BitPay a global provider of bitcoin payment services reported on December 22 that its operation had a temporary suspension of Bitcoin (BTC) payments. Bitcoin settlements on BitPay were temporarily inaccessible for about 3.5 hours as the service worked to fix processing bugs, tweeted BitPay Support on December 22. The service was restored by 4:25 PM EST, according to the information.
A number of users reported that the service was inaccessible before the BitPay official notice on BTC payment issues. Several Bitpay users on Twitter indicated that Bitcoin payments for all traders have been blocked by the company, adding that the service was not active in several shops. Another consumer on Twitter pointed out the ability of BitPay to pass API data as a major service advantage, though opposing the disruption.
“I love your API data service but you guys gotta fix your shit. Dump bitpay and install btcpayserver, it’s embarrassing that a service called ‘bitcoinaverage’ can’t even accept Bitcoin for payment.”
The news comes as three latest stablecoins have been rolled out by BitPay on Dec. 10: USD Coin (USDC), Gemini Dollar (GUSD) and Paxos Standard Token (PAX). As reported previously, the new listings, along with Bitcoin, Bitcoin Cash (BCH) and Ether (ETH), brought the total amount of BitPay-supported cryptocurrencies to six.
According to the firm, more than 30,000 global retailers officially used the BitPay service in December 2019. In 2018, despite the massive bear market on crypto markets BitPay actually encountered some success that year, with the company announcing $ 1 billion in transactions in 2018.
BitPay was established in Atlanta, Georgia in 2011, but was often labeled “controversial.” BitPay actually had quite a questionable image in recent years as it was interested in marketing Bitcoin Cash as a more attractive option for Bitcoin itself, along with service and technical issues that would have resulted in the loss of several substantial clients.
Source : CoinTelegraph.
Photo Credit: Bitcoin Exchange Guide
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