BitPay, a blockchain-oriented company that provides payment solutions, announced on Monday its merchant partners would be able to settle payments in two new stablecoins – Circle’s USDC and Gemini’s GUSD, both backed by the US dollar.

Previously, merchants and companies worldwide could leverage the BitPay technology to accept payments in Bitcoin and Bitcoin Cash. However, the notorious volatility of cryptocurrencies is likely to make stablecoins a welcome alternative.

From now on, BitPay merchants and companies can receive settlement in USDC and GUSD. BitPay invoices can display the prices of these stablecoins in 150 currencies, with settlement available in 190 countries.

BitPay …

This article appeared first on Cryptovest

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