Welcome once again to our monthly blockchain bulletin! As always, BitPay is here to bring you the latest and greatest from the world of cryptocurrency. In addition, we're excited to highlight featured merchants from our crypto ecosystem. Let's delve into this month's top stories!
In This Issue:
BitPay in the News
Check out the latest news from BitPay this month:
Stay in the Know
Read top stories published by BitPay:
- Bitcoin Halving 2024: What Merchants Need to Know and How to Prepare
- How to use PayPal's new token, PayPal USD (PYUSD), a US dollar-backed stablecoin on the Ethereum network supported by BitPay.
- How to purchase gold using Bitcoin and other cryptocurrencies through reputable dealers partnered with BitPay.
- How to securely receive Bitcoin and other cryptocurrency payments using a self-custody wallet.
- How to purchase Bitcoin and other cryptocurrencies using an American Express card through BitPay in a swift and secure manner.
- BitPay's support for PIX payments via Ramp, enabling the crypto community in Brazil to easily buy cryptocurrencies using PIX as a payment method.
Industry News
Read news from across the blockchain industry:
- Europe has introduced its first Bitcoin ETF via Jacobi Asset Management on Euronext Amsterdam, marking a pivotal shift in merging traditional finance with cryptocurrency.
- Coinbase's layer-2 network, Base, briefly surpassed leading layer-2 networks like Arbitrum and Optimism in activity, primarily driven by the web3 crypto social media platform Friend.Tech, which allows users to trade Twitter account shares.
- The Colorado Division of Motor Vehicles (DMV) now allows residents to use cryptocurrency as a payment method for online renewals of driver’s licenses, vehicle registrations, and other DMV services.
- During a record heatwave in Texas, Bitcoin miner Riot Platforms earned $31.7 million in energy credits from the state's power grid operator, ERCOT, by voluntarily reducing its energy consumption.
Merchant Spotlight: Wrist Aficionado
Wrist Aficionado offers an exquisite array of luxury timepieces, all available for purchase with cryptocurrency via BitPay. Whether you’re captivated by the timeless elegance of Rolex or the intricate craftsmanship of Patek Philippe, Wrist Aficionado allows you to skip the waitlist and acquire the watch you truly deserve. Their collection showcases renowned brands like Rolex, Patek Philippe, Audemars Piguet, Richard Mille, and more, with each piece reflecting unparalleled luxury.
Wrist Aficionado has embraced modern payment methods and proudly accepts cryptocurrency via BitPay, offering both convenience and flexibility.
Shop online or in-person at one of its locations in Miami and New York City. Wrist Aficionado's collection new and exciting watches like:
Richard Mille Bubba Watson Tourbillon RM38-02
Patek Philippe Nautilus Platinum Grey Dial Diamond Bezel 5711/110P-001
Charitable Spotlight: Crohn’s & Colitis Foundation
Crohn’s & Colitis Foundation is a non-profit, volunteer-fueled organization dedicated to finding cures for Crohn's disease and ulcerative colitis, and improving the quality of life of children and adults affected by these diseases.
Crohn’s & Colitis Giving Day is September 30, honoring 56 years since the Foundation was established in September 1967. Now through 9/30, all gifts up to a total of $56,000 will be matched! PLUS: Donate $56+ and receive an exclusive Giving Day hat!
Donate to Crohn's & Colitis Foundation with Crypto →
Word of the Month: Coins and Tokens
Coins and tokens are both types of cryptocurrencies, but they serve different purposes and have distinct origins. Coins, like Bitcoin or Ethereum, are native to their own blockchains and primarily function as a store of value or medium of exchange. In contrast, tokens are built on existing blockchains (like Ethereum's ERC-20 tokens) and can represent a wide range of assets or utilities, from governance rights to digital art.
Product Spotlight: BitPay supports PayPal USD (PYUSD)
BitPay has announced its support for PayPal's new stablecoin, PayPal USD (PYUSD), allowing users to spend PYUSD at supported merchants, hold it in BitPay's self-custody wallet, and even use it to buy gift cards. This integration aims to bridge traditional fiat currency with the Web3 environment, offering both consumers and businesses a stable and digitally native asset for transactions. Read more about BitPay’s support for PayPal USD (PYUSD).
Pay for Travel with Crypto
BitPay Travel is now open to all! In collaboration with Xeni, BitPay Travel allows crypto users to pay for flights, hotels, rental cars, and activities with their cryptocurrency. Get great prices on all of your travel bookings and get the added benefit of paying straight from your cryptocurrency wallet.
Web3 Highlight: RightOfTheDot Teams Up With Unstoppable Domains To Auction Premium Web3 Domains
The RightOfTheDot Online Digital Asset Auction, sponsored by Unstoppable Domains, is a highly anticipated event in the digital asset market. The auction will feature a handpicked selection of over one hundred lots containing premium Web3 domain names, all of which are never-before-released assets from Unstoppable Domains. Prebidding is already open and lots will begin to close on Oct 11, 2023, starting at 1:00 PM ET.
Please note that all monetary values for bids and sales are in US Dollars. Payment for winning lots can be made via ACH or Bank Wire transfer, by credit card, or through cryptocurrency via BitPay.com.
Place your bid for the perfect Web3 domain →
Merchant Shoutouts
- Explore APMEX's vast collection of silver, gold, and pop culture collectibles, offering unique and valuable items for enthusiasts.
- Dive into Jomashop's luxury range, featuring top brands in watches, beauty, and more, all backed by unparalleled customer service.
- Get started with OneGold to gain direct ownership of securely vaulted gold, silver, and platinum, ensuring a tangible and safe investment.
- Secure your online presence by registering a memorable domain with Namecheap, known for its affordability and reliability.
- Enhance your Shopify store's payment options by integrating cryptocurrency transactions seamlessly with the BitPay app.
- With Vultr, deploy high-performance cloud servers and solutions, and as a bonus, new users receive $100 to explore the platform's capabilities.
- Stand out in the market by naming your business innovatively and effectively using BrandBucket's curated list.Shop your favorite items from US stores and rely on Qwintry for efficient international shipping, ensuring your purchases reach you safely.
