© Reuters
ATLANTA – BitPay, a leading provider of cryptocurrency payment services, has expanded its digital currency offering, enabling transactions with several new cryptocurrencies at high-end retailers. The company now supports (UNI), Chainlink (LINK), (BNB), and Basic Attention Token (BAT (LON:)), in addition to its existing options. This move allows customers to use these coins at prominent retailers such as Gucci and Ralph Lauren (NYSE:).
Founded in 2011, BitPay has come a long way from its origins as a Bitcoin-focused platform. Having raised more than $70 million in funding from investors, BitPay has expanded its reach to accommodate a wide range of digital currencies. CEO Stephen Pair highlighted BitPay’s dedication to making crypto payments more accessible globally.
In addition to facilitating purchases at luxury retailers, BitPay’s portfolio of services serves substantial transactions, including those for high-value items such as cars and homes. Additionally, the company has enhanced its Bill Pay feature to support major banks and auto financiers, reflecting the growing trend of integrating cryptocurrencies into everyday financial activities. This expansion of BitPay underscores the cryptocurrency industry’s ongoing efforts to diversify the practical uses of digital currencies in various transactions.
This article was generated with the support of AI and reviewed by an editor. For more information consult our T&C.
