The BitPay online cryptocurrency payment processor has just sent out an alert announcing that merchants can now officially accept Bitcoin Cash. The company cited low transaction fees as one of its main reasons for adopting the relatively new cryptocurrency.
"Today we are pleased to announce that BitPay merchants can now accept payments in Bitcoin Cash (BCH). It is now easy for BitPay merchants to do business with a growing passionate community of Bitcoin Cash users and accept a currency with a market capitalization of more than $ 15 billion.
... And since Bitcoin Cash costs only cents (or less) for customers to send, it's ideal for BitPay merchants who want to accept blockchain micro transactions for things like video games, food delivery or application downloads. "
BitPay says it is also working to allow settlements on its platform using Bitcoin Cash.
The company has reported rapid growth in recent months and says it is on track to process more than US $ 1 billion per year, and that its merchants now earn more than US $ 110.00,000 in monthly payments. In Asia, the BitPay partnership with AsiaPay now processes payments from Nike and Tesla. The company also operates in Europe, South America and recently made news to process real estate transactions in the United States.
As for the king of cryptography, Bitcoin, developers are driving a rapid deployment of Lightning Network. The new solution outside the chain is designed to drastically reduce the cost of Bitcoin transactions and cause a large increase in speed.