More than 4400 BitPay Merchants Keep All Their Bitcoins
BitPay, the largest and oldest bitcoin payment processor with a daily volume of $1 million bitcoin transactions supporting more than 44,000 merchants, stated in an email exchange to CCN that more than 4,400 of their merchants keep all of their settlement in bitcoin, almost 18,000 keep some of their settlement in bitcoin while the remaining 22,000 convert it all to fiat. Coinbase, the biggest competitor to BitPay, declined to provide a similar breakdown without providing any reason. The names of the merchants that keep all of their settlement in bitcoin or accept a mixture of bitcoin and....
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BitPay Inc, one of Bitcoin's lead payment processing companies, has just announced that it has surpassed 10,000 merchants. BitPay now provides services to merchants in 164 countries with approximately 50% in North America, 25% in Europe, and 25% in the rest of the World. During the month of August, BitPay processed over 10,000 transactions reaching a total value of over $6.4 million. As Bitcoin is becoming more mainstream many merchants are looking for expedient ways to sell products for BTC and BitPay is on the radar. With a Year-to-date in 2013 of over $34 million worth of bitcoins, a....
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....
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....
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....
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....