Brave Wallet users can now shop with crypto at thousands of top merchants online and in-store, including Newegg, APMEX, PacSun, AMC Theatres, and airBaltic.
The integration of BitPay and Brave Wallet is a significant development for the cryptocurrency payments industry. It is the first time that a major cryptocurrency payment processor has integrated with a decentralized crypto wallet.
The integration is likely to make it easier for users of Brave Wallet to make crypto payments, and it is likely to attract more merchants to accept crypto payments.
The integration of BitPay and Brave Wallet is also a sign of the growing interest in crypto payments from major retailers and brands.
BitPay has said that it has received “strong interest” from major retailers and brands that are looking to accept crypto payments.
The integration of BitPay and Brave Wallet is likely to further accelerate the adoption of crypto payments by major retailers and brands.
In addition to the integration with Brave Wallet, BitPay has also seen strong growth in Litecoin and Bitcoin Lightning Network payments this year.
Litecoin continued to make up about a quarter of BitPay transactions, and the company has processed over $1 million in BTC payments over Lightning since adding support for Bitcoin LN payments in April 2022.
Despite an ongoing bear market, BitPay has recorded a notable uptick in crypto payments in 2022. This trend appears to have continued in recent months as well.
BitPay CEO Stephen Pair observed a strong interest in accepting crypto payments by major retailers and brands, especially high-end brands, even during market turmoil.
“The crypto community is a passionate group that has shown time and time again that they are serious about spending their crypto, and the top brands and retailers are noticing,” Pair said.