BitPay Now Requires Your Photo ID for Purchases Over $3K in Bitcoin

BitPay Now Requires Your Photo ID for Purchases Over $3K in Bitcoin

Cryptocurrency payment processor BitPay is introducing new identity verification measures for certain high-value payments, refunds and payouts. According to an Aug. 1 announcement from the United States-based firm, the new measures notably do not apply to person-to-person payments using the BitPay and Copay apps.