Today, bitcoin and blockchain payment company BitPay announced that merchants can now accept payments in Bitcoin Cash (BCH). Adding support for Bitcoin Cash is another step in BitPay’s vision for multiple blockchain payments.
Born from the infamous August 2017 fork of the Bitcoin (BTC) network and codebase, Bitcoin Cash (BCH) offers the same security, speed, and cost benefits of Bitcoin (BTC) for payments.
BitPay merchants can now accept payments for both blockchains and get direct bank deposits the next business day with just a 1% transaction fee.
The community around Bitcoin Cash praises the fact that it costs only pennies (or less) for customers to send payments. It is also a viable option for BitPay merchants who want to accept blockchain micro-transactions.
BitPay’s Modal Invoice Example
As to what is next, the BitPay team said:
“For our next steps, we are working to enable settlements in Bitcoin Cash, giving our merchants another way to get paid for payments accepted via BitPay. We will also bring Bitcoin Cash to our mass payouts product, which businesses can use to pay out vendors, affiliates, developers, and other payees worldwide.”
“Our team has put in a lot of work to make it possible for BitPay merchants to accept Bitcoin Cash. We look forward to your feedback as we continue to release improvements to this new feature.”