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BitPay

bitpay.com

Founded Year

2011

Stage

Series B | Alive

Total Raised

$72.7M

Last Raised

$40M | 5 yrs ago

Mosaic Score
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

+40 points in the past 30 days

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 STRENGTH ➡MARKET STRENGTH ➡LEADERHIGHFLIEROUTPERFORMERCHALLENGER
Financial Services / Payments Tech

These companies provide infrastructure that enables merchants to accept cryptocurrency payments and make payouts in crypto online or in-person.

BitPay named as Leader among 10 other companies, including Crypto.com, OpenNode, and Solid.

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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

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

6,209 items

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

S

SMB Fintech

2,001 items

P

Payments

2,571 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

7,756 items

US-based companies

Latest BitPay News

USDC Stablecoin Depegging Causes Concern Among Crypto Advocates, 5 Other Stablecoins Slip Below Parity

Mar 13, 2023

March 13, 2023 - Advertisement - On Saturday, March 11th, 2023, crypto advocates are worried as some stablecoin assets have dropped below their $1 parity. USDC, the second-largest stablecoin issued by Circle Financial, fell below $0.90, hitting a low of $0.877 per coin. Additionally, about five other stablecoins declined below US Dollar parity during the Saturday morning (ET) trading session. Major Crypto Exchanges Suspend USDC Trades Amid Concerns March 11, 2023, Stablecoin Assets Have A Tough Day After Circle Financial announced $3.3 billion of cash backing USD Coin (USDC) was held at Silicon Valley Bank (SVB). The news devalued USDC against the US Dollar, which fell as low as $0.877 per coin on Saturday. As of 7:45 AM ET, USDC is currently trading at $0.91 per unit Up 3% from the low of $0.87. We are temporarily blocking purchases using USDC on Ethereum and Polygon. We have also blocked the loading of Bitpay cards in the app. Further updates will follow here. - Advertisement - Following the USDC decline, several major crypto exchanges including Binance and Coinbase have suspended USDC trades. “Due to current market conditions, especially related to high flows and increased burden to support the conversion, Binance has temporarily suspended the auto-conversion of USDC to BUSD,” Binance Tweeted , “This is a normal risk-management procedural step as we monitor the situation.” coinbase where did it go : “We are temporarily pausing USDC:USD conversions on weekends while banks are closed. During periods of increased activity, conversions depend on USD transfers from banks that are cleared during normal banking hours. When banks open on Monday, we plan to resume conversions. Crypto payment processor Bitpay is also stopped USDC payments and debit card loads. - Advertisement - Singapore-based crypto exchange Crypto.com also suspended USDC deposits on March 11. USDC withdrawal available,” the company Said on Saturday. “We will continue to evaluate the situation and plan to resume USDC trading as soon as possible.” USDC’s depegging has created a ripple effect of depegging issues. Five different stablecoin projects , including GUSD, DAI, FRAX, USDP and USDD. FRAX is currently trading for $0.91, USDD is swapping for $0.94, USDP is trading for $0.95, DAI is changing hands for $0.92, and GUSD is trading at $0.97 per unit. doing. Largest stablecoin by market capitalization, Tether (USDT) SVB has remained within the $0.99 to $1 range since the launch of the issue. - Advertisement - What are your thoughts on the challenges facing stablecoins today? Share your thoughts on this topic in the comment section below. disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services or companies. bitcoin.com does not provide investment, tax, legal or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Credit : news.bitcoin.com

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, G Squared, Nimble Ventures, Christopher Klauss Family Office, Capital Nine and 24 more.

  • Who are BitPay's competitors?

    Competitors of BitPay include BitGo, Blockchain.com, TripleA, CoinZoom, Ripple, utrust, UPTIQ, Crypto.com, Kraken, Coinbase 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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