BitPay

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BitPay
Headquarters Atlanta, Georgia, USA
Website Official website
Launched May, 2011

BitPay is a Bitcoin startup company headquartered in Atlanta Georgia. Founded in May 2011 by Anthony Gallippi and Stephen Pair, BitPay is the leading Bitcoin payment service provider,[1] for which the company has been called the "PayPal of Bitcoin".[2] As of January 2014, BitPay provides payment processing services for more than 20,000 businesses,[3] including the gaming giant Zynga,[4] popular blogging platform WordPress,[5] and the NBA's Sacramento Kings, and has processed over US$100 million worth of bitcoin transactions.[2] The company also provides a payroll API whereby American employees can elect to have all or part of their salary paid in bitcoin. [3]

BitPay processed over US$3 million worth of bitcoin transactions in 2012 and ended the year with more than 2,100 merchants using the platform.[6] In January 2013 the company announced US$510,000 in angel investment, its first external capital after being internally bootstrapped.[7] In June 2013, BitPay received an additional US$2 million venture capital investment led by the Founders Fund.[8] In December of 2013, Hong Kong business magnate Li Ka-shing invested through his Horizons Ventures firm about $2.7 million into BitPay.[9]

References

  1. ↑ "BitPay CrunchBase Profile". Crunchbase.com. Retrieved 2014-01-17. 
  2. ↑ 2.0 2.1 Ingrid Lunden. "Sacramento Kings Fans Can Now Buy Tickets And Merchandise With Bitcoin Via BitPay". TechCrunch. Retrieved 2014-01-17. 
  3. ↑ 3.0 3.1 Jon Southurst. "Get Paid in Bitcoin With BitPay's New Payroll API". Coindesk.com. Retrieved 2014-01-17. 
  4. ↑ Ingrid Lunden. "Zynga Links Up With BitPay For A Bitcoin Payment Test In FarmVille 2, CityVille And Other Web Games". TechCrunch. Retrieved 2014-01-17. 
  5. ↑ Farivar, Cyrus (2012-11-16). "WordPress now accepting payment in Bitcoin". Ars Technica. Retrieved 2014-01-17. 
  6. ↑ Rebecca Grant (2013-01-07). "Funding Daily: Dream the dream". VentureBeat. Retrieved 2014-01-17. 
  7. ↑ Drew Olanoff (2013-01-07). "BitPay Banks $510K In Investment To Become PayPal for Bitcoin, Already Has 2,100 Businesses On Board". TechCrunch. Retrieved 2014-01-17. 
  8. ↑ Ingrid Lunden (2013-05-16). "With PayPal-Like Ambitions For Bitcoin, BitPay Raises $2M Led By Founders Fund". TechCrunch. Retrieved 2014-01-17. 
  9. ↑ Pankaj Mishra (2013-12-27). "’s Richest Man Invests In BitPay". TechCrunch. Retrieved 2014-01-17. 

External links

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