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November 13th 2020
1 minute read
- BitPay, one of the most well-known crypto payment services providers in the industry has recently launched BitPay send.
- This is a new blockchain-powered mass payout platform project for the company.
Through this new project, organisations who don’t wish to handle their own crypto transactions themselves will be able to process their payments through this service. Furthermore, it can be used to complete payroll payments and even process customer cash back and reward programs.
The platform has said that the service will cut processing times from days to just minutes.
Numerous companies all over the world are already taking advantage of this new service. AdGate media is using it in order to pay affiliates all around the globe.
The President of the company, Dan Sapozhnikov has explained that most of their affiliates are based outside of North America and Europe where access to bank accounts is well known to be difficult. This means that they want to be paid in the King coin going on to say:
“Having BitPay manage that risk was an important factor in choosing BitPay Send. With BitPay Send, we are able to get our affiliates paid in a matter of minutes and not days.”
The chief executive officer of the company, Stephen Pair has said that for many businesses, having quick and easy crypto transactions isn’t one of the main bonuses.
“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.”
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