BitPay CEO Tony Gallippi warns against DIY Bitcoin fails #Bitcoin2013
BitPay CEO Tony Gallippi made a case at Bitcoin 2013 for why the digital currency needs payment networks like his. With services like his, Bitcoin is far more secure and affordable than credit cards, Gallippi argued. "The peer-to-peer payment network that Bitcoin is, it's not really that new, when you look at the three technologies that it brings forward," Gallippi said, referring to the cloud, mobile and open source. "Bitcoin is an accounting ledger in the cloud." The digital currency is much more than that, though, he added. "These are three growing trends in the world today, and Bitcoin....
Related News
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....
While covering Bitcoin 2013 in San Jose this past weekend, CoinDesk sat down and talked with Tony Gallippi, co-founder and CEO of the payment processing firm BitPay: CoinDesk: Why do people need BitPay when they can just put their Bitcoin address on their website and get paid for free? Gallippi: (Without a payment processor) you have no idea who just paid you, or what is it for ... CoinDesk: What kind of companies need your service? Tony Gallippi, BitPay. Gallippi: Ninety percent of our clients are e-commerce ... The companies that we have (feel) the most pain trying to collect payments....
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 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 with a convenient interface to do so similar, but usually much simpler, than that provided by traditional merchant services like PayPal. For a small additional fee, BitPay also provides the option for merchants to have any bitcoins that....
During the lunch hour at Bitcoin 2013, Tony Rousmaniere of Fairbanks, Alaska, walked up to the BitPay booth and asked to buy a few copies of Bitcoin Magazine. "We only take bitcoin," warned BitPay CEO Tony Gallippi. The transaction's first hurdle had arisen: Rousmaniere keeps his bitcoins on a USB drive, not in an online account that could be easily accessed with his smartphone. He considers going to the ATM being demo'd at the show to change dollars into bitcoins. Instead, a friend offers to pay for the magazine with his Coinbase account, telling Rousmaniere he can pay him back later.....