BitPay now supports BUSD stablecoin

The number 1 payment in cryptocurrencies, BitPay, now supports payments in Binance USD (BUSD) on his service.

Since Monday, BitPay allows its merchants to accept the stablecoin backed by the US dollar launched by Binance in collaboration with Paxos in September 2019.

The partnership with Binance goes beyond supporting another stablecoin, it's about making cross-border payments simple and easy for both companies by leveraging the global influence of Binance Exchange. With BUSD, BitPay Expands Blockchain Payment Choices For All Our Customers, ”said Stephen Pair, CEO of BitPay, in a statement shared with Cryptaut.

BitPay already supported several stablecoins, namely USD Coin (USDC), Gemini Dollar (GUSD) and Paxos Standard (PAX).

At the start of the year, the firm that prides itself on processing more than $ 1 billion in crypto transactions also added support for Ripple cryptocurrency, XRP, on his service.

The partnership with BitPay will allow merchants and companies around the world to accept BUSD, the NYDFS approved USD denominated stablecoin, ”said Changpeng Zhao, founder of Binance.

We learn that as part of this collaboration, the American crypto-payment processor will also process donations for the Blockchain Charity Foundation, a non-profit entity that promotes the use of blockchain technology in humanitarian projects and with charities.

Lately, the payment solutions provider Can associated with BitPay in order to integrate payment into Bitcoin and cryptocurrencies in its POS terminals used by more than 100,000 merchants.