BitPay Stops Providing Bitcoin Processing Services to Alpha Technology
Bitcoin payment processing company BitPay recently terminated its association with controversial mining equipment manufacturers Alpha Technology after receiving a series of complaints from their customers. The US-based mining company started to take pre-orders for their ASIC mining machines - Viper Miner 5MH/s and 25MH/s - in early January last year. Despite failing to meet the delivery deadlines in October, Alpha Technology continued to take money from customers by introducing other products, among which some were rumored to have their self-developed chips. To cut the long story short, no....
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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....
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On the tails of Bitcoin Black Friday, BitPay Inc. announced a new record of processing 55,288 of bitcoin merchant transactions in November. BitPay continues to sign on new merchants daily and most recently released a new merchant pricing model and merchant directory. Taking the lead in the payment processing space in the Bitcoin community, BitPay also brought on Virgin Galactic as a merchant to go as far as facilitate the acceptance of Bitcoin for flights to outer space! BitPay onboarded over 3,000 merchants and also worked with Shopify to integrate BitPay into its checkout process to....
Alpha Technology was working towards shipping their Viper units by the end of July, but due to technical issues, they had to go through a second-tape-out process, thus delaying the shipments. They waited until July 28th to tell customers about this little surprise, distancing themselves from their claim of being transparent. Their news even went so far as to "remind" all of their customers that they upgraded their devices from 25MH/s to 250MH/s back in May. Even though PayPal did what PayPal does best, and locked Alpha Technology's funds, Alpha Technology was still able to fund the second....