Bitcoin payment processor BitPay conducts almost all its business using Bitcoin (BTC), its CEO has revealed in a marked U-turn on previous claims.


BitPay Drops Bitcoin Bashing

Speaking during a recent panel, Stephen Pair discussed the recent hard fork activity around the Bitcoin blockchain as a result of the Bitcoin Cash (BCH) split last November.

“95 percent of our payments are done in Bitcoin,” he said quoted on social media by commentator StopAndDecrypt.

While the figure itself is unsurprisingly, Pair’s advocacy contrasts dramatically with comments he made just two years ago. As StopAndDecrypt noted uploading videos of two appearances, at the Consensus conference in May 2017, BitPay appeared to want to abandon Bitcoin altogether.

At the time, the likely alternative was already on the horizon; Bitcoin Cash launched two…

Click to continue reading on its source location…

Source: https://thebitcoinnews.com/bitcoin-contributes-95-of-bitpays-business-ceo-confirms/