“Bitpay cryptocurrency operator performs almost all its operations using Bitcoin”. This was announced by CEO Stephen Pair (Stephen Pair). He said:
"95% of our payments are made in Bitcoin."
Although the figure itself is not surprising, Payr's latest statement contrasts sharply with the comments he made two years ago. As a user of StopAndDecrypt noted in social networks, having backed up his words with two videos from Peyr's speech at the Consensus conference in May 2017, BitPay at that time wanted to abandon Bitcoin.
At that time, the probable alternative was already ready to appear in the industry – Bitcoin Cash was launched two months later.
“For BitPay, the Bitcoin blockchain is no longer effective,” Peyr said two years ago. "... We have several options: one - we are starting to use Bitcoin fork, the second option - we are starting to use Bitcoin fork, and the third option - we are starting to use Bitcoin fork."
Since the advent of BCH, commissions on the Bitcoin network have dropped dramatically. The user StopAndDecrypt suggested that Peir’s harsh statements about Bitcoin at that time were associated with high commissions. However, now the company's attitude towards altcoins has become sharper. Payr also said:
“Over the years, Dogecoin fanatics ... Litecoin fanatics have come to us; they all tried to promote themselves on social networks in order to create an idea that their coin is the only one and ... is going to beat Bitcoin, and therefore we must use it.”
As for Bitcoin Cash, Payr added that his company will continue to support Bitcoin ABC.
Earlier this year, BitPay reported a record income in 2018. The firm said it had processed payments worth more than $ 1 billion. At the end of December last year, Stephen Peir also stated that increasing the practical value of Bitcoin would restore its price.