July 2, 2020 BitPay announces support for Bitcoin SegWit transactions.

The cryptocurrency payments company, BitPay has announced its support for Bitcoin SegWit transactions. Segregated Witness or SegWit was activated via a user activated soft fork on the Bitcoin network in August 2017 and in part aims to reduce transaction fees. For now, the functionality will be optional via BitPay’s Bitcoin wallets but will become the default transaction option later this year according to the company’s blog post.

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