ApeCoin Now Supported by BitPay

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Alex Dovb­nya

Bit­Pay has added sup­port for ApeCoin, the native token of the Bored Ape Yacht Club ecosys­tem, and Euro Coin, a euro-backed stablecoin 

Bit­Pay, the lead­ing cryp­tocur­ren­cy pay­ment proces­sor, has announced that it now sup­ports the ApeCoin (APE) cryptocurrency.

As report­ed by U.Today, Ital­ian fash­ion house Guc­ci announced that it would start accept­ing the cryp­tocur­ren­cy in part­ner­ship with Bit­Pay, giv­ing the token that under­pins the Bored Ape Yacht Club NFT ecosys­tem a major adop­tion boost. 

ApeCoin is the 34th biggest cryp­tocur­ren­cy at the time of writ­ing, accord­ing to Coin­Mar­ket­Cap data.

In addi­tion, the Atlanta, Geor­gia-based com­pa­ny added a euro-backed sta­ble­coin called Euro Coin (EUROC) to the list of avail­able cryptocurrencies.

Bit­Pay users are now able to buy, store and swap the two new cryp­tocur­ren­cies in the Bit­Pay wal­lets and spend them instead of cash. 

In June, Bit­Pay processed a total of 66,608 trans­ac­tions, accord­ing to data pub­lished on its website.

Bit­coin, the largest cryp­tocur­ren­cy, account­ed for more than half of all the trans­ac­tions (53.3%). Lite­coin (21.21%) and Ethereum (9.71%) come in sec­ond and third places, respec­tive­ly. Doge­coin (6.17%) and Bit­coin Cash (5.02%) are also in the top 5. Shi­ba Inu account­ed for less than 0.5% of all trans­ac­tions, which is a small­er share com­pared to March.

In July, Yacht­zoo, the Mona­co-based lux­u­ry yacht com­pa­ny, part­nered with Bit­Pay, mak­ing it pos­si­ble for its cus­tomers to buy, sell or char­ter a yacht with the help of a wide range of dig­i­tal assets.

Kuoni, a Switzer­land-based tourism com­pa­ny, also announced a part­ner­ship with Bit­Pay last month.

The exten­sive list of mer­chants sup­port­ed by the promi­nent cryp­to com­pa­ny includes AMC The­atres, the largest cin­e­ma chain in the world, and major elec­tron­ics retail­er Newegg.

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