BitPay, a bitcoin payment service provider, now supports payment in the DAI stablecoin and wrapped bitcoin (WBTC), the company announced in a press release. Settlement in DAT and WBTC is expected to be available later this month.
Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.
BitPay's clients use cryptocurrencies to solve real-world payment challenges in countries with hyperinflation, believes BitPay's Chief Commercial Officer, Sonny Singh.
"Adding Dai and WBTC to the mix of cryptos that BitPay supports offers these businesses fast, safe and secure alternatives to traditional payment methods," Singh added.
As a result, DAI and WBTC expand BitPay's current list of cryptocurrencies in addition to bitcoin (EXANTE: Bitcoin), bitcoin cash (BCH), ether (ETH), dogecoin (DOGE) and stablecoins USD coin (USDC), gemini dollar (GUSD), paxos (PAX) and binance dollar (BUSD).
Earlier in April, BitPay entered into a partnership with WeWork, a commercial real estate startup. With BitPay, WeWork will accept payments in cryptocurrencies. The real estate startup also announced it will hodl cryptocurrencies on its balance sheet.
Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange.