BitPay is a pioneer in creating powerful enterprise-level tools based on blockchain payment technology, receiving and storing money by businesses and people around the world. BitPay raised a $27M round in a $366M valuation in 2018. The company also raised and undisclosed amount of venture capital funding from IPO fund Hunt in February 2021. BitPay is the dominant leader in the cryptocurrency payment processing market, used by hundreds of Fortune 500 companies. We believe BitPay will become a cult company in the next 2-3 years.

BitPay provides a convenient way to pay bills from service providers from within the wallet app. Users can use cryptocurrency without banks, transfers or complex conversions. The service includes a wallet app, payment processing, a cryptocurrency debit card, and a browser extension.

History of creation

• in 2011, BitPay was created to use Bitcoin for online and offline purchases. They provide payment service and systems for businesses.
• in 2016, collaboration with Intel led to the launch of a beta version of the BitPay wallet.
• in 2018, the company received permission from the New York Department of Financial Services.
• in 2020, BitPay switched from Visa to Mastercard to issue debit cards with exchange rate conversion to USD for purchases.

Features of the BitPay crypto wallet

Features of theMain characteristics of storage for digital assets:

• Reliability. Availability of multi-signature and additional key encryption.
• Linking a Bitpay card. You can transfer cryptocurrency to fiat, pay online or in a store.
• Bonuses. Gift cards from Amazon, Uber and other companies are available in the app.
• Convenient purchase. You can purchase cryptocurrency in the app using a debit or credit card.
• Integration with hardware devices. BitPay crypto wallet.

What is a Bitpay card?

BitPay provides a prepaid debit card that allows you to use cryptocurrency at merchants that accept Mastercard. The card is available as a virtual or physical plastic card and accepts various cryptocurrencies, including Bitcoin, Ethereum, Litecoin and others. It can be used for shopping, paying bills, withdrawing cash and making online purchases. This is a convenient way to use cryptocurrency, but there are other alternatives such as the hi Debit Card.

BitPay Company News

• On average, 61,086 BitPay transactions are processed per month.
• According to Coin Market Cap, a recent report found that 40% of businesses in the Americas, Africa and the Middle East plan to use digital currencies to make purchases within the next year.
• BitPay was named one of the 500 fastest-growing technology, media, telecommunications, life sciences and energy companies in North America by Deloitte Technology Fast 500.
• BitPay has been selected as a finalist for the Red Herring Top 100 North America award, one of the most prestigious awards in the technology industry.
• CEO Steven Pair was named one of Atlanta's 500 Most Influential Business People.
• Investopedia and other financial blogs name the BitPay Debit Card as one of the best Bitcoin debit cards of 2021. The BitPay Debit Card has also been voted the best Bitcoin debit card for US residents.
• BitPay NFT payment solutions allow businesses to create and sell their own NFTs while simplifying cryptocurrency processing for NFT payments.
• In January 2023, BitPay and MoonPay joined forces to expand instant cryptocurrency purchasing capabilities for BitPay users. This partnership provided access to over 60 cryptocurrencies at competitive prices, offering different plans for the best price. The integration also includes fast delivery to wallet and various payment methods such as credit cards and local bank transfers.
• In February 2023, BitPay teamed up with ZenLedger, a cryptocurrency tax software developer, to simplify tax preparation for BitPay users. This partnership allows wallet transactions to be synchronized with ZenLedger software to automatically calculate tax obligations.
• In May 2023, BitPay implemented the protocol in Brave Wallet, allowing users to make cryptocurrency payments directly from the Brave browser. This gives you the opportunity to shop from leading online merchants using cryptocurrency from Brave Wallet for everyday spending, travel and other purchases.

Features of venture investments

• The average duration of an investor's stay in a project is about five years. This period is unpredictable and cannot be determined by anyone.
• You can invest in a deal at any time as long as it is available on the Marketplace and is not Sold Out.
• An 'exit' from a transaction is possible only after the company's shares are listed on the stock exchange for trading.
• Venture investments are generally high-risk, but also highly profitable if the shares are successfully listed on the stock exchange.