- BitPay will now support ApeCoin and Euro Coin.
- The decision is the result of luxury merchant partners demanding the cryptocurrencies.
- ApeCoin is currently the 34th biggest cryptocurrency in the world.
BitPay will now support the ApeCoin cryptocurrency, the ERC-20 token of BAYC NFT. Earlier this month, Gucci became the first luxury brand to accept ApeCoin in collaboration with BitPay.
After Gucci, TAG Heuer allowed purchasing watches with ApeCoin.
Owners of APE are enabled to convert ApeCoin into physical money using the BitPay Card. Also, they can purchase gift cards for retailers and leading brands.
The company has also added Euro Coin, a euro-based ERC-20 stablecoin, in its list of supported cryptocurrencies. Now users of BitPay can purchase, save as well as swap both the currencies to use them in place of physical payment.
Euro Coin allows accessing euros with both rapid settlement and transaction fees.
BitPay now supports ApeCoin (APE) and Euro Coin (EUROC)! App users can buy, store, swap and spend in the #BitPay Wallet, plus load and spend instantly like cash via the BitPay Card. pic.twitter.com/AqEjrrVek0— BitPay (@BitPay) August 5, 2022
66,608 transactions were processed by BitPay in June.
Bitcoin accounted for 53.3% of all the transactions followed by Litecoin (21.21%) and Ethereum (9.71%). After these are Dogecoin (6.17%) and Bitcoin Cash (5.02%). With 0.5%, Shiba Inu had the least transactions.
Yachtzoo joined BitPay in July to allow customers to purchase, sell or charter a yacht using an extensive range of digital assets.
BitPay has also collaborated with Kuoni, a tourism company based in Switzerland.
In the list of merchants that are supported by the popular crypto company are AMC Theatres and Newegg as well.
Meanwhile, shopping platform Jomashop thanked BitPay for integrating crypto payments.