BitPay is the largest Bitcoin and cryptocurrency payment processor, founded in 2011 by Stephen Pair and Tony Gallippi. Headquartered in Atlanta, Georgia, BitPay enables businesses to accept Bitcoin, Ethereum, Litecoin, and other cryptocurrencies as payment while settling in fiat currency or stablecoins. The company processes over a billion dollars in payments annually for merchants worldwide.
BitPay provides payment integrations for e-commerce platforms, invoicing tools, and point-of-sale systems. Merchants can settle payments in local fiat currency, eliminating exposure to cryptocurrency price volatility. BitPay supports settlement in over 200 countries and territories, making it one of the most widely available crypto payment solutions.
Beyond merchant services, BitPay offers the BitPay Wallet (an open-source, multi-currency wallet) and the BitPay Card, a prepaid Mastercard that allows users to spend their crypto holdings at any merchant that accepts Mastercard. The company also provides a platform for bill payments, allowing users to pay bills and purchase gift cards using cryptocurrency.
Key Products
- Merchant Processing — Accept crypto with fiat or stablecoin settlement
- BitPay Card — Prepaid Mastercard funded by crypto balances
- BitPay Wallet — Open-source, multi-currency mobile and desktop wallet
- Bill Pay — Pay bills and buy gift cards with cryptocurrency
Venture Capital Rounds
BitPay: $30 million - First
7-May-2014 | Payment Processor
Investors: Index Ventures, AME Cloud Ventures, Felicis Ventures, Founders Fund, Horizons Ventures, RRE Ventures, Sir Richard Branson, TTV Capital, Jerry Yang, Richard Branson
Headquartered: Atlanta
Country: United States
BitPay: $2 million - Seed
14-May-2013 | Payment Processor
Investors: A-Grade Investments, Founders Fund, Heisenberg Capital
Headquartered: Atlanta
Country: United States
BitPay: $0.51 million - Seed
1-Sep-2012 | Payment Processor
Investors: Shakil Khan, Barry Silbert, Roger Ver, Ashton Kutcher, Matt Mullenweg, Ben Davenport, Trace Mayer, Jimmy Furland
Headquartered: Atlanta
Country: United States