BitPay groups up with MoonPay

BitPay has partnered with MoonPay, growing the tokens accessible on the BitPay app. BitPay is waiving all transaction charges for first-time patrons.

Partnership to increase fee choices for BitPay customers

BitPay’s partnership with MoonPay now permits customers to buy greater than 60 of the highest cryptocurrencies by means of a wide range of fee choices comparable to credit score and debit playing cards, Apple Pay, Google Pay, and native financial institution transfers.

To rejoice this collaboration, BitPay is providing a limited-time promotion of no transaction charges for first-time patrons on their crypto purchases. 

BitPay was based in Could 2011, and it provides bitcoin fee processing options for retailers. BitPay has processed over $5 billion in fee quantity since its inception.

The fee service supplier has added a number of cryptocurrencies over time, together with ethereum (ETH), dogecoin (DOGE), bitcoin money (BCH), litecoin (LTC), a number of stablecoins, and extra.

Whereas BitPay has launched different cash earlier than, the most recent partnership with MoonPay exposes its service provider community and shoppers to an entire array of altcoins and tokens for the primary time, making it an necessary milestone for the corporate.

“This partnership is a vital step ahead in our mission to onboard the world to Web3, offering folks all over the world with simpler entry to digital property and companies.”

Harry Peatson, companion account supervisor, MoonPay.

Again in September 2022, BitPay famous that regardless of the risky market circumstances, BTC was nonetheless the preferred cryptocurrency used for funds on their platform.

Within the first quarter of 2022, gross sales volumes of bitcoin-based funds on BitPay accounted for 52% of their complete transactions, down from 87% the earlier 12 months. Given BitPay’s transfer to increase its token providing, it’s potential that this development will proceed as customers achieve publicity to alternate options.

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