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BitPay, team up to offer a new way of bitcoin spending

Mon, 26 Aug 2019, 04:03 am UTC

Blockchain, a Bitcoin wallet and blockchain explorer provider, announced that it has entered into a partnership with Bitpay.

As per a blog post, Blockchain will integrate the payment architecture of Bitpay into its wallet service, allowing Blockchain users to copy or scan invoices and conduct a Bitcoin payment completely via the wallet app.

The new initiative enables users to avail products and services through BitPay’s online network while retaining ownership of the private keys via Blockchain Wallet.

We’re excited to see this new addition connect our Wallet users to the world of merchants that accept Bitcoin (and soon other cryptos) as a payment method – one of the key ways to interact with and grow the digital asset ecosystem,” Blockchain stated.

BitPay is one of the largest crypto payment processors in the world, having processed $2.8 billion from both individuals and business customers since 2011. Blockchain, on the other hand, is also one of the world’s biggest wallet providers with roughly 38 million users. Its wallet users reportedly account for nearly a quarter of all on-chain bitcoin transactions.

In May, AT&T became the first major US mobile carrier to accept cryptocurrency as a bill payment option. It also teamed up with UK-based business travel management services provider Corporate Traveller to start accepting bitcoin and bitcoin cash payments from its SME customers for business travel bookings.

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