[2017-07-27] Bitpay Will Not Suspend Services On August 1st

On July 27 the world’s largest bitcoin payment processor, Bitpay, announced its plans for August 1st. According to the company, there is a lot of “misinformation” concerning updating Bitcoin’s consensus rules and the firm does not plan to suspend services that day.

The Atlanta based Bitpay doesn’t think much will happen on August 1 and plans to keep operations going. The company is one of the largest bitcoin payment processors globally and deals with a lot of transactions daily. The company explains in its recent blog post that most of the Bitcoin network’s hashrate is directed at the NY consensus agreement at the moment and disruption should be minimal.

Read More Here >>> https://news.bitcoin.com/bitpay-will-not-suspend-services-very-little-risk-of-network-disruption-on-august-1st/