The BitPay BOOM

The BitPay BOOM

On the tails of Bitcoin Black Friday, BitPay Inc. announced a new record of processing 55,288 of bitcoin merchant transactions in November. BitPay continues to sign on new merchants daily and most recently released a new merchant pricing model and merchant directory. Taking the lead in the payment processing space in the Bitcoin community, BitPay also brought on Virgin Galactic as a merchant to go as far as facilitate the acceptance of Bitcoin for flights to outer space! BitPay onboarded over 3,000 merchants and also worked with Shopify to integrate BitPay into its checkout process to....


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BitPay Surpasses 10,000 Merchants

BitPay Inc, one of Bitcoin's lead payment processing companies, has just announced that it has surpassed 10,000 merchants. BitPay now provides services to merchants in 164 countries with approximately 50% in North America, 25% in Europe, and 25% in the rest of the World. During the month of August, BitPay processed over 10,000 transactions reaching a total value of over $6.4 million. As Bitcoin is becoming more mainstream many merchants are looking for expedient ways to sell products for BTC and BitPay is on the radar. With a Year-to-date in 2013 of over $34 million worth of bitcoins, a....

BitPay Introduces New Cryptographically-Secure API

Some news coming this evening from the BitPay camp. The Atlanta-based bitcoin processing company announced Thursday a new cryptographically-secure API that makes use of previously-announced authentication protocol BitAuth. Without getting to specific (largely due to the fact that I am not a programmer/developer), BitPay's new API offers a number of features that certainly sound like they are useful. This includes the implementation of refunds to any bitcoin address (as opposed to requiring a BitPay account). here's what BitPay has to say on the feature: [The refund API] will allow all of....

The Rise of Startups in the Philippines

The boom of modern technology has brought on both positive and negative repercussions to today’s society. Fortunately for a country like the Philippines, this trend has been more beneficial than detrimental to the business sector, given the boom of technology startup companies. As early as 2013, the IT sector has been considered as one of the fastest-rising ones in the country. According to Smart Communications’ chief wireless officer and founder Orlando Vea, there has been a “massive improvement” in the tech startup scene in the Philippines, given the inventive mindset of today’s working....

BitPay Opens Offices in San Francisco and New York

BitPay has expanded its operations by opening offices in San Francisco and New York. The bitcoin payment processor is headquartered in Atlanta, but the new offices will help the company to bring in new business and offer operational support to the merchants it currently works with. "BitPay is happy to announce two new office openings in San Francisco and New York City. Our San Francisco location hopes to leverage the existing tech and bitcoin communities throughout the area," said Stephanie Wargo, BitPay's VP of Marketing. "BitPay's office in New York will enhance visibility in the....

BitPay Layoffs Allegedly in the Works

Is BitPay in trouble? Wind has been caught that one of the world's largest bitcoin payment processors is in the process of performing massive layoffs, and that half its staff will leave its vicinities in order to halt costs and keep up with bitcoin's current pace. A user named Bingo Boingo on qntra.net writes on the website's forum: "According to a known and reliable eyewitness numerous people have been spotted leaving the BitPay office in tears. This suggests rumors of further rounds of layoffs at BitPay. The witness further suggests that the marketing department was hit hard as many....