NY Regulator Grants Virtual Currency License to BitPay

Bitcoin payments processor BitPay was granted this week a virtual currency license by the New York Department of Financial Services (DFS).

As the first virtual currency wholesale payments processor to be given such a license, BitPay is now authorized to offer clearing and settlement services to merchants accepting or issuing payments in Bitcoin.

The company says that businesses around the world have already signed up with them to accept bitcoin payments. This includes companies such as Microsoft, Newegg, Namecheap, Gyft, Takeaway, and Virgin Galactic.


Source: Reuters

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