One Million Merchants Can Accept Bitcoins as Global Payments Partners with BitPay

Publically traded Global Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term has announced today that they have partnered with BitPay to offer Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term payment acceptance for their customers. The deal is a referral agreement, where Global Payment merchant customers will have the bitcoin acceptance features integrated within their existing payment types.

The news comes shortly after BitPay creating a new freemium pricing scheme, offering a free solution for merchants. The partnership also matches Atlanta companies as both companies make the city their home. With over one million merchant customers and $350 billion in settled transactions, Global Payments represents a massive potential base of users that will now have access to accepting bitcoins and working with BitPay.

The news is similar to Digital River partnering with Coinbase to allow bitcoin acceptance for their SWREG small and medium sized merchant customer in June. Unlike that deal which was limited to US merchants; Global Payments is opening up bitcoin acceptance to their worldwide customer base.

In their public statement, David Mangum, President and Chief Operating Officer for Global Payments commented “We focus on delivering innovative products and services to our global customer base, and this relationship provides us the ability to offer our merchants an integrated digital currency payment choice. We are pleased to partner with BitPay to provide next-generation payment solutions to our customers."

Tony Gallippi, BitPay Co-founder and Executive Chairman added "This partnership with Global Payments allows ecommerce and retail merchants to easily accept bitcoin payments. The cross-border demands of global merchants present a great opportunity for bitcoin acceptance and will allow us to reach more customers in emerging markets."