— BitPay (@BitPay) September 16, 2019
According to the recent announcement, online merchants using BitPay, which includes the likes of Microsoft and FanDuel, will soon be able to enable Ethereum as a payment option without any additional integrations. Ethereum joins both Bitcoin (BTC) and Bitcoin Cash (BCH) as a payment option on the processor.
“BitPay is consistently at the forefront of using cryptocurrency to solve real-world problems and offer our global customers the best options to accept and pay with multiple blockchain assets,” said Stephen Pair, CEO of BitPay. “As one of the largest cryptocurrencies by market cap and one used by thousands of companies, Ethereum is the next logical choice.”
Ethereum founder Vitalik Buterin added, “It is exciting to see BitPay leading the way in integrating Ethereum into global payment systems. This truly opens up a new world of possibilities for the Ethereum ecosystem, and together we can continue to be a leading innovator for real-world use cases for cryptocurrencies.”
This bullish news comes at a good time for Ethereum, as the altcoin has been on the rise in recent weeks since bottoming at $165. ETH is currently up 2.9% on the day to $198.03, giving the second-largest cryptocurrency a $21.3 billion market cap.
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.