BitPay Partners with Banxa to Expand Global Payment Methods for Digital Assets
BitPay, a cryptocurrency payment application, has announced its partnership with settlement provider Banxa. This collaboration allows BitPay users worldwide to purchase various digital assets, including Ripple (XRP) and Shiba Inu (SHIB), using different banking methods and fiat currencies.
“BitPay is excited to announce our newest partner, Banxa. Together, BitPay and Banxa are expanding the payment methods available to BitPay users in the Wallet app and online at the BitPay website,” the team disclosed.
According to the official statement, crypto investors from different regions can use local payment methods. Users in the Netherlands can utilize iDEAL, an e-commerce system that enables online transactions using bank credentials. European customers can use SEPA, while those in the US can take advantage of ACH for electronic settlements and money transfers.
Ripple (XRP) and Shiba Inu (SHIB) Experience Significant Price Surges
XRP and SHIB, two of the supported cryptocurrencies by BitPay, have seen notable price increases recently. XRP reached a two-month high of over $0.58, while SHIB surged approximately 10% in the last 24 hours and 20% on a weekly basis.
Hot Take: Expanding Access to Digital Assets Through Payment Partnerships
The partnership between BitPay and Banxa is an exciting development for crypto enthusiasts worldwide. With this collaboration, users can now conveniently purchase Ripple (XRP), Shiba Inu (SHIB), and other digital assets using various banking methods and fiat currencies. This expansion of payment options enhances accessibility and adoption of cryptocurrencies, making it easier for individuals from different regions to participate in the crypto market. Additionally, the recent price surges of XRP and SHIB demonstrate the growing interest and potential profitability of these assets. As the crypto industry continues to evolve, partnerships like this will play a crucial role in driving its mainstream adoption.
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