Cryptocurrency payment gateway BitPay and its BitPay card www.deekpay.com

What is BitPay

BitPay is an Atlanta, GA based company that providesPayment Gatewaysolutions software company founded in 2011. They specialise in crypto payment processing and support various currencies such as Bitcoin, ETH, XRP and LTC. With over 100,000 customers and processing over $1 billion in crypto payments, BitPay provides software solutions for billing, invoicing, and accounting. Customers can set prices in fiat currencies such as USD, EUR, or GBP, and when a user pays in cryptocurrency, BitPay automatically converts it to fiat currency and deposits the funds into the merchant's account.

BitPay currently operates in more than 40 different countries and supports other coins such as Ether, Dogcoin, Bitcoin Cash, Litecoin and five other stablecoins (USDC, GUSD, BUSD, DAI and PAX).Cryptocurrency payments.

With an advanced payment engine, BitPay is the world's largest cryptocurrency payment processor dedicated to facilitating borderless payments, consumer cryptocurrency payments, and the widespread adoption of cryptocurrency payments.

With the BitPay card, any user can use their bitcoin reserves to make payments across the MasterCard network. In addition, BitPay offers services such as the BitPay Wallet, where users can manage and use bitcoins, as well as convert them to U.S. dollars for use with the BitPay card.

Key Benefits of BitPay

Multi-language support. BitPay supports the most popular languages, including Russian. Simple user interface. Open source crypto payment platform.BitPay wallet can be viewed, researched and maintained and can be verified for user unacceptable vulnerabilities and functionality. Integrates with hardware wallets Ledger and Trezor. Multi-signature support. Processes bitcoins through internal exchangers. Uses passwords as an additional protection scheme.

How BitPay works

BitPay's core software, known as the "API Platform", allows merchants and businesses to create their own custom applications when they want to accept cryptocurrency payments. To date, there are more than 60 integrations to the platform's accounting software, further streamlining business operations and accelerating the adoption of cryptocurrencies as a medium of exchange.

It is worth noting that there are many benefits for users who use BitPay's API platform. One of the biggest advantages is the ability to easily and conveniently accept cryptocurrency payments from all users, regardless of their location. This is a timely and practical payment gateway solution, as many businesses currently struggle with cryptocurrencies due to the technical knowledge required to set up a system to receive them, as well as the high price volatility. BitPay has taken the extra step of providing technical and customer support guidance for businesses that are unsure if they should accept cryptocurrency payments. The platform's API system accepts a wide range of crypto assets outside of traditional payment methods such as credit cards, debit cards, and electronic payments.

One of the distinctive features of the API platform is that it automatically protects merchants from the dramatic fluctuations that the cryptocurrency space is notorious for. This is because the system liquidates deposited cryptocurrencies.

What is BitPay Card

The BitPay card is a prepaid MasterCard that allows users to instantly convert cryptocurrencies into legal tender. The currency is then loaded onto the card and can be spent anywhere MasterCard debit cards are accepted worldwide. Users can also use the BitPay card for online transactions and ATM withdrawals. The BitPay card promotes the use of cryptocurrencies by converting them to legal tender, bridging the gap between real and virtual currencies.

The BitPay Prepaid MasterCard launches in June 2020.

How BitPay cards work

Unlike a credit card, the BitPay card acts as a reloadable prepaid debit card. In exchange for the 1% Fixed Settlement Fee, businesses can accept Bitcoin as payment and receive direct bank deposits in the currency of their choice. With BitPay, users can settle payments in multiple currencies and make direct bank deposits in 38 countries. Bitcoin can be settled in 233 countries.

BitPay announced in February 2021 that BitPay Prepaid MasterCard holders will be able to add their cards to Apple Wallet and use Apple Pay. Additionally, customers waiting for a physical card can add a virtual card to Apple Wallet through the BitPay Wallet app and make purchases immediately.

As of September 2020, the industry that accepts the most cryptocurrency payments via BitPay globally is the prepaid and gift card industry, which accounted for 26.3% of all BitPay payments. According to AksjeBloggen, Bitcoin payments are most widely used in the financial services and internet industries, with 23% of companies using the cryptocurrency.

Currently, BitPay supports 14 cryptocurrency settlements as well as direct bank deposits in 9 countries. The following cryptocurrencies are supported:

Bitcoin (BTC) Bitcoin Cash (BCH) Ethereum (ETH) Wrapped Bitcoin (WBTC) Dog Coin (DOGE) Litecoin (LTC) Shiba Inu (SHIB) Ape Coin (APE) Six stablecoins pegged to the US dollar (GUSG, USDC, USDP, DAI, BUSD, PYUSD) European Currency (EUROC) Polygon (MATIC) Ripple (XRP) ERC-20 tokens on the ethereum network

In addition to the payment service and the BitPay Card, BitPay offers the BitPay Wallet application, where users can manage and spend Bitcoins, or convert them to U.S. dollars and spend them using the BitPay Card. Additionally, the BitPay Wallet app supports many different options for purchasing and storing cryptocurrencies as well as making online payments. Users can instantly purchase gift cards from nearly 100 merchants, retailers and restaurants.

Atpay - we are a professional provider of payment solutions and have been deeply involved for many years inIndia PaymentsWe have successfully provided payment functions for countless customers at home and abroad. We are fully confident in payment integration and high-risk payment processing, and welcome inquiries and exchanges.