BitPay is a US-based bitcoin payment service provider that offers professional payment solutions for merchants with the popular cryptocurrencies Bitcoin (BTC) and Bitcoin Cash (BCH). The company was founded to help merchants accept Bitcoin payments in 2011, and one year later it had grown to over 1,000 merchants using its system.
Today, there is a fairly large number of forex brokers around the world that accept payments to fund trading accounts via BitPay. The clear benefit from a broker’s perspective is that they can receive payments quickly without having to deal with the storage and security issues of handling cryptocurrencies. From the trader’s perspective, it is a convenient way to spend cryptocurrencies that they may already have, without having to exchange them to fiat currency first.