Welcome to the Bitpace Newsroom – your reliable source for the latest Bitpace news, announcements, and Bitpace company notices. From product launches to company milestones, we bring you all the updates you need to stay informed about what's happening in our world.

As a fintech company operating in the fast-paced world of cryptocurrency, there's always something exciting going on at Bitpace.

We're committed to keeping you informed every step of the way, offering timely, transparent updates on everything that affects our community.

So keep an eye on this space for all the latest Bitpace announcements. Never miss a beat in the dynamic world of cryptocurrency payments!

12/01/2024 10:51:55

Multinetwork Support with TRC20 

We are thrilled to share a double dose of good news regarding Bitpace’s latest developments.

Multinetwork Support with TRC20:

As part of our commitment to providing you with a cutting-edge payment experience, we have introduced multinetwork support with TRC20. This enhancement brings added flexibility to your transactions, allowing you to choose your preferred network seamlessly.

Key Features:

  • API Integration Improvement:
    • Utilize the new ‘network’ parameter in the API to specify your preferred network for transactions.
  • User-Friendly Interface:
    • A new network combobox is now available for related cryptocurrencies, ensuring a smoother selection process.
  • Seamless Transition:
    • Your existing integrations remain unaffected, ensuring a seamless transition to the enhanced system.
  • Supported Networks:
    • Currently, we support TRC20 and ERC20 for USDT and USDC, with many more networks in the pipeline.
  • Default Setting:
    • For your convenience, if no network option is selected, ERC20 will be set as the default.

Cost-Efficiency with TRC20:

In addition to the newfound flexibility, opting for TRC20 transactions brings an extra layer of benefits – reduced withdrawal fees.

Key Advantages:

  • Cost Savings:
    • Enjoy lower withdrawal fees compared to other networks, contributing to overall cost savings.
  • Enhanced Affordability:
    • TRC20 integration is tailored to provide you with a more economical payment solution.
  • Transparent Transactions:
    • Benefit from transparent and predictable withdrawal costs, ensuring a streamlined financial experience.

We believe that these updates will empower you to make choices for your transactions and contribute to cost-effective business operations. Thank you for choosing Bitpace as your payment gateway. Please do not hesitate to reach out for any inquiries or further assistance.

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11/01/2024 07:43:01

Compliance Milestone: Travel Rule implemented

Dear Bitpace Community,

We are delighted to announce a significant milestone in our commitment to regulatory compliance – we are now Travel Rule Compliant, ensuring adherence to global standards, with a particular focus on meeting the mandatory requirements set by the Estonian regulatory authorities.

Key Highlights:

  • Global Readiness:
    • Bitpace is prepared to comply with the travel rule regulations worldwide, aligning with international standards.
  • Estonian Licensing Requirement:
    • According to Estonian regulations, compliance with the travel rule is mandatory for our Estonian-licensed entity.
  • Partnership with Notebene:
    • To facilitate seamless adherence to the travel rule, we have partnered with Notаbene, ensuring Bitpace’s compliance with the requirements
  • Efficient Communication:
    • Notebene’s expertise ensures that our travel rule messages are effectively communicated to the necessary parties, meeting regulatory obligations.
  • Estonian Entity Operational Readiness:
    • With this crucial development, our Estonian entity is now fully equipped to commence operations under its license.

This accomplishment reflects our ongoing commitment to operating with integrity and in full compliance with the regulatory landscape. We believe that adherence to the travel rule requirements is essential for maintaining the trust and confidence of our community and regulatory authorities.

Should you have any inquiries or require further clarification, please feel free to reach out. Thank you for your continued support as we navigate and adapt to the evolving regulatory landscape.

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