BitPay Processing $1 Million Per Day in Bitcoin Payments
Running a bitcoin payment gateway is nothing short of big business. Thousands of merchants around the world rely on these services to allow for the acceptance of bitcoin with limited risk - allowing them to instantly exchange the digital currency for local fiat and avoiding potentially costly fluctuations in price. Take BitPay, for example. The company has grown exponentially in the past couple of years, going from 1,000 merchants signed up in September 2012, to 10,000 merchants a year later in September 2013. They've since accumulated about 30,000 merchants globally, making them an....
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Bitcoin payments processor BitPay has revealed it is now processing an average of $1m worth of bitcoin payments per day. Coinbase and BitPay are currently the biggest bitcoin processors on the market and BitPay says it is serving the needs of over 30,000 businesses and organisations. The company's client list features a number of big names, including: Zynga, Virgin Galactic, WordPress, Gyft, Shopify and TigerDirect. Bitcoin adoption made easy. The basic idea behind bitcoin payments processors is simple - they allow merchants to accept bitcoin without having to handle bitcoins at all, as....
Bitpay is now offering free processing, forever. No catches, no gimmicks, nothing. Compared to their main competitor, Coinbase, which offers free processing on the first $1,000,000 and then a 1% fee after that. While competitive with Bitpays rates in the past, nothing competes with free. If you are running a large company and need dedicated support, Bitpay has packages that allow you to pay support and engineering services if you so desire. Bitpay expects on reaching 1 million merchants by 2016, and with the announcement of this its definitely enticing enough. And as people see more and....
Atlanta, Georgia-based BitPay has beefed up their presence in their San Francisco office with some new key hires that hope to bring the company into future financial success. The company has picked up Sonny Singh previously worked for Jumio, a payments company. Singh will be serving as BitPay's chief commercial officer. Gregg Zigler, who was previously with PayPal, will be working as a senior developer at BitPay. And if you thought the hires from big financial companies were over, you're well mistaken. https://www.youtube.com/watch?v=JP_I9zNRpEo. BitPay has also picked up Steve Pratt from....
Bitcoin payments processor BitPay hopes to bring one million merchants on board with its new free and unlimited pricing model. Bitcoin merchants don't necessarily have to use third-party payments processors like Coinbase and BitPay. Using APIs such as Blockchain's Receive Payments API (or by creating one's own), it's possible to accept bitcoins without trusting a third party or paying them fees. However, most Bitcoin merchants still use services like Coinbase because getting set up is a lot easier. Coinbase has recently grabbed headlines for partnering with companies such as Dell and....
In a recent blog post, bitcoin payments processing company BitPay outlined how the industry has changed in the past years. The company was founded back in 2011 when the cryptocurrency was still gaining traction. Fast forward to 2015, BitPay recognizes that over a hundred thousand merchants are already accepting bitcoin, with 60,000 of those using BitPay to facilitate transactions. As of this writing, the company has merchants located across six continents and 92 countries. Bitcoin Payments Growth. According to its data, bitcoin payments volume in Europe and North America account for....