Connect with us

Cryptocurrency News

Flow payment platform is using BitPay to power blockchain payment

Published

on

Flow payment platform is using BitPay to power blockchain payment
Source: Unsplash

Flow is a great revolutionary for this new generation with a cross-border regulating platform that has officially made an announcement regarding the extension of its international trading option to assist the cryptocurrencies payment with BitPay. BitPay is considered to be the strongest and the most experienced industry in the world of cryptocurrency.

BitPay is a platform that has the tendency to transact cryptocurrencies such as Bitcoin and Bitcoin Cash payments and in addition, 60 more payment modes are launched in the Flow platform around 200 countries. This is worth noting and appreciating.

Moreover, BitPay also won the trust of its customers by facilitating the utmost security of fraud and risk of chargebacks with minimum cost as compared to the credit cards.

Flow is continuously seeking growth by adding more international payment method for its customers to facilitate the preference of the local market. However, in the U.S. the famous payment mode includes Visa, Mastercard, PayPal and so far, this may have a critical response for the growth of cross-border platform for making transactions.

These different and alternative modes of payment are also growing at a speedy rate so Flow may have to face certain challenges. Flow, in addition, of granting different modes of international payment it also acknowledges Wechat Pay, UnionPay, and Alipay that is circulated and popular among the Chinese markets and almost 85% of retailers use this mode for the transaction.

Sonny Singh, the Chief Commercial Officer at BitPay stated that in addition of another payment mode to Flow, Bitcoin and Bitcoin Cash for sure will make the payment mode easier for selling and buying of assets especially for the countries and the individual where the traditional payment method is not available till now. He further added that it is also the safest way to transact compared to other platforms.

With the use of BitPay, the vendors will automatically receive the fiat settlement from their customers into their bank accounts. This helps to reduce the risk of the company as well as helps to keeps the transparency in the cryptocurrency system and their prices.

The user can send the exact price for Bitcoin Cash and Bitcoin to eliminate the risk of identity theft mainly created by using the traditional card payment method.

Apart from this, BitPay facilitate transaction from any devices, mobiles making more convenient for the individual across the globe.

Trending