Business 20 February 2019

Jasmine Solana

Payment gateway CoinPayments adds Bitcoin SV

Momentum continues to build for Bitcoin SV (BSV), the only cryptocurrency following the original Bitcoin protocol. On Tuesday, large payment gateway CoinPayments announced that it is adding BSV—the rebirth of the original “Satoshi Vision” for Bitcoin.

Established in 2013, CoinPayments is the first payment processor to offer support for cryptocurrencies other than Bitcoin. Since then, it has expanded its support to hundreds of digital currencies, the latest of which is BSV.

Aside from a multi-currency wallet, CoinPayments offers support for wallets and conversions, as well as some banking options via integrations with third party providers located around the world. The CoinPayments platform provides a variety of services, including cold storage, multi-signature, instant confirmations, plugins for integration of payment features and merchant tools, and vaulting for long-term storage, among others.

With over 2.2 million users across 182 countries, CoinPayments’ move to integrate BSV on its multi-cryptocurrency platform brings the crypto closer to its goal of becoming the world’s new money used by millions of people, and the global public blockchain with professionalized engineering upon major enterprises can confidently build.

CoinPayments is the latest to join the growing number of platforms that support BSV. In January, Coinify added the crypto to its platform, followed by Exodus, and more recently, Waves platform. Coinbase has also finally allowed BSV withdrawals on the exchange.

BSV is named for the Satoshi Vision of Bitcoin’s creator Satoshi Nakamoto, and it’s dedicated to preserving Bitcoin’s original design. BSV rests on four pillars: restore the original Bitcoin protocol and keep it stable, allow it to massively scale, while keeping security paramount, and finally, support safe instant transactions for merchants.

The vision of BSV’s ecosystem doesn’t stop there. One day, the BSV blockchain will subsume the Internet itself with the Metanet project, which, in turn, will pave the way for a new world of business possibilities for how Internet content and personal data can be accessed and monetized via the BSV network.

The CoinPayments team stated, “Bitcoin Cash and Bitcoin Core fans who want to see the BSV progress and support it through accepting it in their stores or using it to buy goods and services should get on board with this hard-working team who are dedicated to making Bitcoin SV the rebirth of the original Bitcoin – the way the Satoshi Vision intended.”

To learn more about CoinPayments’ BSV integration, visit their website.

Note: Tokens on the Bitcoin Core (SegWit) chain are referenced as BTC coins; tokens on the Bitcoin Cash ABC chain are referenced as BCH, BCH-ABC or BAB coins.

Bitcoin Satoshi Vision (BSV) is today the only Bitcoin project that follows the original Satoshi Nakamoto whitepaper, and that follows the original Satoshi protocol and design. BSV is the only public blockchain that maintains the original vision for Bitcoin and will massively scale to become the world’s new money and enterprise blockchain.

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