BitPay: the first cryptocurrency payment processor works in Venezuela
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Loading... - Derek Allen
- 06 Feb 2023
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The exchange allows you to buy, store and exchange 14 types of cryptocurrencies just by using its app or installing the wallet on your PC
The adoption of bitcoin and other cryptocurrencies has gone hand in hand with the rise of exchanges and payment platforms that allow buying, selling, saving and exchanging for fiat money without major setbacks. From the long list that exists, Bitpay is one of the platforms with the longest history in the crypto world: it was launched 11 years ago when there was no Binance, MetaMask or other platforms of its kind that are widely recognized today. It works as a wallet capable of operating in almost all countries in the world, including Venezuela. In this article we clarify all your doubts about this exchange.
What is BitPay?
Founded in 2011, two years after the first Bitcoin block was mined, BitPay shines as one of the longest-running cryptocurrency payment processors on the market. It is characterized by not being decentralized, since it has a board of directors and holds an operating license from the New York Department of Financial Services.
BitPay defines itself as the "smartest cryptographic application" by allowing you to buy, store and exchange different types of cryptocurrencies just by using its app or installing the wallet on your PC. You can also pay for products and services in physical stores – just scan the QR code or provide the address of the wallet – and on online platforms such as Amazon and Microsoft.
Users of this platform can buy cryptocurrencies with Apple Pay or by affiliating an international debit or credit card. In the case of Venezuela, BitPay does not accept the affiliation of national cards nor does it operate with bolivars directly. Read More…
