BitPay partners with ShapeShift to enable instant BTC-BCH exchanges in the BitPay and Copay wallets.
The BitPay payment processor has announced its integration with the ShapeShift exchange to provide instant Bitcoin to Bitcoin Cash trades. This announcement was made in a blog post Thursday, Jan. 18. The new partnership allows users to conduct exchanges between Bitcoin (BTC) and Bitcoin Cash (BCH) in the BitPay and Copay wallets.
US-based Bitpay was founded in 2011 and is one the largest international Bitcoin payment gateways. ShapeShift is a cryptocurrency exchange platform that focuses on instant trades between a number of cryptocurrencies.
The integration allowed users to “shift" between Bitcoin and Bitcoin Cash instantly, increasing the level of integration between the two coins’ markets.
Bitcoin Cash is a hard fork of Bitcoin launched on Aug. 1, 2017 in order to increase the size limit of the Blockchain blocks and, by extension, the number of transactions that can be processed by the network every minute.
Since its launch, BCH has been adopted by a number of major digital currency exchanges such as Coinbase, Bitfinex, Bitstamp, Kraken, ShapeShift and others.