Bitcoin payment service provider Bitpay is adding support of Google Pay for spending crypto


On 11th August world’s
biggest Bitcoin and cryptocurrency payment service provider, BitPay has
announced that their Prepaid Master cardholders of U.S can now convert
cryptocurrencies into Dollars for purchasing online & in-stores using
Google Pay Wallet.
With the support of Google Pay, secure
payment of contactless purchases in-app, online, and in-person with their Android
phones, tablets or watches, will be piece of a cake for BitPay cardholders.
Support of Apple Pay and Samsung Pay is also expected in near future.
BitPay CEO Stephen Pair quoted regarding
the announcement, “Consumers are seeking more new places and ways to spend
their crypto and we want to make their experience fast, easy and secure.” He
also added, “Adding Google Pay makes it easy and convenient for customers to
live life on crypto provides from day-to-day items to luxury purchases.”
BitPay designed its Wallet app for
allowing consumers to manage, protect, track and spend 7 cryptocurrencies, such
as BTC, BCH, DOGE, ETH, LTC, WBTC, XRP and 5 stablecoins including BUSD, DAI,
GUSD, PAX, USDC. The main advantage of this is that within seconds the
customers can turn their loaded crypto onto the Mastercard, into Dollars. It
not only can be used to purchase online (where Mastercard debit is accepted),
but also to withdraw money from any ATMs.
For the new BitPay Prepaid Mastercard
customers, they can directly add the virtual card to Google Wallet and start
spending at that moment, while waiting for their plastic cards to arrive.
In August 2021, the PYMNTS and BitPay
collaboration named, “The Cryptocurrency Payments Playbook: Cryptocurrencies
Gain Momentum As A Payment Option” noted that 60% of cryptocurrency users are
“extremely” interested in using cryptocurrency “to make online purchases that
are more private or secure.”

Joyashree Dey
CBW - External Analyst
INDIA