I don't think I have heard of BitPay since Coinbase was already an easy alternative. But I do think this will increase the number of competitors going into the crypto space. Mainly because more options is always better than having no option.
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Coinbase is an exchange, Bitpay is a payment provider. Through Coinbase you can buy or sell crypto, with BitPay you can use your crypto to buy & sell other stuff.
That's correct! One would enjoy having multiple options to choose from.
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