Technology

BitPay Integrates Support for BNB, LINK as Payment Option – Crypto News

Published

3 years ago

January 9, 2024

Dripp

BitPay, a leading cryptocurrency payment service provider, has taken a significant step forward by integrating support for Binance Coin (BNB), and Chainlink (LINK), amongst other coins as payment options on its platform.

BitPay Extends Support to Altcoin

As announced, the decision to integrate BNB and LINK by BitPay came to offer users a more comprehensive range of payment choices to complement its current options. BNB, the native token of the Binance exchange, and LINK, the native token of the Chainlink decentralized oracle network, have gained prominence in the crypto space due to their unique utilities and strong market presence.

With the support for BNB and LINK, merchants and consumers can now leverage these tokens for seamless and secure transactions. Meanwhile, this integration goes beyond Bitcoin (BTC) and Ethereum (ETH), showing BitPay’s commitment to keeping pace with the evolving crypto landscape and catering to the diverse preferences of its user base.

In addition to BNB and LINK, customers can also make crypto payments via the BitPay platform with Uniswap (UNI), Cronos (CRO), VERSE, Basic Attention Token (BAT), and lots more. Undoubtedly, BitPay acknowledges the unique value propositions these tokens bring to the table, contributing to the overall maturation of the cryptocurrency industry.

As businesses increasingly embrace cryptocurrency payments, BitPay’s expansion of supported tokens positions it as a key player in facilitating this transition. Merchants can now tap into a larger pool of potential customers who prefer using BNB, LINK, and other tokens for their transactions, creating a win-win situation for both businesses and cryptocurrency enthusiasts.

BitPay Enables Global Support for XRP

Recall that in August, BitPay announced that it had added XRP support for global instant transactions. Effective from the day of the announcement, BitPay users can purchase XRP, securely store it using self-custody within the BitPay wallet, engage in gift card transactions, execute XRP swaps, and engage in transactions with BitPay merchants.

Moreso, the announcement marked a significant leap for both users and merchants. Merchants across the board can welcome XRP payments from a network of over 100 wallets. Neither users nor merchants need to undertake any extra steps to initiate XRP utilization and acceptance.