BitPay launches Bill Pay to allow users to pay bills directly from their crypto wallets
“Paying everyday bills without a bank account is a monumental step for the crypto and unbanked community.”
BitPay has announced the launch of BitPay Bill Pay to allow cryptocurrency users to pay bills directly from their crypto wallets.
The provider of Bitcoin and cryptocurrency payment services has teamed up with Method Financial, an embedded banking service, to pull bills and liabilities in real-time, ensuring BitPay users have the most up-to-date information regarding their accounts and balances.
BitPay supports paying bills with popular cryptocurrencies, including ERC-20 tokens and stablecoins: Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Dogecoin (DOGE), Shiba Inu (SHIB), Litecoin (LTC), ApeCoin (APE), Polygon (MATIC), Dai (DAI), USD Coin (USDC), Binance USD (BUSD), Wrapped Bitcoin (WBTC), Pax Dollar (USDP), Gemini Dollar (GUSD) and Euro Coin (EUROC).
Settle accounts, all without banks, wires, or complicated conversion processes
From credit cards and mortgages to car payments and personal loans, BitPay users can make payments to 5,000+ service providers. BitPay Bill Pay helps users pay off balances with practically any service provider directly from BitPay’s self-custody wallet application. Users download the BitPay app, automatically connect their bills, select their wallet, and make payments.
BitPay users can now use cryptocurrency to settle accounts, all without banks, wires, or complicated conversion processes. BitPay Bill Pay expands BitPay’s crypto payment solutions, including its crypto wallet application, payment processing, crypto debit card, and browser extension.
“Monumental step for the crypto and unbanked community”
Stephen Pair, Chief Executive Officer of BitPay, commented: “Paying everyday bills without a bank account is a monumental step for the crypto and unbanked community. BitPay customers are some of the most prominent crypto spenders in the world, so we believe this will be a game-changing solution for both crypto users and service providers.”
Jose Bethancourt, Co-founder and CEO at Method Financial, said: “Method is proud to partner with BitPay in helping the crypto community expand the way it uses cryptocurrency and maintains financial health.”
BitPay Bill Pay is available to BitPay Wallet app users on Android and iOS devices in the 20 states of the United States of America.
