Bitcoin payment processing provider extends its translations to 10 new languages for merchant acceptable of bitcoin from foreign customers.
“The European market for bitcoin adoption is very large, perhaps larger than in the United States,” says Tony Gallippi, co-founder and CEO of BitPay. “Nearly every European business can already deal in multiple currencies, a prerequisite which is rarely seen in the U.S. Many small businesses in Europe have frequent cross-border transactions to Eastern Europe, the Middle East, and North Africa where a borderless payment system like bitcoin has great potential.”
BitPay has also expanded its list of currencies for merchants to set sales prices, with the addition of the Argentine Peso (ARS), and Gold and Silver troy ounce (XAU and XAG). If a gold dealer wants to sell one ounce of gold at 5% over spot, they can set the price to 1.05 XAU and BitPay will calculate the checkout in bitcoins at the up-to-the-minute rate.
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The exchange rates are based on BitPay’s Bitcoin Best Bid (BBB) rate calculation, which creates a Consolidated Level II market depth across multiple exchanges with zero commission fees, and updates every 1-2 minutes.
In a recent interview with Payment Magnates, Paige Freeman, VP of Sales at Bitpay, provides helpful information for merchants in accepting bitcoins from online customers.