BitPay Exceeds 1,000 Merchants - An Interview with Tony Gallippi
BitPay first opened its doors in the summer of 2011, seeking to help solve what founder Tony Gallippi believes to be one of the greatest problems preventing consumers and merchants from using Bitcoin: usability. The company's main offering is a payment processing service, which merchants can sign up for to provide customers wishing to pay them in bitcoin....
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BitPay's co-founder Tony Gallippi is no stranger to innovation. He helped create BitPay in 2011, making it the first bitcoin-payment processor. It led the path to connecting consumers and merchants, and still does today. At theNorth American Bitcoin Conference in Chicago, Gallippi was excited to expand upon BitPay's newest project and innovation to the Bitcoin community called Copay. CCN. Copay is an open-source multi-signature wallet with some highly interesting features created on BitPay's Bitcore, an open source bitcoin stack. For starters, BitPay is using Copay as one of its platforms....
The recent Bitcoin price run has been a long time coming to many observers. BitPay, recently in the news a lot regarding their landmark partnership with ESPN to launch a Bitcoin Bowl, and other large Bitcoin companies are poised to benefit from increased attention and activity in the Bitcoin world. The recent take down of Silk Road 2.0 and dozens of other Deep Web/Dark Net marketplaces by the FBI and other government agencies has driven mainstream media coverage of Bitcoin, Tor, and cryptocurrencies in general. Also read: Bill Gates: "Bitcoin Technology Is Key". BitPay's Tony Gallippi....
BitPay has now helped over 10,000 merchants across the world accept payments in bitcoin. The company, which was founded in 2011, only approved its 1,000th company this time last year, so it has experienced a huge surge in business over the past 12 months. Of the merchants that use BitPay, some 50% are located in North America and 25% are in Europe. Over 90% of the merchants using the payment service provider are ecommerce businesses, and BitPay also counts blogging platform WordPress among its clients. Tony Gallippi, co-founder and CEO of BitPay, said: "Our largest merchants are selling....
Atlanta, Georgia-based bitcoin is taking a huge step forward in making it easy for merchants to sign up with their payment processing service. Today, the company has announced a new pricing plan, or we should probably say the lack thereof. BitPay's going partially free. Basic payment processing will cost merchants nothing, no matter how many transactions they handle. And this isn't a one-time/limited-time promotion. BitPay says it's the model they're going with from now on. By doing so, BitPay is effectively obliterating the barrier to entry for new merchants. They currently offer....
BitPay will no longer offer its "free and unlimited" introductory service to new merchants looking to accept bitcoin as payment. First introduced in July 2014, the plan sought to help the startup reach its goal of enrolling 1 million merchants by 2017. At the time, executive chairman Tony Gallippi described the plan as "free and unlimited", stating that such a pricing scheme would continue "forever" in a bid to entice merchants to the platform. The announcement marks a break from the 0% transaction fee model BitPay has sought to market since late 2013 when it introduced a Professional....