BitPay to process payments on multiple chains, starting with Bitcoin Cash

BitPay, a bitcoin, and blockchain asset payment company announced that soon merchants will be able to choose to use Bitcoin Cash or another blockchain payment method to complete their payments.

Customers will continue to be able to use bitcoin for purchases, but they will also be able to choose to use Bitcoin Cash or another blockchain payment (coming soon) method to complete their payments.

The BitPay says they will be notifying users way in advance of the launch of new payment methods, and users will have the ability to opt-out of offering any payment option to customers. Merchants also can continue to only receive the settlement type chosen, with zero volatility risk from price swings.

As for other blockchains, BitPay said:

“The BitPay team has been hard at work to prepare our platform and our products for multi-blockchain payments. We will be looking closely at network hashing power, security, usefulness for payments, adoption, and market value as key factors in our decisions on which blockchain payments our platform will support.”

Payment Protocol Update

In a follow-up to a previous announcement regarding requiring Payment Protocol for invoices, BitPay has now announced they are taking the next step to make Payment Protocol required for all transactions using the BitPay Card from Payment Protocol-compatible wallets.

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