We’re thrilled to announce that BitPay now supports Ethereum (ETH) and ERC-20 stablecoin payments for payroll and mass payouts through BitPay Send. This expansion enables organizations to leverage the efficiency and flexibility of Ethereum-based tokens for global transactions.
Supported ERC-20 Tokens
Organizations can now payout in these popular ERC-20 tokens:
- Ethereum (ETH)
- Shiba Inu Coin (SHIB)
- ApeCoin (APE)
- Polygon (MATIC\_e)
- Stablecoins: Dai (DAI), USD Coin (USDC), Pax Dollar (USDP), Gemini Dollar (GUSD), Euro Coin (EUROC)
- Wrapped Bitcoin (WBTC)
Traditional cryptocurrencies like Bitcoin (BTC), Litecoin (LTC), Dogecoin (DOGE), and Bitcoin Cash (BCH) remain supported.
👉 Explore crypto payroll solutions
Why Use ETH and Stablecoins for Payouts?
Stability Meets Flexibility
ERC-20 stablecoins (e.g., USDC, EUROC) are pegged 1:1 to fiat, eliminating volatility concerns. Recipients can:
- Convert to local fiat.
- Swap to other cryptocurrencies.
- Spend at thousands of crypto-accepting merchants.
Ideal for Diverse Use Cases
BitPay Send simplifies crypto payouts for:
- Payroll: Offer employees crypto salaries.
- Rewards/Refunds: Incentivize customer engagement.
- Marketplace Settlements: Pay affiliates/sellers at scale.
- B2B Payments: Settle vendor invoices seamlessly.
Advantages of BitPay Send
- No Crypto Holdings Required: Fund payouts in fiat; BitPay handles conversion.
- Low-Cost & Fast: Cheaper than wire transfers; settles in minutes.
- Global Reach: Send to 225+ countries.
- Regulatory Compliance: KYC-verified payees.
- Automation: API integration for programmatic payouts.
👉 Learn about mass payout automation
Getting Started
- Sign Up: Create a free BitPay business account.
- Fund in Fiat: Deposit USD or other fiat currencies.
- Set Preferences: Choose payout currencies (ETH, USDC, etc.).
- Send Payments: BitPay converts fiat to crypto and delivers to recipients.
FAQ
Q: Are stablecoins truly stable?
A: Yes—coins like USDC are backed 1:1 by cash reserves, minimizing volatility.
Q: Can I pay out in multiple cryptocurrencies?
A: Absolutely! Mix ETH, stablecoins, and other supported tokens.
Q: Is BitPay Send available worldwide?
A: Yes, except in restricted jurisdictions (e.g., sanctioned regions).
Q: How are fees calculated?
A: Fees are based on transaction size and network conditions—typically lower than traditional remittance.
Embrace the future of payouts with Ethereum and ERC-20 tokens—secure, fast, and borderless.