bitpay

About

BitPay is one of the world's leading crypto payment processors and blockchain payment technology providers, founded by Tony Gallippi and Stephen Pair, enabling businesses and individuals to send, receive, store, and spend cryptocurrency securely. Launched in 2011, BitPay pioneered Bitcoin payments long before crypto became mainstream and has since evolved into a complete crypto payments ecosystem that includes merchant payment processing, a self-custody crypto wallet, crypto payouts, bill payments, and gift card services. BitPay Details: Attribute Details Wallet Type Self-Custody Cryptocurrency Wallet Supported Cryptocurrencies 100+ cryptocurrencies and tokens, including BTC, ETH, LTC, DOGE, BCH, XRP, SOL, USDC, and more Blockchain Networks Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Dogecoin, XRP Ledger, Solana, Polygon, Arbitrum, Base, Optimism, and other supported networks eCommerce Integrations Shopify, WooCommerce, Magento, WHMCS, Wix, and custom API integrations Recovery Method 12-word Recovery Phrase Best Known For One of the world's oldest and most trusted Bitcoin and cryptocurrency payment processors Key Features of BitPay: • Accept cryptocurrency payments from customers anywhere in the world through a simple and reliable payment processing system. • Store, send, receive, swap, and spend crypto while maintaining full control of your private keys. • Supports Bitcoin, Ethereum, Litecoin, Dogecoin, Solana, USDC, XRP, and many other digital assets. • Send cryptocurrency payments to employees, vendors, freelancers, affiliates, and customers across the globe with ease. • Use cryptocurrency to pay eligible mortgages, loans, credit cards, utility bills, and other everyday expenses. • Buy, exchange, and manage cryptocurrencies directly from the BitPay Wallet without switching between multiple platforms. BitPay Milestones: Year Details 2011 BitPay is a Bitcoin wallet that was launched in May 2011 in Orlando, Florida, by Tony Gallippi and Stephen Pair. This was done for the purpose of enabling early adopter merchants to use BitPay services to process Bitcoin payments without being negatively affected by their volatility. 2013 BitPay secured $2 million of Series A funding from Founders Fund. The firm relocated its HQ to Atlanta, Georgia, to benefit from the fintech ecosystem. By 2013, BitPay had been used by 10,000 merchants. 2014 BitPay obtained $30 million of Series B funding, including contributions from Richard Branson. In addition, Sacramento Kings and Zynga became BitPay's partners. It was also in 2014 that BitPay sponsored the St. Petersburg Bowl, becoming the first crypto company to sponsor a North American college sporting event. 2016 The company issued the BitPay Visa Prepaid Card, which was available to US citizens. With this card, users were able to convert their crypto assets to fiat currency. 2018 BitPay got the BitLicense, which is the Virtual Currency License from the Department of Financial Services of New York State (NYDFS). 2021 BitPay increased its coverage of additional digital assets like stablecoins and meme coins. Also, it added to the list of merchants by partnering with brands such as AMC Theatres, Gucci, and TAG Heuer. 2023 BitPay launched BitPay Bill Pay in the United States. Users can pay credit cards, mortgages, utility bills, and auto loans directly from their non-custodial crypto wallets.

Team (2)

• stephen pairOversees company strategy, bitcoin payments innovation, and growth
• Tony GallippiFounded BitPay as pioneer in crypto payments processing

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