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Cryptocurrency operator BitPay has added support for USD Coin (USDC), Gemini Dollar (GUSD) and Paxos Standard Token (PAX).
Now users of the service, including giants such as Microsoft and Avnet, will be able to receive payments from their customers in the above stablecoin.
"Thanks to this solution, business representatives can not resort to the help of expensive and complex cross - border Bank transfers, but instead bill customers in stablecoin, which are devoid of volatility risks, and are also a more effective tool due to fast and cheap transactions," commented BitPay CEO Stephen Pair.
According to Joshua Rawlins, managing Director for financial operations of Gemini exchange, sellers will be interested in fast, cheap and protected from various fraudulent actions payment calculations, and customers will be able to feel all the advantages of cryptocurrencies, without fear for their volatility.
Before the listing of stablecoins, BitPay provided the opportunity to make payments using bitcoin, bitcash and ether. In addition to these cryptocurrencies, the company also plans to add Ripley. It announced the plans after an agreement with Ripple's Xpring division.
#BitPay #stablecoins #USDC #GUSD #PAX #payments
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