The popular cryptocurrency payment service BitPay has changed its requirements for processing payments.

BitPay, a popular cryptocurrency payment service, has changed its requirements for processing payments. The company has announced that starting from June 1, 2021, all customers paying with BitPay must first obtain a BitPay ID, a one-time KYC verification process that collects basic information about the customer.

What is BitPay ID?

BitPay ID is a simple and quick one-time verification process that collects basic information about customers. Details about the specific information collected can be found here.

How long does it take to get a BitPay ID?

After uploading documentation, verification and approval usually take just a few minutes.