FCF Pay Enables Crypto Payment for Bitcoin Miners: Report 

• FCF Pay, a payment platform, has recently enabled Bitcoin miners to pay electricity bills using XRP, SHIB, BTC, and ETH.
• About 2000 American companies, including PayPal, American Airlines, Walmart, and Amazon, among others, support payment through FCF Pay.
• Crypto payments are completed by converting the cryptocurrency to fiat currency in the FCF payment using a multichain custodial wallet system.

The FCF Pay, the Canadian-based crypto payment platform, has made an announcement revealing that Bitcoin miners could pay their electricity bills using crypto assets. Recently, the platform has extended its support to XRP and Shibu Inu. Now, over 2000 American companies allow bill payment using cryptocurrencies. Joe Parkin, COO of FCF, has tweeted that Bitcoin miners could use Bitcoin to pay their energy bills.

In addition, popular crypto assets like XRP, SHIB, BTC, and ETH can be used for paying energy bills using FCF Pay. The service mainly focuses on benefiting Bitcoin miners. Customers have the freedom to choose their electricity provider from the FCF website. To pay the energy bills to a provider, who is not listed on the site, payments can be done using the crypto cards.

This development was made shortly after the announcement of FCF pay, enabling customers of Chase Bank to pay their mortgages and credit card loans using crypto. With a wide range of acceptance, now over 2000 American companies, including PayPal, American Airlines, Walmart, and Amazon, allow crypto payments for their bills.

FCF Pay has not only confined its services to the banking sector and energy sector, it has also included Honda and HSBC in its list. The consumers of HSBC can pay their mortgages using crypto, and new vehicle buyers can make payments using FCF-supported coins. 

A multichain custodial system is used to facilitate the transaction process, since no direct payments could be made, which was clearly described in an announcement. When a user makes a payment using FCF Pay, the cryptocurrency is sent to the payment gateway system, and in the background, a highly efficient automated system carries the task. One of the partners pays the requested amount in Fiat currency on behalf of the user. The complete process may take from 24 to 48 hours.