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BitPay Will Ask Customers Photo ID for Purchases Over $3K in Bitcoin

posted on August 13, 2019 by in Bitcoin

It is reported, that cryptocurrency payment processor BitPay is implementing new identity verification methods for some high-value payments, refunds and payouts. According to the report, after the launch of BitPay ID, users will have to go through the one-time verification process and provide following data – Social Security or passport number, and photo ID. However, the new method will apply only in cases where users need to make a high-value payment of $3k or more to a BitPay merchant, to request a refund over $1k, to receive BitPay payouts or to get its prepaid product.

 

Major UK Travel Management Company To Accept Bitcoin Payments.

posted on April 16, 2019 by in Bitcoin

It is reported, that the largest UK travel management company, Corporate Traveller, is accepting BTC for payments from now on. According to the report, Corporate Traveller has partnered with crypto payments company BitPay, in order to allow business travel management services to SME companies to accept BTC.

Canadian Jewelry Retailer Now Accepts Bitcoin Payment

posted on November 28, 2018 by in Bitcoin

It is reported, that one of the oldest luxury jewelry retailers in Canada, Birks Group, is now accepting bitcoin payments at some stores. According to the announcement, the firm has partnered with U.S.-based bitcoin payments processor BitPay to allow fast, easy and more secure purchases for customers. At the moment, bitcoin payments are permitted at 8 out of 26 the group’s stores that operate across Canada. Rolex, Bulgari, Cartier, and Breitling are some of the brands that are available for purchase through bitcoin.

BitPay Payment Processor To Utilize Paxos Stablecoin

posted on November 21, 2018 by in Other crypto

It is reported, that crypto startup Paxos is collaborating with payments firm BitPay to allow traders to utilize the Paxos Standard stablecoin for transactions. According to the announcement, it will allow BitPay clients to carry out transactions using a cryptocurrency while maintaining the “the trust and stability of the U.S. dollar,”. According to co-founder and CEO Stephen Pair, adding the PAX token would enable low-cost transaction settlements. The token was first revealed in September, as one of the first stablecoins to be approved by the New York Department of Financial Services.

Bitcoin Cash Price Jumps as BitPay Confirms BCH Retail Payments

posted on April 24, 2018 by in Bitcoin Cash

BitPay Checkout services, used by brick-and-mortar businesses, will now accept BCH payments, so customers will have a choice whether to pay with BTC or BCH. With 1% processing fee and integration with companies such as Shopify, 3DCart and Bitmonet, BCH users will find the new update favorable. The news caused BCH price go up by 19% and the market cap has also doubled within a week, climbing from $12 bln to $24 bln.

Bitpay Startup Raises $40 Mln in Series B Round

posted on April 4, 2018 by in Blockchain

The blockchain payment startup had a very successful Series B round, thanks to the participation of venture capital firms Menlo Ventures and Aquiline Technology Growth. Initially, Bitpay, which processes Bitcoin payments for merchants, planned to launch a $30 mln Series B funding round, but had to expand it due to high demand, according to Bitpay CEO Stephen Pair.

South Korean Exchange Bithumb Partners with BTC Payment Service Provider Bitpay

posted on March 16, 2018 by in Exchanges

This new cooperation means that businesses will now be able to convert invoices to BTC and with the help of BitPay settle them faster and cheaper, compared to conventional bank-based remittance channels. Chief commercial officer Sonny Singh added: “Right now, people are doing cross-border payments and paying bank wires, FX fees around 4% and it takes about four days. Using Bithumb and BitPay, we’re able to make this a 1% fee in one business day”.