Coindesk reports that BitPay, a payment solution platform, is planning to allow merchants to accept ETH. With BitPay, subscribing businesses will be able to pay in bitcoin, bitcoin cash, and ether, along with a handful of stablecoins.
Bitpay, which launched in 2011, now offers both fiat and crypto payments in over 200 countries.
Speaking on the addition, ethereum co-founder and creator, Vitalik Buterin said it was exciting to see BitPay “leading the way in integrating ethereum into global payment systems.”
He added, “This truly opens up a new world of possibilities for the Ethereum ecosystem, and together we can continue to be a leading innovator for real-world use cases for cryptocurrencies.”
BitPay spoke to Coindesk and told them, “BitPay regularly evaluates blockchains and cryptocurrencies to support the company’s goals of making it easy to send and receive payments for goods and services globally. We selected ethereum as it has broad support for real-world applications and is widely adopted.”
BitPay CEO Stephen Pair said ETH was the next logical choice due to its current market base. “As one of the largest cryptocurrencies by market cap and one used by thousands of companies, Ethereum is the next logical choice,” he commented.