BITPAY: Buy, Store, Swap And Spend Crypto The Most Secure, Easy And Smart Way!
As the launch of our NFT Store draws ever closer, we’ve been bringing you in-depth analysis of the companies we’re going to be collaborating with. The list would be incomplete without BitPay.
Country: Atlanta Georgia, USA
Founded: 2011
Industry: Payment Processor
Daily Volume: $4,164,795
A Brief History
BitPay is a bitcoin payment service provider headquartered in Atlanta, Georgia, United States. BitPay was founded in 2011 to provide mobile checkout services to companies that wanted to accept bitcoins. By October 2012, BitPay had grown to having 1,100 active merchants.
The company announced, in September 2013, that it had reached the milestone of 10,000 merchants. Gallippi stated that since the foundation of the company, they had processed over $34M, which was equivalent to 270,830 bitcoins at the time on the Bitcoin Price Index.
In May 2016, BitPay launched the BitPay Visa Prepaid Debit Card, the first prepaid Visa debit card available for bitcoin users in all 50 US states. The company also added new bitcoin-accepting firms including gaming platform Steam.
Digging Deeper
The main objective of BitPay is to transform the crypto finance industry as it evolves over time. BitPay provides businesses and individuals with a highly secure and inexpensive payment system. Due to all of its advanced features, BitPay has expanded across six continents and is now among the largest Bitcoin payment processors globally.
BitPay gives you full control of your crypto finances making it a safe option. It also provides you a lot of other options than just storing Bitcoin and Bitcoin Cash in the wallet, such as you can purchase and sell your crypto using the app. Apart from that, the BitPay card can be used for transactions as it is accepted by all Visa merchants and supported by all ATMs.
In May 2016, BitPay launched the BitPay Visa Prepaid Debit Card, the first prepaid Visa debit card available for bitcoin users in all 50 US states. The company also added new bitcoin-accepting firms including gaming platform Steam.
BitPay has raised a total of $74.3M in funding over 10 rounds. Their latest funding was raised on Jul 22, 2021 from a Series B round.
The company’s overall 2021 payment volumes rose 57% year over year. BitPay was founded in 2011, when few companies accepted digital coins. Today it processes an average of about 68,626 transactions per month!
Recently, Frost & Sullivan, leading market research and consulting firm, recognized BitPay as the Company of the Year in the alternative payments space.
Why Use BITPAY
📌Easy setup: BitPay provides payments buttons, a hosted checkout, and embeddable invoices for your website.
📌Zero price volatility: BitPay shields you from the price volatility of Bitcoin and other cryptocurrencies.
📌 Store and spend Bitcoin on your own terms. Manage multiple wallets on the go.
📌Instant access to all of your assets.
The company’s overall 2021 payment volumes rose 57% year over year. BitPay was founded in 2011, when few companies accepted digital coins. Today it processes an average of about 68,626 transactions per month!
To learn more about BitPay payment protocol, sponsors and more from MMPro analysis, click >>> here <<<
BitPay will be on MMPro NFT Store launching soon and will be available in 5 Tiers!
Stay tuned for launch dates announcement! 🚀
*all data provided in this article are relevant to date 08/27/2022
