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BitPay Introduces BitPay Send, A New Mass Payout Service

BitPay launches BitPay Send, a new mass payout service allowing organizations to pay employees, affiliates, customers, etc with crypto.

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BitPay Introduces BitPay Send, A New Mass Payout Service

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  1. BitPay introduces BitPay Send, a new mass payout service BitPay launches BitPay Send, a new mass payout service allowing organizations to pay employees, affiliates, customers, etc with crypto. A crypto payment service provider, BitPay launches BitPay Send. It is a new payment service that ​allows ​small and large businesses to reimburse employees, vendors, contractors, consumers, associates, and others with crypto. BitPay Send is a payout service that concentrates on international and gig-economy companies aiming to pay various recipients online concurrently. It allows firms to facilitate client cashout requests, offer payroll payments, provided rebates or rewards, pay freelancers or affiliates, and resolve with marketplace sellers. BitPay Send charges 1% fee for local and cross border payments.

  2. The company states that it is charging just 1% fee to enable organizations to deliver local and cross-border payments safely and securely. BitPay adds that there are no concealed foreign exchange charges and the payments are listed on the blockchain. Moreover, the company funds amount in fiat and leverages the blockchain to transfer pre-tax payments without holding or managing digital currency. BitPay offers a non-custodial wallet. According to the announcement, it does not obligate payment recipients to possess a bank account, however just a BitPay ID and a crypto wallet. BitPay also provides a non-custodial wallet. BitPay Send preserves its user’s time and money. It also decreases risk, clarifies the payout process, grants quick access to funds, and organizes financials. However, consumers should present all the essential information related to KYC regulations. BitPay Send is available in 225 countries. It elucidates that the New York-based advertising company, AdGate Media became one of the first companies to utilize BitPay Send. Moreover, it operated the service to pay its global affiliates adequately. BitPay is a U.S.-based company. Various investment firms involving, Index Ventures, Founders Fund, Virgin Group, and Aquiline Technology Growth, back the firm. Read More: https://cryptodose.co/bitpay-introduces-mass-payout-service/

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