BitPay Send Launches in 255 Countries, Including Africa, to Enable Crypto Payouts to Anyone, Anywhere

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BitPay, the popular crypto payments company, has launched BitPay Send, a blockchain-powered mass payout platform, for businesses looking to enable payments in over 255 countries.

The new platform is expected to be especially appealing to companies that have difficulty processing payments to remote workers who do not have, either a US bank account, or simply want to be paid in bitcoin or crypto.

 

SEE ALSO[PODCAST] The Inspiration Behind Bundle Africa – Africa’s Highly Successful Social Payments App for Crypto and Cash

Here is how it works in 3 easy steps:
  • Deposit fiat – BitPay credits the sender’s ledger
  • Submit payout – Each request includes recipient’s email address and amount
  • Payout complete – BitPay sends the amount converted to crypto to the recipient’s wallet

The platform can be used for the following:

  • Complete payroll processing
  • Pay contractors / affiliates
  • Process customer cashbacks / reward programs

BitPay Send allows firms to pay out their service providers, customers, and affiliates in crypto without having to buy and hold any crypto themselves.

Speaking about this new innovative product, BitPay CEO, Stephen Pair, said:

“Traditional international payment methods are cumbersome, costly, and slow.

With BitPay Send, companies can make mass payouts without having to buy, own or manage crypto and their recipients receive payments quicker and at a lower cost.”

~ Stephen Pair, CEO, BitPay

BitPay is currently processing almost 100, 000 transactions per month, predominatly in bitcoin.

BitPay now offers 3 solutions to enable crypto payments anywhere:

  • BitPay Prepaid MasterCard
  • BitPay Browser Extension
  • BitPay Send

The new product will especially be appealing to part-time and gig economy workers in Africa, most of whom do not have access to international or US bank accounts.

 

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