Wallet Developers Express Security Concerns Over BitPay’s Payment Protocol Policy

By Giulio Prisco


On December 14, 2017, BitPay announced a first step toward enforcing the payment protocol: All orders of the BitPay Card will require payments from Payment Protocol-compatible wallets, such as BitPay’s own wallet and a few others. This announcement came after an initial notice in November 2017, when BitPay first announced that BitPay invoices would soon require payments from wallets compatible with the Bitcoin Payment Protocol.

BitPay’s move has since been met with resistance by some wallet developers that don’t support the Bitcoin Payment Protocol; some are suggesting that BitPay is abusing its leading position in the payment processing space and putting user security at risk.

“We absolutely do not support BitPay in aggressively using their dominant position of market share to bully wallet providers into supporting their business plans or bully users into a system that degrades their privacy and the fungibility of bitcoin as a whole,” stated bitcoin wallet Samourai in its blog post of January 2, 2018.

The Bitcoin Payment Protocol (BIP70), proposed by Gavin Andresen and Mike Hearn in 2013, describes a protocol for communication between a merchant and their customer, “enabling both a …read more

Source: http://bitcoinmagazine.com/