Bitpay Introduces Bulk Crypto Remittances for Enterprises

News • 2020/11/13 • by

The crypto remittance service firm has set up a new platform, "BitPay Send," the latest blockchain supported bulk payment medium for enterprises.

The new service allows companies that do not wish to manage or hold cryptocurrency to issue crypto remittance in bulk. It can be utilized to finish payroll remittances, remunerate contractors, or handle client bounty projects.

Major Updates

Bitpay launches massive payment platform

The service is already in use by businesses around the world

Bitpay monthly transactions hit 100,000 in 2020.

The crypto remittance firm states that BitPay Send reduces the time it takes to process crypto payments. The platform has already been used by AdGate Media, an advertising company, to remunerate associates worldwide.

The media platform president stated that many of the associates are not located in Europe and North America, which makes accessing their accounts difficult. But they were able to bypass this difficulty by using Bitpay Send to pay these associates in BTC.

The Chief Executive Officer of BitPay mentioned that the ease of transferring world trades through cryptocurrency is a massive turn-on for businesses worldwide.

The US-based cryptocurrency payment service launched in 2011 has handled about a hundred thousand transactions per month this year, with most of it being in BTC.

What do you think of the BitPay Send platform? Let's discuss in the comments.

Comments (5)

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visiblemoney

6 years ago

It is a clear indication that the traditional remittance systems are losing the battle to crypto.

exodusab

6 years ago

Having BitPay manage that risk was an important factor in choosing BitPay Send. With BitPay Send, we are able to get our affiliates paid in a matter of minutes and not days.