BIPS: Buy Bitcoins In Denmark With Your Mobile Phone
Note: there has been some confusion regarding Danske Bank's involvement with this service. Danske Bitcoin is a service independently run by BIPS, and there are no formal agreements between BIPS and Danske Bank to facilitate the offering of this service. BIPS, a Bitcoin payment processor based in Canada and Denmark, has just announced a new service:....
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Europe's primary bitcoin payment processor for merchants and free online wallet service, BIPS, was the target of a major DDoS attack and subsequent theft in the past few days that saw 1,295 BTC (just over $1m on CoinDesk's BPI) stolen. Kris Henriksen, BIPS' CEO, said most of the missing funds were "from the company's own holdings". BIPS uses an algorithm, based on supply and demand, to work out the amount of bitcoins it needs to keep it in a 'hot wallet'. The heist, however, was apparently not due to any vulnerability in the code itself. He also said merchants who had chosen to instantly....
WalletBit, a payment processor and online wallet that had acquired some attention especially in Canada and Denmark, has announced that it is shutting down on July 15. "Despite sales efforts," the press release reads, "it is now unfortunately discovered, due to a number of factors, that it is not possible to transfer all or parts of WalletBit to a new operator. As a result of that combined with new commitments, it is not possible for us to continue offering services via WalletBit." The shutdown is hardly unexpected. WalletBit has been rapidly declining in popularity for the last few months....
When Bitcoin's popularity starts to sore, so do the security requirements for websites holding large amounts of Bitcoin. Adding to the long list of Bitcoin payment processors and exchanges that have taken large hits is always an odious task. On Novemeber 17, 2013 BIPS had 1,295 BTC stolen; the bitcoins are still being held by the attacker at this address: 1LuG91tcSQxKj32BsCoRkX7yQLfj9LtkCs. Fortunately for BIPS users, merchant services were resumed 100% on Novemeber 22nd after internal investigations into the attack. CEO Kris Henriksen has stated that merchants that had "auto-convert" to....
Bitcoin merchant processor BIPS announced several upgrades to its business this week, including a new relationship with Germany-based Fidor Bank and an integration of the bitcoin payments protocol. Working with Fidor Bank enables the company to offer free Single Euro Payments Area (SEPA) bank settlements to its merchant customer base. According to BIPS, this option was originally available to its customers in Denmark, though the company is focusing on the entire European market. BIPS CEO Hans Heming said the association with Fidor is aimed at offering cheaper bitcoin payments processing to....
Payment platform BIPS has announced support for the ecommerce cart platform Bigcommerce, which is used by over 40,000 merchants across the globe. The new development means businesses can sidestep credit card transaction fees by using the easy, private and cost effective payment solution that is bitcoin. Kris Henriksen, CEO at BIPS, believes that passionate bitcoin enthusiasts will use the Bigcommerce integration to further expand the BTC economy. "Our company mission is to provide a comprehensive carrier-grade technical platform that enables our merchants to receive cryptocurrencies as....