BitPay Exceeds $100,000,000 in Bitcoin Transactions Processed

BitPay Exceeds $100,000,000 in Bitcoin Transactions Processed

BitPay Inc, the world leader in business solutions for virtual currencies, announces it has processed over $100 million in transactions this year, and has increased its merchant base to over 15,500 approved merchants in 200 countries.

Since the announcement of the new All Inclusive Pricing Planin October, along with the integration with Shopify in November, the number of new merchants has increased over 50% and the transaction volume has tripled.

"This year, the 2013 holiday season was Adafruit's biggest ever. We are delighted to offer bitcoin payments via BitPay to our community and customers. It was fast and easy, hundreds of orders and happy customers getting educational electronics, using bitcoin!" shared Limor Fried, Founder and Engineer with Adafruit.

Bitcoin has "clear potential for growth and could become a major means of payment for online transactions” a Bank of America analyst told CNBC. As the number of Bitcoin users continues to increase, merchants such as Adafruit, BTCTrip, Alliance Virtual Offices, and Clearly Canadian, see the value of working with BitPay to help expand their business.

"BitPay is the gateway payment for businesses that want to accept bitcoin. It's the main player to develop the merchant economy for bitcoin community,” said Martin Fernandez, CEO BTCTrip.

BitPay has made the process of becoming a merchant simple, hassle free and accessible everywhere. Merchants choose the way they want to accept Bitcoin; either via mobile device in-store, NFC into a POS terminal, online through any of BitPay’s shopping cart partners, or through direct API. Merchants can also choose how they want their funds settled from one of the 40 local currencies BitPay offers including Bitcoin.

Many of BitPay’s new merchants are “trying to stay ahead of the curve, while expanding our customer base,” says Anthony Gallippi, Owner of Smoke Bourbon BBQ House in Toronto, Canada.

The recently launched global directory features many of the world’s greatest bitcoin-accepting merchants. The directory gives bitcoin users access to thousands of businesses and charities that now accept bitcoin. By continuing to add new merchants daily, BitPay continues its mission to expand Bitcoin in the e-payments world.

About BitPay

BitPay is a Payment Service Provider (PSP) specializing in eCommerce, B2B, and enterprise solutions for virtual currencies.


Related News

BitPay Exceeds $2 Million In Transactions Month-to-Date

BitPay, the world's largest Bitcoin payment processor, has announced that they have processed over $2 million in payments in the first 25 days of March. The company also reports that the rate of transactions is also accelerating, with 3,600 processed this month, and the total number of merchants that the company serves has now increased to over 4,000 - more than triple what it was in November before WordPress's announcement. As a sign of Bitcoin's greater adoption, this news is very significant. As the Bitcoin price has now shot up by a factor of five since it first started its meteoric....

BitPay Has Processed Over $100 Million in Transactions This Year

Bitcoin payment processer BitPay has announced today some pretty impressive figures. The company says they've managed to do upwards of $100,000,000 USD in transactions this year, with a merchant base exceeding 15,000 in about 200 countries. "BitPay is the gateway payment for businesses that want to accept bitcoin. It's the main player to develop the merchant economy for bitcoin community," says BTCTrop CEO Martin Fernandez. The company says that since they've introduced their all-inclusive pricing plan, merchant sign-ups have increased a whopping 50%, effectively tripling the amount of....

BitPay Study: Bitcoin is Now an Every-Day Currency

Digital currency enthusiasts around the world are doing their best to convince people that Bitcoin has shifted from being a speculative investment to an everyday currency. A recent study conducted by Bitpay, the world’s leading Bitcoin payment processor, confirms that statement. BitPay Number Crunching. Because of Bitcoin’s disruptive nature, the digital currency is in a prime position to set a lot of new and unexpected trends. Granted, Bitcoin is still speculative, and its price volatility is still present, but more people now value Bitcoin as a currency. For BitPay, having processed over....

BitPay Sees 6,260% Increase in Bitcoin Black Friday Sales

Payment processor BitPay recorded a record number of transactions during the 'Bitcoin Black Friday' event on 29th November, accounting for 6% of all bitcoin transactions on the day, according to an announcement from the company. "[The bitcoin economy] is soaring ... as merchants are seeing tremendous value in accepting bitcoin payments," said BitPay CEO Tony Gallippi. BitPay said it processed 6,296 bitcoin transactions on Black Friday this year. Transaction volume grew by just under 6,260% compared to a year earlier - BitPay processed 99 transactions on the same date last year. Merchants....

BitPay Releases Bitcoin Black Friday Statistics

Digital currency processor BitPay has today released some impressive statistics from the Bitcoin Black Friday event that took place this past Friday. Bitcoin Black Friday, as the name would suggest, is a play on the traditional Black Friday shopping day, in which retailers heavily discount their prices. Likewise, many businesses online that accept Bitcoin joined in on the fun, and so Bitcoin Black Friday was born. The payment processor said that on November 29th, they processed 6,296 transactions - making the day the most popular in the history of "bitcoin commerce", as noted by the BitPay....