Verotel said that it will only allow merchants to accept Bitcoin under the strict content regulations to avoid fraud and illegal content.

Scheduled to be launched on 15 March 2014 for entire Verotel merchant portfolio, the Bitcoin payment method is under Beta launch and is currently available for a small selection of merchants.

The partnership with Verotel merchants will significantly expand BitPay’s merchants base.

BitPay co-founder and CEO, Tony Gallippi, said: "We believe that BitPay’s order volume will increase significantly with this new partnership. We are proud to share our powerful, reliable, and scalable tools to accept Bitcoin with the high risk industry."

Through this deal, Verotel will be able to offer 1% all-inclusive pricing on all Bitcoin transactions at the Verotel Control Center.