BitPay Shifts Focus from Payments and Merchants to Large Banks
Bitcoin payment processor BitPay has announced at the Money Conf Belfast that the startup will shift its focus from merchant payment platforms and services to working with large financial institutions and banks. BitPay plans to implement the payment infrastructure that was initially developed to secure BitPay’s accounting system to settle credit card and bank settlements by simplifying and securing the process of transferring money from one account to another using the Bitcoin blockchain. Bitpay CEO Stephen Pair announced that the instantaneous transfer of payments which the Bitcoin....
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Bitcoin payments processor BitPay has revealed it is now processing an average of $1m worth of bitcoin payments per day. Coinbase and BitPay are currently the biggest bitcoin processors on the market and BitPay says it is serving the needs of over 30,000 businesses and organisations. The company's client list features a number of big names, including: Zynga, Virgin Galactic, WordPress, Gyft, Shopify and TigerDirect. Bitcoin adoption made easy. The basic idea behind bitcoin payments processors is simple - they allow merchants to accept bitcoin without having to handle bitcoins at all, as....
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In a recent blog post, bitcoin payments processing company BitPay outlined how the industry has changed in the past years. The company was founded back in 2011 when the cryptocurrency was still gaining traction. Fast forward to 2015, BitPay recognizes that over a hundred thousand merchants are already accepting bitcoin, with 60,000 of those using BitPay to facilitate transactions. As of this writing, the company has merchants located across six continents and 92 countries. Bitcoin Payments Growth. According to its data, bitcoin payments volume in Europe and North America account for....
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