Merchant Payments to Soon Be Available on All Bitcoin Wallets Through BitPay

• BitPay recently announced this week that the firm is set to allow invoices to be paid from any bitcoin wallets or platform.
• Stephen Pair has said that the decision to enable merchant payments from any bitcoin wallet was primarily driven thanks to merchant feedback.

The leading provider of the bitcoin and cryptocurrency pending payment services, BitPay, recently announced this week that the firm is set to allow invoices to be paid from any bitcoin wallet or platform. The CEO of BitPay, Stephen Pair has said that the decision to enable merchant payments from any bitcoin wallet was primarily driven thanks to merchant feedback. This will put control back into the hands of more than 30,000 active merchants currently using the platform. 

He further went on to add:

“BitPay’s customers want to support all the Bitcoin wallets, just like they want to support all cryptocurrencies for payments. The company has decided to re-enable support for all wallets, which is referred to as plain vanilla peer-to-peer transactions.”

The CEO went on to highlight that phased rollout support to all Bitcoin wallets was already underway. Once the feature was integrated, merchants will be able to decide which wallets they want to see payments from and whether they want to accept it or not. Consumers would be able to use any wallet to make purchases from those merchants in question.

It was further noted by the CEO that merchants can take advantage of the peer-to-peer transactions without any requirements for technical development or integration. 

He went on to note:

“We are going to automate the whole process for merchants, since we already have experience doing this already. It’s very important for merchants to support all Bitcoin wallets, as this will greatly expand their potential to grow sales and acquire new customers.”

It will be interesting to see how this plays out. For more news on this and other crypto updates, keep it with CryptoDaily!