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BitPay, the Bitcoin payment service provider, has announced the integration of Brave Wallet into its payment protocol. The integration would enable crypto wallet users to make payments directly from the privacy browser.
We’re excited to announce that @brave now uses the BitPay Protocol, ensuring a more accurate and reliable way to spend crypto online and in-store. pic.twitter.com/Zdhllh9nxo
— BitPay (@BitPay) May 23, 2023
According to an official press release, Brave Wallet users can shop with crypto at thousands of top merchants online and in-store, including Newegg, APMEX, PacSun, AMC Theatres, and airBaltic.
BitPay CEO, Stephen Pi, has commented on the development, noting:
BitPay applauds Brave’s adoption of the BitPay Protocol. With the hard work and dedication of the Brave team, we can promote payment quality online and in-store for both customers and merchants wanting to leverage the benefits of crypto payments.
BitPay is the leading crypto payment platform that supports various cryptocurrencies. This ensures that Brave Wallet users can utilize their preferred coins for making payments. Launched in 2017, BitPay guarantees accurate payments by eliminating standard payment exceptions, including underpayments, overpayments, late fees, potential-double spends, and unconfirmed charges.
BitPay Partners With The Famous American Fashion Brand, Ralph Lauren, To Accept Bitcoin Payments
BitPay is, without a doubt spreading its unique services to various platforms. The latest development comes a month after it partnered with an American fashion brand to accept Bitcoin payments at its new Miami Design District Store. In the partnership, Customers can pay for the brand’s distinctive styles directly from their preferred wallets. Refunds will also be provided in the same cryptocurrency used for a purchase equal to the total dollar amount of the returned product.
In the announcement made by BitPay, it described how “Ralph Lauren, a brand that defines modern luxury and timeless style,” will provide its customers with new ways to engage with the brand and shop, including accepting crypto as a method of payment.
.@RalphLauren now accepts #crypto payments at its new Miami Design District store, the brand's first to accept cryptocurrency. In partnership with #BitPay, customers can make purchases with #Bitcoin, #Ethereum, #MATIC by @0xPolygonlabs & more: https://t.co/Flm0Jz2DOW pic.twitter.com/x2rm0drYpu
— BitPay (@BitPay) April 4, 2023
On the other hand, Miami has been at the forefront of Bitcoin adoption, with Bitcoin 2021 conference taking place in the city. Notably, Bitcoin 2022 took place in Miami, as Bitcoin 2023 is also set to return to Miami Beach.
Crypto Payment Surge In Bear Market
However, Litecoin and Bitcoin Lightning Network payments have shown impressive growth on the BitPay platform this year. According to the CEO of the Atlanta-based payment processor, Stephen Pair, has revealed that Litecoin has continued to make up about a quarter of BitPay’s transactions.
Regardless of the ongoing bear market, BitPay recorded a significant uptrend in crypto payments last year. However, the trend has continued in recent months. Pair observed a strong interest in accepting crypto payments by major retailers and brands, especially high-end brands, even during market turmoil. The CEO noted:
The crypto community is a passionate group that has shown time and time again that they are serious about spending their crypto, and the top brands and retailers are noticing
Nonetheless, the platform has processed over $1 million in Bitcoin payments over Lightning since adding support for Bitcoin LN payments in April 2022.
The Brave Wallet
On the other hand, Brave Wallet is a secure, multi-chain cryptocurrency wallet integrated directly into the Brave web browser. In addition to making payments with crypto, Brave Wallet users can buy, receive, and send various crypto assets across multiple chains. They can also import non-custodial wallets, track live crypto prices, swap coins, and interact with Web3 DApps. The Brave Wallet is available on desktop and mobile devices as a core feature of the Brave web browser.
Significantly, the Vice President of Web3 products at Brave, James Mudgett, has given his remarks concerning the development, noting:
With this new integration from BitPay, we’re expanding the utility of Brave Wallet and making it easier than ever for our users to spend their crypto on real-world goods and services.
It is worth noting that the crypto industry is attracting new customers by ensuring that payment accuracy becomes increasingly vital. Notably, the BitPay Protocol sets high standards for payment quality in the crypto space, enabling more precise and reliable blockchain payments online and in physical stores.
Related News:
- BitPay Now Allows Merchants To Make Payments Using Lightning Network
- Australia’s energy retailer partners with BitPay for crypto payments
- Bitpay BTC Payments Firm Now Includes Apple Pay Support
- BitPay Unveils Service that Allows Businesses Issue Mass Crypto Payments
- Bitcoin Price Climbs At $27,200 – Will The FOMC Minutes Today Drive BTC To New Heights?
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