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BitPay

Analyst Briefing Submitted
bitpay.com

Founded Year

2011

Stage

Series B | Alive

Total Raised

$72.7M

Last Raised

$40M | 5 yrs ago

About BitPay

BitPay is a developer of a suite of software tools allowing businesses to collect payments over the bitcoin peer-to-peer payment network. Using BitPay, a business can instantly accept a payment from any country with zero risk of fraud, a capability that is not possible with any payment processor today, including PayPal, American Express, Mastercard, or Visa. In addition to the payment gateway API, BitPay offers simple "buy now" buttons and payment plugins for the most common eCommerce shopping carts such as Magento, WordPress eCommerce, Woocommerce, OpenCart, and Virtuemart.

Headquarters Location

8000 Avalon Boulevard Suite 300

Alpharetta, Georgia, 30009,

United States

BitPay's Product Videos

ESPs containing BitPay

The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.

EXECUTION STRENGTHMARKET STRENGTHLEADERHIGHFLIEROUTPERFORMERCHALLENGER
Financial Services / Payments Tech

These companies provide the infrastructure enabling online merchants to accept crypto payments and make mass payouts in crypto. BitPay’s merchant directory shows over 250 companies and stores now accepting crypto payments — either directly or through gift cards — including AMC Theaters, the Dallas Mavericks, and Microsoft. Crypto payouts include mass payments to marketplace sellers, contractors, f…

BitPay named as Leader among 7 other companies, including Crypto.com, Wyre, and OpenNode.

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BitPay's Products & Differentiators

    BitPay Checkout / BitPay Billing / BitPay Deposit

    BitPay Checkout enables businesses to capture new customers and sales by offering cryptocurrency as a payment option. Businesses are protected from the price volatility of crypto transactions by never having to hold crypto and the only fee they are charged is 1%, more than half of traditional card charges. Through BitPay, businesses can accept Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), XRP (Ripple) Wrapped Bitcoin (WBTC), Dogecoin (DOGE), Litecoin (LTC), and 5 USD-pegged stablecoins (GUSD, USDC, USDP, DAI, and BUSD). BitPay verifies the funds and accepts the crypto on behalf of the retailer. Dollars are deposited into the retailer’s bank account the next business day minus a 1% fee that BitPay charges for the entire process. This fee is significantly less than the fees charged by credit cards allowing organizations to

Research containing BitPay

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned BitPay in 4 CB Insights research briefs, most recently on Sep 6, 2022.

Expert Collections containing BitPay

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

BitPay is included in 4 Expert Collections, including Blockchain.

B

Blockchain

5,584 items

Companies and startups in this collection leverage blockchain technology for crypto trading, decentralized finance (DeFi), NFTs, and more.

S

SMB Fintech

1,584 items

P

Payments

2,460 items

Companies and startups in this collection enable consumers, businesses, and governments to pay each other - online and at the physical point-of-sale.

F

Fintech

7,565 items

US-based companies

Latest BitPay News

Bitcoin Capacity Held in Public Channels Rose by 96% In the Last 1 Year

Oct 3, 2022

October 3, 2022 (Investorideas.com Newswire) According to data from BanklessTimes.com , Bitcoin held in public wallets has increased 96% within the last 12 months. Companies like Cash App, BitPay, Kraken, and Robinhood are leading the adoption by relying on LN. Speaking on the report, Jonathan Merry, CEO of BanklessTimes, said, "Bitcoin's original intent was as a peer-to-peer payment network. The Lightning Network (LN), a second-layer protocol designed to ease micropayment channels at scale, restores this intent. LN takes transactions off-chain, where they can be processed in a matter of seconds at a fraction of the cost. Thus, most payment platforms find it reliable and cost-effective." More People Are Using Bitcoin for Regular Transactions Bitcoin has experienced explosive development and widespread acceptance. For instance, El Salvador and the Central African Republic have adopted it as legal tender. Brick-and-mortar businesses in these nations can now take Bitcoin via mobile devices. Clients can pay with BTC to buy their Big Macs at the local McDonald's or Starbucks. Chivo Wallet, a payment software in El Salvador, provides instant, low-cost transactions. Also, Cash App integrated the Lightning Network, allowing its users to send and receive Bitcoin with no transaction fees. Still, LN Is Freedom Without free expression, communication, and privacy, decentralization and financial freedom are impossible. Some firms are using LN technology for secure video conferencing or direct contact. This allows them privacy and freedom to go by their duties. With more use of the LN, Bitcoin's price viability and scalability could get an answer. As Bitcoin builders innovate and find new technology methods, the LN could defend financial and speech freedoms. With crypto on track to reach 1 billion users by the end of 2022, more cities and firms are using the LN to process data quickly at little cost to the client. Full story and statistics can be found here: Bitcoin Capacity Held in Public Channels Rose by 96% In the Last 1 Year More Info: This news is published on the Investorideas.com Newswire - a global digital news source for investors and business leaders Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions. More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

BitPay Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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BitPay Rank

BitPay Frequently Asked Questions (FAQ)

  • When was BitPay founded?

    BitPay was founded in 2011.

  • Where is BitPay's headquarters?

    BitPay's headquarters is located at 8000 Avalon Boulevard, Alpharetta.

  • What is BitPay's latest funding round?

    BitPay's latest funding round is Series B.

  • How much did BitPay raise?

    BitPay raised a total of $72.7M.

  • Who are the investors of BitPay?

    Investors of BitPay include Alvin Liu, Menlo Ventures, Christopher Klauss Family Office, Argo Ventures, Aquiline Capital Partners and 24 more.

  • Who are BitPay's competitors?

    Competitors of BitPay include TripleA, Coinbase, CoinZoom, Blockchain.com, Ripple, utrust, Cion Digital, Korbit, Crypto.com, Kraken and 13 more.

  • What products does BitPay offer?

    BitPay's products include BitPay Checkout / BitPay Billing / BitPay Deposit and 1 more.

  • Who are BitPay's customers?

    Customers of BitPay include Newegg, JM Bullion, Microsoft and AT&T.

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