Bitpay CEO Stephen Pair Believes Mass Crypto Adoption is 5 Years Away

Bitpay CEO Stephan Pair has gone on record to say that he believes that mass crypto adoption is only 3 to 5 years away. He talked about the possibility of wider adoption when recently chatting to the American news network CNBC.

The Bitpay head honcho believes mass crypto adoption is closer than we think. In the interview with CNBC, Stephan Pair talked about the potential of the BTC ETF and the possibilities of mass crypto adoption.The Bitpay head honcho believes mass crypto adoption is closer than we think. In the interview with CNBC, Stephan Pair talked about the potential of the BTC ETF and the possibilities of mass crypto adoption.

It’s interesting to point out that the speculation is based on future usage, which is basically another phrase to explain mass crypto adoption.

Ohio makes history by allowing tax payments through BitPay using BTC

In what is being hailed as a first in America, Ohio’s State Treasurer Josh Mandel has made it possible for businesses to pay taxes using Bitcoin. In the coming weeks, business owners in the state will be able to register and settle their tax liabilities online, with payments to be processes by cryptocurrency payment service provider BitPay. Businesses will be able to pay 23 different taxes using BTC through an online portal that has been set up by the state treasury office. As it stands, individuals will not be able to use the service to pay private taxes.

A malicious plague has taken over BitPay and Copay

Global Bitcoin payment service BitPay has warned customers of a vulnerability on a third-party NodeJS package used by the Copay and BitPay apps which could be used to capture users’ private keys. The company said the malicious code was deployed on versions 5.0.2 through 5.1.0 of its Copay and BitPay apps. BitPay recommended users to move funds to new wallets immediately as private keys are potentially compromised. BitPay is currently investigating the matter as to whether Copay users suffered from any attack purported the malicious code, the company said in a statement.“Currently, we have only confirmed that the malicious code was deployed on versions 5.0.2 through 5.1.0 of our Copay and BitPay apps.”

Out on a Caution Parole – Bitpay sides with Bitcoin ABC

Though cryptocurrency is proven to have a wide chance of profit, some of the coins still face scenarios like languishing followed by plummeting trade volumes. Forecasting the hazards it has to face, Bitpay has joined the litany of industry heavyweights including Coinbase and Binance. Though it is not a magistrate to empower any administrative law, BitPay’s smart approach is quite the surprise.  Without delving too much into the debate, BitPay said that the system uses the primary software implementation of Bitcoin Cash called Bitcoin ABC. The thing that the users find niggling is that they have recommended the users not to send transactions in the time surrounding hardfork, saying this could increase the risk of user funds being lost or double-spent.