According to a press statement, BitPay, the largest cryptocurrency payment service provider in the world, will offer two new cryptocurrencies, ApeCoin and Euro Coin.
The BitPay Wallet software will now let users purchase, store, trade, and spend the coins.
Additionally, businesses that use BitPay will be able to take the coins as payment.
Gucci will be the first retailer to accept ApeCoin via BitPay, adding it to the 10 cryptocurrencies it already accepts at the majority of its locations.
The native token for the enormously popular Bored Ape Yacht Club NFT collection, which is a division of Yuga Labs, is called ApeCoin.
The token will be the main currency utilized across the Ape ecosystem, which includes numerous games and communities.
APE holders may now instantaneously convert their ApeCoin into cash and purchase gift cards for shops in addition to making purchases with BitPay merchants.
According to Stephen Pair, CEO of BitPay, “We introduced ApeCoin and Euro Coin because clients of our upscale merchant partners begged for it.” “We provided what they requested,”
Euro Coin is a stablecoin backed by the euro that was launched by Circle. It offers low-cost transaction fees, rapid access to the euro across borders, and quick settlement.
