The transition to the new payment system will not affect the security for users in any way, since the cards will be equipped with an EMV module, and the possibility of making contactless payments will remain. At the same time, support for all previously issued prepaid Visa debit cards will end on December 31, 2020, regardless of the expiration date, which requires additional costs for card renewal. In 2020, the company announced the change of the payment system to MasterCard.
#BITPAY VS COPAY LICENSE#
In 2018, the BitPay Wallet developer received a special license to issue virtual currency in New York from the local financial services department. In 2017, BitPay Wallet raised the minimum payment for several days to $ 100, which plummeted the number of transactions and forced it back to $ 5. Interestingly, in the same year, the company became the official bitcoin provider for several large casinos in Las Vegas. Petersburg (Florida), as well as in Argentina and the Netherlands, which was a step towards further expansion. In 2014, additional offices were opened in New York, San Francisco, St. The latter figure is quite good considering the little-known and low cost of Bitcoin at the time. Already at that time, the company had about 10,000 clients, and the volume of trade since its opening exceeded 34 million dollars. It must be said that such funding was not obtained by chance. Originally based in Orlando, Florida, it moved to Atlanta, Georgia in 2013 after receiving $ 2 million in Founders' Fund funding. The cost of the "plastic" is $ 9.95.īitPay Wallet payment system was founded in the USA in 2011. Initially, they could only be ordered for US residents, but now the order is available for 100+ countries, including the states of the former USSR. This made it possible to use the latter to withdraw funds from ATMs or settle in any store in the world where such cards are accepted. For example, in 2017, the release of Visa payment system cards began, which can be linked to a wallet with a cryptocurrency. The active development of the platform did not stop there. The first version of the cryptocurrency wallet was introduced in mid-2016 following a special partnership agreement with Intel. The developer has an impeccable reputation with hundreds of thousands of customers around the world for offering prepaid cards, bitcoin wallets and other solutions. BitPay Wallet is a client for storing and using bitcoins for payments from one of the world's largest specialized companies that have been successfully operating for many years.
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