Post
Topic
Board Service Discussion
Re: BitPay -- KYC is here!
by
shield132
on 24/01/2021, 08:22:19 UTC
There is BitPay and there is BTCPay with zero fees. Why would someone use BitPay over BTCPay?
BitPay allows a merchant to accept bitcoin on their website, but receive fiat to their bank account. BTCPay, by virtue of being self hosted and non-custodial, does not. BTCPay users (at the moment) have to manually set up automatic fiat conversion using an exchange or other third party.
Yeah, you are right but I think this is the moment when "Pros" don't outweigh cons. Personally, most of the times I have seen Bitcoin accepted on websites where they sell some for example, sarms, cbd, something that's in the grey area for purchase. So, idk if it's still beneficial for businesses use BitPay as their payment gateway provider, I believe they'll lose high percentage of their users, even BitPay will be left without significant users.

I see that it's becoming a trend for businesses to hold cryptocurrencies, that's why I hope they will move on BTCPay and exchange manually or with the partnership of other crypto service providers.