BitPay has recently announced the commencement of most-awaited option of payment settlement in the form of Bitcoin cash.
BitPay is the world leader in providing payment services to merchants around the globe. They have been known for providing dependable bank settlements for their merchants, as well as providing supports for fiat currencies as well as Bitcoin supports. Earlier the merchants had the option of settling their payments in the form of Bitcoin. But the transaction costs of Bitcoin were high enough to convert the merchants in using Bitcoin Cash.
the average #bitcoin transaction has a fee of 100,000 satoshis.
source: https://t.co/5qGCKGRtMo57.26% of all bitcoin addresses contain less than 100,000 satoshis.
source: https://t.co/F7Oz4c2GWh— Tony Gallippi (@TonyGallippi) November 17, 2017
“The addition of BCH as a payment option has been received with a huge positive feedback”
The addition of BCH as a payment option has been received with a huge positive feedback. Using BCH, the merchants can not only receive their payments in Bitcoin tokens but can also split the payment in BCH and fiat currency. According to BitPay, most businesses use their country’s native currency but many are opting for digital currencies as well. Therefore, including BCH as a payment option is an additional benefit to all the users.
Users can start using BCH right away. To get the settlements in BCH, the users have to register with the firm and enable the BCH option in the settings dashboard. They can also decide on how to receive in tokens and how much in cash
Bitcoin cash has an estimated global market value of $9 Billion and even with the increasing use of BCH, it hasn’t seen many uprising in the last few weeks, specifically above $500.
Discuss this news on our Telegram Community. Subscribe to us on Google news and do follow us on Twitter @Blockmanity
Did you like the news you just read? Please leave a feedback to help us serve you better
Disclaimer: Blockmanity is a news portal and does not provide any financial advice. Blockmanity's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Blockmanity won't be responsible for any loss of funds.
