dollar pegged stable coins to the merchants, wherever they are in the world- even if they don’t have bank accounts.”
Bitpay, the cryptocurrency payment provider, has recently unveiled that the European customers will no longer be able to use the cryptocurrency debit cards. Bitpay explained, “We are now working to sunset Bitpay accounts related to the Wave Crest-issued Bitpay card — In 30 days, we will be turning off access to your Bitpay card dashboard.”
Bitpay has been delisted from the Google Play Store. Bitpay is one of the well-known digital wallet service providers. There is no comment yet to be received from the digital wallet service provider company to explain the issue. Reportedly, it is observed that Bitcoin.com wallet and Copay have also been affected. Delisting of Bitcoin.com might be due to disturbing mining apps.
The BitPay has declared the launch of Bitcoin Cash option for merchants. The crypto is the second virtual currency settlement option enabled for BitPay merchants. The company stated, “BitPay merchants have been able to accept Bitcoin Cash payments from customers alongside Bitcoin payments. Now they can get their settlement payments in Bitcoin Cash too.”
BitPay has been granted BitLicense by the New York Department of Financial Services. The license permits the usage of BitPay platform for the acceptance of Bitcoin (BTC) and Bitcoin Cash (BTC) for purchases. The company is ranked as the eighth to have obtained the BitLicense from NYDFS in line with Square, bitFlyer USA, Coinbase, XRP II, and others.