The cryptocurrency payment processor BitPay might encounter difficulties while doing business. This is because the developers are planning to disable support for the method the firm uses to create billing addresses.

According to the latest GitHub discussion about the upcoming Bitcoin Core client version 0.19.0, the developers continued their plans to disable BIP70 by default. Also, they can possibly remove it completely in a later version. BitPay adheres to the payment address format BIP70 defines. However, the other wallets and payment systems have joined BIP21. This has thus left BitPay wallets practically without support.

Nonetheless of what is happening the company continues to use the same address format. This has thus led to disappointment because the wallet does not allow users(who want to pay in bitcoin) to pay the BitPay bills. Initially, BitPay allowed the extraction of Bitcoin’s destination address from its accounts. This was for those who could not or did not want to use BIP70. This feature is no longer available. BIP70 depends on centralized technology markets. Also, it led the way for money laundering and the “Know Your Client” options for participating in Bitcoin trading operations. Thus, it lost against BIP21.

The payment processor company is already facing controversy over its business practices and technical settings. Recently, the Luxembourg financial markets’ regulator, Commission de Surveillance du Secteur Financier (CSSF) warned users about a fake BitPay website. This might just add to the woes the company is currently facing as per the source.