Ethereum Is On Fire After BitPay Announcement

BitPay, one of the largest blockchain payment providers announced that its customers will soon be able to accept Ethereum payments. Currently BitPay accepts Bitcoin (BTC), Bitcoin Cash (BCH), Gemini Dollars (GUSD), Paxos (PAX), and Circle USD Coin (USDC) cryptocurrencies.

BitPay is consistently at the forefront of using cryptocurrency to solve real-world problems and offer our global customers the best options to accept and pay with multiple blockchain assets. As one of the largest crypto currencies by market cap and one used by thousands of companies, Ethereum is the next logical choice

said Stephen Pair, CEO of BitPay

Ethereum is the second-largest cryptocurrency by market capitalization. ETH is more than money. It’s the fuel that runs the digital economy, the substrate to the future of capital markets, and the settlement layer of Earth.

Ethereum price has been dwindling for weeks but just after the recent BitPay’s announcement, Ethereum price has gone up to $199 and most likely it will break the $200 barrier.

What is BitPay?

Founded in 2011, BitPay is the pioneer and the most experienced company in bitcoin and blockchain payments. Its suite of products enables businesses to send and receive cross border payments, also enabling consumers to manage digital assets with the BitPay Wallet and turn digital assets into dollars with the BitPay Prepaid Visa cards.

Ethereum /USD Six Months Price Chart