BitPay Expands Stablecoins Integration, Adds Settlement in PAX

[kreslik.news]

Crypto payments provider BitPay is now offering the option for merchants to receive settlement in PAX tokens, which is a stablecoin pegged to the U.S. Dollar. The PAX tokens are both regulated and backed at a token-to-dollar ratio that is appealing to traders that prefer more consistency from their investments.

The move expands BitPay’s non-volatile settlement solutions for its clients who can use it to cash out of digital assets more quickly than if they were to convert to dollars. On the merchant side, Bitpay has always allowed clients to settle in Bitcoin and Bitcoin Cash, but the firm ... (read more)