Bitcoin Processor BitPay Reduces Staff in Cost-Cutting Effort
This article has been updated with comment from BitPay CEO Stephen Pair. BitPay has reduced the size of its staff in an effort to "reduce costs" and "better align with the pace of growth" in the industry, according to an email sent by CEO Stephen Pair to the firm's employees earlier today. The confirmation of staff reductions at the troubled bitcoin payments processor follows speculation, rumors and a report by bitcoin news source Qntra that BitPay employees were seen leaving its Atlanta office following layoffs. Pair's email, entitled "Important Company Announcement" and sent to the....
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Gemini, the cryptocurrency exchange owned by the Winklevoss twins, is laying off more staff. According to reports, the company is axing 7% of its current workforce, as it engages in significant cost-cutting policies. This is the second wave of layoffs at Gemini, after the company laid off 10% of its staff less than two months ago.
Gemini Lays Off More Staff
Gemini, a regulated, U.S.-based cryptocurrency exchange founded by the Winklevoss twins, is reducing the size of its workforce, according to sources. While the exchange did not make an internal announcement for this round of....
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Yesterday, BitPay Inc, the world's leading payment processor for Bitcoin announced an expansion to now 10 full time employees. BitPay, founded in 2011 by Tony Gallippi and Stephen Pair, has continued to expand in organizational and merchant growth. Through enabling now almost 7,000 merchants to be able to process payments in the Bitcoin currency, BitPay continues to lead the way in promoting the utility of Bitcoin. BitPay announced the newest additions to the team. Jeff Garzik, Bitcoin core-developer, will join staff to work full-time on Bitcoin and contribute his knowledge on the core....
Environmental campaign organization Greenpeace has announced it will start accepting bitcoin donations in its USA division via a partnership with payment processor BitPay. The move offers cost savings for the organisation, as well as the possibility of tapping into new sources of funds. Greenpeace does not accept donations from corporations or governments, instead, the nonprofit relies on individual donations. This practice comes with a drawback, however, since the cost of many, relatively small, transactions can easily add up. This largely because credit card companies and other....