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Payment solution BitPay will soon accept ethereum, the second-largest cryptocurrency by market capitalization, according to an announcement from the company today. With BitPay, subscribing businesses will be able to pay in bitcoin, bitcoin cash, and ether, along with a handful of stablecoins.
“BitPay regularly evaluates blockchains and cryptocurrencies to support the company’s goals of making it easy to send and receive payments for goods and services globally. We selected ethereum as it has broad support for real-world applications and is widely adopted.”
Narrowing it down, BitPay CEO Stephen Pair said ethereum was the next logical choice due to its current market base. “As one of the largest cryptocurrencies by market cap and one used by thousands of companies, Ethereum is the next logical choice,” he concluded.