Cryptocurrency Digital Payments News

BitPay Debuts Bill Pay, Enables Users to Pay Bills with Cryptocurrency

BitPay Debuts Bill Pay, Enables Users to Pay Bills with Cryptocurrency

BitPay Bill Pay makes paying bills with crypto as convenient and secure as any other payment method

BitPay, the world’s largest provider of Bitcoin and cryptocurrency payment services, announced the launch of BitPay Bill Pay, a new solution that allows cryptocurrency users to pay bills directly from their crypto wallets. From credit cards and mortgages to car payments and personal loans, BitPay users can make payments to 5,000+ service providers.

BitPay Bill Pay is a convenient and secure option to pay off balances with practically any service provider directly from BitPay’s self-custody wallet application. Users download the BitPay app, automatically connect their bills, select their wallet and make payments. BitPay users can now use cryptocurrency to settle accounts, all without banks, wires or complicated conversion processes. BitPay Bill Pay expands BitPay’s already best-in-class crypto payment solutions, including its industry-leading crypto wallet application, payment processing, crypto debit card and browser extension.

Latest Fintech News: Incenter Insurance Solutions Launches Incenter Connect, Giving Companies The Ability To ‘Plug and Play’ Coverage Plans Into Every Deal

“Paying everyday bills without a bank account is a monumental step for the crypto and unbanked community,” says BitPay CEO, Stephen Pair. “BitPay customers are some of the most prominent crypto spenders in the world, so we believe this will be a game-changing solution for both crypto users and service providers.”

BitPay has teamed up with Method Financial, an embedded banking service, to pull bills and liabilities in real-time, ensuring BitPay users have the most up-to-date information regarding their accounts and balances.

“Method is proud to partner with BitPay in helping the crypto community expand the way it uses cryptocurrency and maintains financial health,” says Jose Bethancourt, Co-founder and CEO, Method Financial.

Latest Fintech News: AM Best Updates Net Capital Charge Tables Associated With Fannie-Freddie Mortgage Risk Transfers

BitPay supports paying bills with popular cryptocurrencies, including ERC-20 tokens and stablecoins: Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Dogecoin (DOGE), Shiba Inu (SHIB), Litecoin (LTC), ApeCoin (APE), Polygon (MATIC), Dai (DAI), USD Coin (USDC), Binance USD (BUSD), Wrapped Bitcoin (WBTC), Pax Dollar (USDP), Gemini Dollar (GUSD) and Euro Coin (EUROC).

BitPay Bill Pay is available to BitPay Wallet app users on Android and iOS devices in the following states: AlabamaAlaskaDelawareDistrict of Columbia, Florida, GeorgiaIllinoisIowaKansasMaineMassachusettsMississippiNebraskaNew JerseyNew MexicoOhioOregonSouth DakotaTennessee and Washington.

Latest Fintech News: Mercer County Launches Small Business Investment Program with SMBX

[To share your insights with us, please write to sghosh@martechseries.com]

Related posts

Bexplus Launches a Crypto Trading Platform with 100x Leverage & 100% Deposit Bonus

Fintech News Desk

Deloitte Digital Unveils Agentforce Accelerators in Collaboration With Salesforce and Anthropic for Trustworthy LLM Use Cases in Highly-Regulated Industries

PR Newswire

BGL Announces the Majority Recapitalization Of Persona Signs By Exeter Street Capital Partners To Form Persona-Triangle

Fintech News Desk
1