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Crypto payment platform BitPay has started accepting stablecoins GUSD and USDC. U.S.-based cryptocurrency payment processor BitPay has started accepting stablecoins, according to an announcement published Oct. 15. The company now allows its merchants to receive settlements in Gemini Dollars (GUSD) and Circle USD Coin (USDC). Founded in 2011 in Atlanta, Georgia, BitPay provides payment services with Bitcoin (BTC) and Bitcoin Cash (BCH) with a customer base of 20,000 businesses globally. GUSD and USDC are Ethereum (ETH) blockchain-based stablecoins issued by regulated crypto exchanges Gemini and Circle. The value of each of these coins is tied to the value of the U.S. dollar at a 1:1 ratio, which purportedly reduces the risk of volatility. BitPay says in its blog post that the stablecoins enable merchants to receive settlements in any part of the world even if they do not have bank accounts, since the coins exist on borderless blockchains. BitPay claims to issue settlement for GUSD and ..
The cryptocurrency market has had a terrible few months this 2018. Bitcoin, the leading cryptocurrency per market capitalization is also taking the lead in the price plummet. Irrespective of the rough few months, the number of projects being hosted on various blockchains have doubled since last year. Although many scam ICOs have become a source of worry to people within and outside the industry, the successful ones have provided the perfect environment for driving innovation and development in the cryptocurrency industry. Bitcoin (BTC) Price Today – BTC / USD Name Price24H (%)$6,463.26 0.22% Many critics have condemned ICOs claiming that they are no more than ponzi schemes used to extort money from unsuspecting individuals. Not everyone feels that way about the industry. The CCO of BitPay, Sonny Singh, claims that the present state of the cryptocurrency market as a whole shouldn’t be alarming to investors and spectators. He said that even with the high price volatility, the trajector..
The CCO of BitPay says altcoins will “never come back,” calling Bitcoin “the leader in the space” to rebound in 2019. The CCO of global crypto payment processor BitPay said that altcoins “will never come back,” while Bitcoin (BTC) will “rebound” in 2019, in an interview with Bloomberg September 12. The Chief Commercial Officer of BitPay Sonny Singh said that cryptocurrency markets are now on the threshold of a new stage of progress, which requires a certain “defining moment,” or a “catalyst.” According to Singh, that “defining moment” will come when big institutional investors, such as Goldman Sachs and BlackRock, “become real” in 2019. “But next year you'll see the talk of the big entrants become real, where you’ll see Goldman does launch a trading desk, Fidelity does launch a Bitcoin product, Square offers Bitcoin processing for merchants, BlackRock launches an ETF... So all that will become real, and you’ll see some adoption actually. And then [...] the price [will bounce] bac..