This past November the largest bitcoin payment processor worldwide, Bitpay, announced the company’s move to integrate a process called BIP-70, otherwise known as the Payment Protocol, into the Bitpay invoice platform.Since the last software update, Bitcoin.com’s Wallet is one of the seven clients compatible with Bitpay’s recent BIP-70 implementation.
All a Bitcoin.com Wallet user has to do is scan the Payment Protocol code (or copy n’ paste the code) that Bitpay requires for merchant invoices, and Visa card debit loads into the ‘recipient send’ section of our wallet. After that all the details of the transaction will be shown on the screen including the network fee, and the total amount being sent.
“Payment Protocol wallets instantly lock in the correct sending amount and bitcoin address for a payment to Bitpay — They are not subject to the manual mistakes which cause so many costly payment errors,” explains Bitpay’s CEO Stephen Pair.