Bitpay will be accepting Bitcoin, Dolecoin, Litecoins, and other cryptocurrency payment options as payment methods for its customers, CEO Patrick Byrne said today.
According to Byrne, the company is now accepting all major payment methods as of April 1st.
“We are excited to be able to offer our customers the ability to accept all major cryptocurrency payment methods at this time, including Bitcoin, Dash, Ethereum, Lite, and Ethereum Classic,” Byrne said in a statement.
The announcement comes just a day after the cryptocurrency exchange Coinbase announced that it is accepting Bitcoin and Dogecoins as payment for purchases on its platform.
Earlier today, it was announced that Amazon.com is also expanding its payment options to accept cryptocurrencies.
Bitcoin was last seen in the headlines after the company’s Chief Financial Officer, Patrick Murck, was arrested on a corruption and money laundering charge, the Associated Press reported.
The company also announced that its founder and CEO, Peter Thiel, will be joining the company as a full-time director of its board of directors.
With Coinbase and other cryptocurrencies taking on new roles as the next big payment method for consumers, the cryptocurrency space has seen an increase in demand for payment methods that offer a convenience to users.
Since its inception, cryptocurrencies have grown in popularity due to their promise of decentralization, low transaction costs, and instant payments.
There have been a number of major announcements over the past year that have given cryptocurrencies the legitimacy to be a viable payment method.
Last week, Bitcoin, the second-largest cryptocurrency, hit a record high of $13,000 for the first time.
In September, PayPal announced that they would accept Bitcoin and other payment methods in a move to bring more people into the payment ecosystem.
And in December, the U.S. Department of Justice released its first enforcement guidance regarding cryptocurrency transactions.