CryptoPay is an application that allows people to pay for goods and services with any cryptocurrency accepted by a merchant. Merchants can choose to get paid in the crypto or fiat currency of their choice. One of Amplify's strengths is that we allow our customers to use their portfolio of digital asset outside of basic buy, sell, deposit, and withdraw transactions. CryptoPay takes advantage of this as one of the first Amplify clients for the portfolio API and set of services.
A CryptoPay user will create a new Amplify portfolio during CryptoPay registration which will enable them to buy goods and services with any of their cryptocurrencies as well as buy cryptocurrency directly, which they can then add to their CryptoPay account.
Tokens and coins that are available on Amplify are automatically available for use on CryptoPay and can be used to purchase goods and services. There is no additional setup, and users will always have immediate access to their funds through this direct integration.