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BitPay Unveils New Partnership with MoonPay

  • The partnership enables BitPay users to buy cryptocurrencies using MoonPay in an instant and at great rates.

  • Also, the partnership provides its users to access more than 60 of the world's most well-known cryptocurrencies.

  • To celebrate this partnership, first-time purchasers will pay no fees on their cryptocurrency transactions for a limited time.

27 Jan 2023 By : COIN GABBAR
BitPay Unveils New P

BitPay has teamed up with MoonPay to expand the number of tokens available on the BitPay app. BitPay is eliminating all transaction costs for first-time buyers.

BitPay's partnership with MoonPay now allows customers to purchase more than 60 of the leading cryptocurrencies. This also enables users to utilize a range of payment methods such as credit and debit cards, Apple Pay, Google Pay, and local bank transfers.

To celebrate this collaboration, BitPay is offering a limited-time deal with $0 transaction fees on crypto purchases for first-time buyers.

BitPay, which was founded in May 2011, provides merchants with bitcoin payment processing options. Since its start, BitPay has processed over $5 billion in payment volume.

Over time, the payment service provider has incorporated several cryptocurrencies, including ethereum (ETH), dogecoin (DOGE), bitcoin cash (BCH), litecoin (LTC), and others.

While BitPay has previously launched several coins, the latest partnership with MoonPay exposes the firm's merchant network and clients to a wide range of altcoins and tokens for the first time. On the development, MoonPay's partner account manager, Harry Peatson, said,

“This partnership is a crucial step forward in our ambition to bring the entire world on board with Web3. It will allow people all around the world to have easier access to digital assets and services.”

In September 2022, BitPay asserted that BTC remained the most popular cryptocurrency utilized for payments on their platform, despite fluctuating market conditions.

In the first quarter of 2022, BitPay's sales volumes of BTC-based payments amounted to 52% of all transactions. Considering BitPay's decision to increase its token offering, this trend may continue as users gain exposure to alternatives.

Also read: Leading Crypto Exchange Binance Introduced a New Feature