Bitpay Adds Bitcoin Cash Support to Copay Wallet and Insight Block Explorer

in #news7 years ago

Over the past few days, the Bitcoin payment processing firm Bitpay announced two types of infrastructure support features for the cryptocurrency bitcoin cash (BCH). Bitpay has launched a BCH beta version of its Copay wallet and added the BCH chain to its Insight block explorer.

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Bitcoin cash supporters can now manage their BCH with the new beta release of the open source Copay wallet created by Bitpay. The payment processing firm said that the company had received a lot of requests for BCH support. The beta Copay wallet enables users to choose between BTC and BCH within the interface.

“Since the creation of bitcoin cash (BCH) in August, we’ve received consistent feedback from our users asking us to support it,” explained the Atlanta-based company. “Bitcoin Cash is a fork of the Bitcoin blockchain which accepts much larger blocks of transactions, intended to provide the Bitcoin network with higher transaction capacity.”

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Bitpay is Creating New Conventions With Other Wallet Providers to Help Mitigate Transaction Errors Between Both Networks
Bitpay says the new wallet will operate just like the original Copay client but on the BCH network. Currently, the firm is in the process of creating safeguards and has created new conventions to “ensure users don’t accidentally send BTC to a BCH wallet or vice versa.” Furthermore, the company says that it has been working with other wallet providers and exchanges to help promote these new conventions. Bitpay emphasizes that the latest Copay wallet is still in its early stages and users should be cautious with their digital assets stating:

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