Financial news

BitPay, the Bitcoin and cryptocurrency payment service provider, has launched an updated payment experience for crypto customers, including support for a range of new cryptocurrencies.

Customers making crypto payments via the BitPay platform will now have to ability to pay with community-driven assets like Uniswap (UNI), Binance Coin (BNB), Chainlink (LINK), Cronos (CRO), VERSE (VERSE), Basic Attention Token (BAT), and more. The new tokens add to BitPay’s existing list of supported cryptocurrencies that customers can use to pay for everyday essentials and high-ticket items.

BitPay’s invoicing system has also seen a range of new features introduced – aiming to achieve a more seamless payment experience. These include:

1. A simplified payment user interface (UI); looking to make its payment process more intuitive.
2. ‘WalletConnect 2.0’: This new feature enables customers to connect web3 wallets to any BitPay invoice.
3. Asset and balance detection: Invoice UI will automatically display the assets and balances held within a customer’s wallet, making it easier to choose the best payment methods.
4. Customers can now also pay invoices using the BitPay Wallet app to make payments. Users can send invoices to the customer’s device to finalise a transaction.
5. Finally, BitPay has introduced a cosmetic tweak with dark mode, so that customer invoices match their system display settings.

Stephen Pair, CEO of BitPay, also explained the importance of the new developments for its platform: “BitPay is committed to making crypto payments easy and accessible for all. These updates and all of the newly supported assets mark an invitation to crypto customers: pay for what you need and splurge on what you want.”

The new additions and updates join BitPay’s existing capabilities, such as paying for goods at top merchants like PacSun, Gucci, Ralph Lauren, and AMC Theatres, using BitPay’s payment processing.

BitPay Bill Pay also means consumers can use crypto to help them pay off credit card bills, car payments, loans, mortgages, and other debts.