BitPay Launches Crypto-Asset Salary Payment Service

One of the largest cryptocurrency payment operators Bitpay launched a service for payments to employees, contractors, customers and suppliers in cryptocurrencies.

Bitpay announced the launch of the new Bitpay Send service, focused on international companies and Short -term contracts market companies, who want to pay several employees and contractors in cryptocurrencies online at the same time.

“Payments through blockchain are becoming more popular, Because they offer a simple way to send and receive money on a global scale ", – Said Bitpay Director Stephen Pair (Stephen Pair).

Pair said, that companies uses do not need to buy, control or manage cryptocurrencies, And the employees, Contractors, customers and suppliers of the organization will receive payments faster and with lower costs.

Bitpay Send allows companies to perform various payment functions, Including wages, Requests for the withdrawal of customer money, Payments to contractors, issuance of remuneration and calculations with sellers on a trading platform.

Recipients must have Bitpay ID and cryptocurrency wallet, to receive payments, And the commission is charged from companies in the amount 1%. Currency exchange commissions. Pair notes, that the launch of a new service will allow Bitpay to compete with companies, who are engaged in the calculation and transfer of wages in cryptoactives, eg, BitWage.

Recall, that in July, Bitpay announced
On the addition of optional support for SEGWIT addresses due to the increased number of customer requests.