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December 14, 2019, 04:02:31 PM
Last edit: February 05, 2020, 02:14:32 PM by Thesaurum___Offical |
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The leading provider of Bitcoin (BTC) and cryptocurrency payment services, BitPay, announced on Feb. 4 that the company will soon allow invoices to be paid from any Bitcoin wallet or exchange.
BitPay CEO Stephen Pair told Cointelegraph that the decision to enable merchant payments from any Bitcoin wallet was driven by merchant feedback, putting control back in the hands of over 30 thousand active merchants currently using BitPay:
“BitPay’s customers want to support all the Bitcoin wallets, just like they want to support all cryptocurrencies for payments. The company has decided to re-enable support for all wallets, which is referred to as plain vanilla peer-to-peer transactions.”
Pair mentioned that a phased rollout to support all Bitcoin wallets has already begun. Once the feature has been implemented, merchants will be able to decide which wallets they will accept payments from, while consumers would be able to use any wallet to make purchases from those merchants.
Pair also noted that merchants can take advantage of peer-to-peer transactions without any required technical development or implementation, explaining:
“We are going to automate the whole process for merchants, since we already have experience doing this already. It’s very important for merchants to support all Bitcoin wallets, as this will greatly expand their potential to grow sales and acquire new customers.”
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