Bitcoin will ease e-commerce pain says BitPay's Gallippi
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....
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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....
BitPay executive chairman Tony Gallippi announced today that his company paid for its upcoming college football bowl game sponsorship in bitcoin. The surprise news came at a press conference held by BitPay and the St. Petersburg Chamber of Commerce to promote the upcoming Bitcoin St. Petersburg Bowl. There, Gallippi revealed that BitPay paid ESPN Events, a subsidiary of the popular US sports network ESPN, in bitcoin in order to secure the sponsorship, a company spokesperson confirmed with CoinDesk. Notably, Tampa Bay Business Journal has estimated that its full contract with the....
BitPay, the leading Bitcoin payment service provider, has teamed up with Ingenico, a company that manufactures point of sale terminals (POS). The companies are expected to release the Ingenico terminal ICT250, announcing it on October 6 at the Blockchain Week in Barcelona. BitPay developed the platform and installed it on the Ingenico terminal, showing....
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....
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....