BitPay, the Bitcoinย (BTC) payment service provider, has announced the integration of Brave Wallet into its payment protocol. The integration would enable cryptocurrency wallet users to make payments directly from the privacy browser.
Weโre happyย to reveal that @brave now uses the BitPay Protocol, ensuring a more accurate and reliable way to spend cryptocurrency online and in-store. pic.twitter.com/Zdhllh9nxo
โ BitPay (@BitPay) May 23, 2023
Reportsย by an official press release, Brave Wallet users can shop with cryptocurrency at thousands of top merchants online and in-store, including Newegg, APMEX, PacSun, AMC Theatres, and airBaltic.
BitPay CEO, Stephen Pi, has commented on the development, noting:
BitPay applauds Braveโs adoption of the BitPay Protocol. With the hard work and dedication of the Brave team, we can encourage payment quality online and in-store for both customers and merchants wanting to leverage the advantages of cryptocurrency payments.
BitPay is the leading cryptocurrency payment platform that supports numerous digitalย currencies. Thisย guarantees that Brave Wallet users can utilize their preferred coins for making payments. Launched in 2017, BitPay guarantees accurate payments by eliminating standard payment exceptions, including underpayments, overpayments, late charges, potential-double spends, and unconfirmed charges.
BitPay Partners With The Famous American Fashion Brand, Ralph Lauren, To Accept Bitcoinย (BTC) Payments
BitPay is, without a doubt spreading its unique services to numerous platforms. Theย mostย recent development comes a 30ย days after it partnered with an American fashion brand to accept Bitcoinย (BTC) payments at its new Miami Design District Store. In the partnership, Customers can pay for the brandโs distinctive styles directly from their preferred wallets. Refunds will likewise be provided in the same digitalย currency used for a buy equal to the total dollar amount of the returned product.
In the notice made by BitPay, it stated how โRalph Lauren, a brand that defines modern high-end and timeless style,โ will provide its customers with new ways toย participate with the brand and shop, including accepting cryptocurrency as a method of payment.
.@RalphLauren now accepts #crypto payments at its new Miami Design District store, the brandโs 1st to accept digitalย currency. In partnership with #BitPay, customers can make purchases with #Bitcoin, #Ethereum, #MATIC by @0xPolygonlabs & more: pic.twitter.com/x2rm0drYpu
โ BitPay (@BitPay) April 4, 2023
On the other hand, Miami has been at the forefront of Bitcoinย (BTC) adoption, with Bitcoinย (BTC) 2021 conference taking place in the city. Itโsย worthย notingย that, Bitcoinย (BTC) 2022 tookย place in Miami, as Bitcoinย (BTC) 2023 is likewise set to return to Miami Beach.
Cryptocurrency Payment Surge In Bear Market
Nonetheless, Litecoin and Bitcoinย (BTC) Lightning Network payments have shown impressive growth on the BitPay platform inย theย year. Reportsย by the CEO of the Atlanta-based payment processor, Stephen Pair, has revealed that Litecoin has continued to make up about a quarter of BitPayโs transactions.
Regardlessย of the ongoing bear market, BitPay recorded a wholeย lotย of uptrend in cryptocurrency payments aย yearย ago. Nonetheless, the tendency has continued overย recentย months. Pair observed a strong interest in accepting cryptocurrency payments by major retailers and brands, especially high-end brands, even during market turmoil. The CEO noted:
The cryptocurrency community is a passionate group that has shown time and time onceย more that they are serious about spending their cryptocurrency, and the top brands and retailers are noticing
Still, the platform has processed over $1 Million in Bitcoinย (BTC) payments over Lightning since adding support for Bitcoinย (BTC) LN payments in April 2022.
The Brave Wallet
On the other hand, Brave Wallet is a secure, multi-chain digitalย currency wallet integrated directly into the Brave web browser. Alongย with making payments with cryptocurrency, Brave Wallet users can buy, receive, and send numerous cryptocurrency assets across numerous chains. They can likewise import non-custodial wallets, track live cryptocurrency prices, swap coins, and interact withย Web3ย DApps. The Brave Wallet is available on desktop and mobile devices as a core feature of the Brave web browser.
Significantly, the Vice President of Webย 3.0 products at Brave, James Mudgett, has given his remarks concerning the development, noting:
With this new integration from BitPay, weโre expanding the utility of Brave Wallet and making it easier than ever for our users to spend their cryptocurrency on real-world goods and services.
It is worth keepingย inย mindย that the cryptocurrency industry is attracting new customers by ensuring that payment accuracy becomes increasingly critical. Itโsย worthย notingย that, the BitPay Protocol sets high standards for payment quality in the cryptocurrency space, enabling more precise and reliable blockchainย tech payments online and in physical stores.
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