BitPay integrates with ShapeShift for instant BTC-BCH
Payment system BitPay announced its integration with the exchange service ShapeShift so that you can now instantly exchange bitcoin for Bitcoin Cash. This was announced in a joint blog of companies on January 18, Thursday. The new partnership will allow customers to conduct exchanges between Bitcoin (BTC) and Bitcoin Cash (BCH) in the BitPay and Copay wallets.
Based in the US, Bitpay was founded in 2011 and is one of the largest payment gateways that work with Bitcoin. ShapeShift is a currency exchange that focuses on instant exchange transactions between some of the tokens.
The cooperation of the two companies will allow users to “switch” between bitcoin and Bitcoin Cash lightly, increasing the level of integration between their markets.
Bitcoin Cash is the bitcoin that took place on August 1, 2017. It is designed to increase the maximum block size in the blockchain and, correspondingly, the number of transactions that are processed every minute by the network.
Since its launch, BCH has been accepted by several large crypto-exchangers, such as Coinbase, Bitfinex, Bitstamp, Kraken, ShapeShift and others.