BitPay
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| Headquarters | Atlanta, Georgia, USA, United States, Argentina, Netherlands |
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| No. of locations | 6 |
| Area served | Worldwide |
| Chairman | Tony Gallippi |
| CEO | Stephen Pair |
| Industry | Payment Processor |
| Employees | 80+ |
| Website | Official website |
| Launched | May, 2011 |
BitPay is a global bitcoin (
) payment service provider headquartered in Atlanta, Georgia. It was founded in May 2011 by Tony Gallippi and Stephen Pair. BitPay provides payment processing services for merchants, and is one of the largest bitcoin payment processors. In 2014, BitPay started processing $1 million USD daily.
In 2014, BitPay announced partnerships with merchants including Microsoft, NewEgg, TigerDirect, and Warner Bros. Records. In the same year, BitPay also partnered with payment systems operator PayPal as well as merchant acquirers such as Global Payments and Alternet Systems.
BitPay has developed open source bitcoin projects, including BitCore and Copay.
BitPay was first founded in 2011 to provide mobile checkout services to companies that wanted to accept bitcoins. Following the foundation of the company, co-founder Gallippi visited a conference in Prague in November 2011 to discuss bitcoin. At the time he announced that the company had around 100 merchants actively using their service. Within the first year by October 2012, BitPay had grown to having 1,100 active merchants.
One of the first major partnerships came in 2012, when BitPay became the official bitcoin merchant for WordPress. The move came to make WordPress more accessible to bloggers in countries that frequently faced blocks for either financial or political reasons. Bitcoin at the time had no central authority, meaning BitPay couldn't lock entire countries out.
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Wikipedia