The Daily: Bitpay Adds Multi-Crypto Settlements, Shapeshift Downsizes

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In Wednesday’s edition of The Daily we cover a new feature that will allow Bitpay merchants to automatically diversify their settlements, a downsizing at Shapeshift that will see its team cut by a third, a show of commitment to the crypto industry by the government of Malta, and a new offering of BCH margin trading. Also Read: FBI Agents Raid Tech Campus Over Unauthorized Crypto Trading Bitpay Adds Multi-Coin Settlements Popular cryptocurrency payment processor Bitpay has introduced support for multi-coin settlements. The service added support for three stablecoins during 2018 (GUSD, USDC, and PAX), in addition to bitcoin cash BCH and BTC. The new feature means that merchants can now receive their Bitpay settlements in up to five of these cryptocurrencies all at once, in addition to their supported local fiat currency. New Bitpay settlements page for merchants “We’re excited to provide additional options and to give our merchants more flexibility with their settlements,” the Bitpay team stated. “We hope to continue adding valuable options for our merchants and their customers.” Shapeshift Is Downsizing by a Third Erik Voorhees, the founder and CEO of Shapeshift, has announced that his company is the latest venture to feel the “bitter frost” of crypto winter. The exchange platform is laying off 37 employees, reducing the size of its team by a third. “Crypto, like the moon we strive toward, is a harsh mistress,” wrote Voorhees. “We ride high and fast during the ascents, growing at rates unseen almost anywhere else in the business…
Source: The Daily: Bitpay Adds Multi-Crypto Settlements, Shapeshift Downsizes

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