BitPay

BitPay is a payment service provider that facilitates cryptocurrency transactions, especially Bitcoin, for merchants and consumers. The BitPay platform allows merchants to accept payments in Bitcoin and other cryptocurrencies as a form of payment for goods and services. Additionally, it offers users the option to convert their cryptocurrencies into fiat currency, such as US dollars, euros, or other traditional currencies, to minimize the volatility associated with cryptocurrencies.

Example:

An online merchant integrates BitPay as a payment method in their online store. When a customer makes a purchase and chooses to pay with Bitcoin, BitPay facilitates the transaction by automatically converting the Bitcoin amount to the equivalent in fiat currency and transferring the funds to the merchant.

Case:

BitPay has been adopted by numerous online and physical merchants as a way to expand their payment options and reach a global audience of consumers who prefer to use cryptocurrencies for transactions. BitPay's platform also offers additional tools and services, such as the ability to manage invoices and perform quick settlements, making it a comprehensive solution for those looking to accept cryptocurrency payments.