Category: Announcements

Stable Coin Payment Processing

CoinPayments

CoinPayments is proud to announce the integration of three new stable coins into the CoinPayments ecosystem: TrueUSD (TUSD), USD Coin (USDC), and Gemini Dollar (GUSD). Merchants across the globe will be able to accept payments in these coins, bringing the total number supported through our stable coin payment processing up to four on the CoinPayments platform. With the recent volatility in the market showing the inherent risk in transacting with typical cryptocurrencies and holding on to them as they devalue, we are eager to give our loyal merchants the option…

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CoinPayments + Wyre Partnership

CoinPayments

Settle Crypto Payments to Fiat Quickly and Easily CoinPayments is excited to announce a new partnership with Wyre – a fiat settlement service we have integrated into our platform, allowing our merchants to convert their crypto to USD, CNY, BRL and MXN and automatically wire it to their bank accounts. The Wyre platform leverages blockchain technology to build the fastest and most cost-effective way to transfer money internationally, with no strings attached! Instead of struggling with expensive fees and questionable security, Wyre allows you to send money 8 times cheaper…

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ERC20 Token Payment Processing – Powered by CoinPayments

CoinPayments

CoinPayments is proud to announce that we are the first payment solutions company to offer ERC20 token payment processing! This is massive news because we’re now enabling companies to increase the adoption of their tokens through merchants accepting payments using our ERC20 payment gateway. This was a complex project for CoinPayments because payments need to be linked to transactions and transactions linked to accounts. Unfortunately, there’s no current tag available on the Ethereum blockchain to do so, hence the extra work we had to do to create a workaround. And…

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Official CoinPayments Ripple Theft Statement

CoinPayments

On June 5th, 2017 a Ripple theft occurred on the CoinPayments platform due to an error that allowed a few users to withdraw excessive XRP from hot wallet XRP accounts. Due to the rarity of the circumstances, this issue was difficult to detect. CoinPayments has done a full review of our systems and added additional checks and protections to ensure similar issues do not occur again in the future. This isolated incident was the first of its kind on our platform and affected only ripple wallets which were not taking…

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