The Canada-based virtual currency company behind a virtual currency called BCH is expanding into the U.S. with a new smartphone application that lets customers pay for digital goods online using bitcoin.
The new BCH payment app, called CoinPay, was developed with support from the National Credit Union Administration, according to a news release from CoinPay.
The application was available to download from Coinpay’s website Wednesday, though it didn’t specify which credit unions it was compatible with.
The company said it would provide more information about the application in a future update.
The news release did not specify whether the app would be compatible with the BCH wallet, the way it works now with other cryptocurrencies.
CoinPay’s app is different from other virtual currency apps, which are designed to be more secure and privacy-focused.
In addition to Bitcoin, CoinPay offers products for PayPal, Visa and Mastercard, among others.
The Bitcoin app for iPhone, iPad and Android is the most popular on iOS.
Coinpay said in an interview with CoinDesk that it has invested in the Bitcoin ecosystem because it believes it has a unique product and the right customer-facing technology.
“We believe that our approach to Bitcoin is unique and that is a really important thing for any of the emerging markets that are going to be interested in it,” said Peter Diamandis, Coinpay co-founder and CEO.
“It’s a completely open and free protocol, and the best part is that the protocol itself is built in Bitcoin.
We are not an exchange or a payment service.”
CoinPay and its competitors have been criticized for being too focused on Bitcoin, rather than other digital currencies.
CoinDesk has reported that some Bitcoin businesses have been taking advantage of the new BCP card by accepting Bitcoin payments for items like goods.
Bitcoin was first introduced in 2009 as an alternative to traditional currencies, such as the U, Dinar or Yen.
But it has been gaining traction with users for years, and it has become the preferred payment method for many people and businesses around the world.
Coin Payments’ latest smartphone app lets people use their credit cards to buy goods from online stores using Bitcoin.
The BCP, which is currently in beta testing, will be available later this year for iPhone and Android.
“This is an incredibly exciting time for bitcoin and bitcoin payment,” said Diamadis.
“The industry is in a transition phase and this is an opportunity to make the world more secure, to create new business models and to build a global ecosystem.”