On August 2, Atlanta-based crypto payment service provider Bitpay said it had extended its crypto-grade support with 2 completely different crypto assets. Bitpay revealed that the company has integrated apecoin and currency unit coin into the company’s platform. As a result, luxury retailer and designer Gucci said it would be the primary merchant to simply accept apecoin through Bitpay.
APE and EUROC now supported by Bitpay’s payment platform, Gucci becomes the first merchant to accept APE through Bitpay’s services
Bitpay added 2 new crypto assets to the company’s payment platform when Bitpay’s payment processor already accepted digital currencies like bitcoin, bitcoin money, ethereum, xrp, dogecoin, shiba inu and litecoin.
Along with these coins, Bitpay supports many stable assets, like Circle’s USD coin (USDC). This week, Bitpay expanded the platform’s choices by adding apecoin (APE) and currency unit coin (EUROC).
Apecoin (APE) is reputed to be a crypto grade designed for the Bored Ape lodge (BAYC) metaverse known as “Otherside”. The Digital Currency Currency Unit Coin (EUROC) is the new Circle stablecoin backed by 1:1 with the Currency Unit (EUR).
Both crypto assets were launched this year, and Bitpay says chic retailer and designer Gucci will be the primary merchant to simply accept APE through Bitpay’s system in US stores.
Gucci already accepts 10 completely different crypto assets and Bitpay co-founder and CEO Stephen tried the aforementioned luxury merchants like Gucci, asked Bitpay to support APE and thus the new euro-based stablecoin EUROC.
“We added the apecoin and the euro coin because customers of our luxury business partners requested it,” said above in a statement sent to Bitcoin.com News. Bitpay also explained that apecoin holders will leverage the coin with the Bitpay Mastercard.
Apecoin is ranked 33rd out of 30,000+ crypto-grade market caps AND it reached an all-time high 3 months ago on April 28, 2022. At that time, APE reached $26.70 per token and these days Here, apecoin is down 74.5% from incomparable value.
Circle introduced a euro coin in the 2022 time frame and as a result, the range of euro-pegged stablecoins has grown to 1683% since 2020. Before supporting EUROC, Bitpay was already supporting supports 5 USD pegged stablecoins BUSD, DAI, GUSD, USDP, and USDC.
The post office Bitpay adds APE and EUROC support – Luxury retail giant Gucci accepts Apecoin payments first appeared on BTC Sons.