ATLANTA – (COMMERCIAL THREAD) –BitPay, the world’s largest provider of Bitcoin and cryptocurrency payment services, today announced its 10e birthday. Founded in June 2011, when Bitcoin was in its infancy, BitPay wanted to make it easier for businesses to accept bitcoin payments and became the largest bitcoin payment processor in the world. Serving the world’s leading companies in the industry and supporting hundreds of thousands of crypto users, BitPay works with Microsoft, ATT, WeWork, Camping World, Newegg and Jomashop.com and has processed over $ 5 billion. in payment volumes since its creation and for tens of thousands of companies around the world. .
“BitPay sees a different future for payments and is building blockchain-based payment technology solutions to transform the way businesses and people send, receive and store money around the world,” said Stephen Pair, co -Founder and CEO of BitPay. “Ten years ago, we saw the potential of bitcoin to revolutionize the financial industry, making payments faster, safer and cheaper globally. Now we support 11 different cryptos and users can make crypto payments using any crypto wallet.
The use of Bitcoin has increased exponentially as it disrupted traditional financial systems. The ability to accept cryptocurrency expands a company’s selling opportunities in international markets where accepting traditional credit cards is inconvenient, while reducing high fees and increasing transparency and efficiency. efficiency of payments.
Since its inception 10 years ago, BitPay has led the industry to evolve and new innovations to make it easy for businesses and consumers to support crypto, including:
The exit of bitpay.com, the first merchant to register and transact in Bitcoin adding WordPress as BitPay’s first established merchant
- BitPay’s payment processing service, online integration and email billing, allow businesses to accept crypto and receive payment for the next deal without price volatility or business risk.
The release of the BitPay app, a comprehensive wallet app for safely storing and spending bitcoins
Close an extended $ 40 million Series B financing round, bringing its total raised capital to over $ 70 million with new investors Aquilin Capital Partners, Menlo Ventures, Uppercase nine, G squared, Nimble Ventures (a subsidiary of Passport Capital) and Delta-v Capital as well as individual investments from Christopher Klauss Family Office, founder of Internet Security Systems (ISS) and Alvin Liu, co-founder of Tencent
Expansion of supported coins to include BCH, ETH, XRP, DOGE, DAI, WBTC and USDC, GUSD, PAX and BUSD stable coins in addition to BTC
Launches the BitPay Card, the first Mastercard® Prepaid card for crypto users in the United States where customers can instantly turn crypto into fiat currency, which is then loaded onto the card and can be spent anywhere Debit Mastercard is accepted
Add Apple WalletMT for US cardholders of the BitPay Prepaid Mastercard with Google Pay and Samsung Pay support coming soon
Quantify the Benefits for New Businesses with Forrester Consulting in a Study titled “The Total Economic Impact ™ of Accepting Bitcoin Using BitPay”Revealing that up to 40% of customers who pay with crypto are new to the merchant, the purchase amounts are double that of credit card purchases, crypto is cheaper than card cards and it doesn’t there is no chargeback related to fraud
- BitPay Send, a new mass payment service enables organizations of all sizes to pay their employees, affiliates, customers, suppliers, contractors and more with crypto
The future of crypto is bright and BitPay continues to be at the forefront of blockchain technology, creating tools and services to expand adoption for everyone to use crypto in innovative ways.
Founded in 2011, BitPay celebrates its 10e anniversary this year as one of the oldest cryptocurrency companies. As a pioneer in blockchain payment processing, the company’s mission is to transform the way businesses and individuals send, receive and store money. Its business solutions eliminate fraudulent chargebacks, reduce the cost of processing payments, and enable borderless payments in cryptocurrency, among other services. BitPay offers consumers a complete digital asset management solution that includes the BitPay wallet and the BitPay prepaid card, enabling them to turn digital assets into dollars to spend at tens of thousands of businesses. The company has offices in North America, Europe and South America and has raised more than $ 70 million in funding from leading investment firms including Founders Fund, Index Ventures, Virgin Group and Aquiline Technology. Growth. For more information visit bitpay.com.
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