Continuing a moving ridge of momentum that began a few months ago, Bitcoin payment provider BitPay simply introduced its side yesteryear side advancement — the unloosen of a full-featured BitPay app for purchasing, storing together with spending bitcoin. Announced on Mon Oct 24 at Money 20/20 inward Las Vegas, this deed brings together BitPay’s merchant payment tools with a growing compendium of consumer options, all inward 1 place.
This novel app aims to offering safety together with ease of usage inward a way appealing to non-technical users who may otherwise steer away from bitcoin. It allows for the conversion of bitcoin to dollars through an integrated BitPay Visa® Prepaid debit card, currently the alone US-wide debit carte du jour for bitcoiners. Bitcoin tin sack move purchased together with sold yesteryear users via exchanges — all through the app. These features offering users a convenient way of aligning their digital together with traditional finance worlds, without leaving BitPay.
While many similar services create got been launched, around require users to maintain their bitcoin inward company-managed accounts, leading to increased vulnerability to safety breaches together with hacks. The BitPay app overcomes these concerns yesteryear allowing users total command over their funds at all times through device-based someone keys, backup protocol together with multi-device authentication. When the app is downloaded, novel users are offered a uncomplicated tutorial with steps for slowly navigation.
This move, according to BitPay CEO, Stephen Pair, provides a “new way to choose to a greater extent than users together with companies into the bitcoin ecosystem.” He notes that the BitPay app is currently available on all mobile together with desktop platforms.
“This app is built on years of function spent refining the bitcoin payment sense with BitPay merchants together with edifice a to a greater extent than secure bitcoin wallet with the Copay platform,” BitPay Marketing together with Communications Manager, James Walpole, said to Bitcoin Magazine. “We recall we’ve been able to answer 1 of the meat problems that create got locked novel users out of bitcoin: how to offering a beginner-friendly sense that doesn’t sacrifice security. This app is a way to larn everything you lot require to start right with bitcoin, without trusting your money to a 3rd political party that tin sack move hacked.”
BitPay jumps into the projection with enterprise rails tape of delivering bitcoin payment tools for companies similar Microsoft, Steam together with Newegg.com. The companionship has also been cultivating Copay — an opened upwards source, multi-signature platform that allows users to store multiple, distinct bitcoin wallets inward lodge to hold their funds carefully separated.
News of this app unloosen follows roughly other recent annunciation involving BitPay — its usage inward assisting the betting site NetBet’s efforts to larn the kickoff online gambling operator licensed yesteryear the U.K. Gambling Commission (UKGC) to offering deposit together with withdrawal options inward bitcoin for online sports betting together with casinos. This first is expected to choose stand upwards for with the U.K.’s growing digital currency community every bit a safer together with to a greater extent than secure surroundings for gaming interests.
And on September 29, BitPay announced the launch of its modal invoice, a characteristic that allows for the automation of refunds for bitcoin payment exceptions. It addresses a mutual lawsuit that continues to haunt novel users, namely, instances where an wrong amount of bitcoin is sent to a BitPay merchant. This novel characteristic offers a way of treatment these hence called “payment acception” inward an slowly together with streamlined way that allows users a way of requesting refunds for overpayments together with underpayments. For instance, shoppers who underpay, straight off create got a machinery for retrying their orders; together with shoppers who create got overpaid, tin sack larn their funds returned to a greater extent than quickly. The promise is that this novel characteristic volition move a create goodness to merchant together with consumer alike, allowing for the rapid correction of payments inward a to a greater extent than seamless manner.
“A twelvemonth from now, we’d similar the BitPay app to move the wallet that skillful bitcoiners usage to secure their bitcoin savings together with alive life on bitcoin," said Walpole. "We also desire BitPay to move the wallet people recall of when they desire to larn off to the right start with bitcoin, from getting their kickoff bitcoin, to storing together with spending funds securely.”
The ship BitPay Launches Bitcoin Payments App Among Array of New Features appeared kickoff on Bitcoin Magazine.
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