The Bitcoin Foundation would like to welcome new Gold Member, BitPay Inc. BitPay is the largest Payment Service Provider specializing in e-commerce, B2B and enterprise solutions for Bitcoin founded by Anthony Gallippi and Stephen Pair in 2011. The company serves 26,000 merchant clients including Tiger Direct and the NBA’s Sacramento Kings and proceed over $100 million in bitcoin transactions in 2013.
“BitPay paved the way in international merchant processing for the Bitcoin community; their clients rely on BitPay as a trusted, responsible partner. That trust will keep the Bitcoin ecosystem growing. We’re proud to welcome BitPay as a Gold Member and look forward to helping their efforts for global bitcoin adoption,” said Jon Matonis, Executive Director of the Bitcoin Foundation.
With corporate headquarters in Atlanta, GA, as well as offices in New York, San Francisco and Buenos Aires, BitPay provides an electronic payment processing system for bitcoin, enabling merchants to accept bitcoins as a form of payment. BitPay is the most popular bitcoin payment processor in the world, allowing their clients to convert their bitcoin income into local currencies.
“BitPay feels it is important to support the great work done by the Bitcoin Foundation, as they are leading the continued growth and success of the core protocol upon which we build our business,” says Tony Gallippi, CEO and Co-Founder of BitPay.
BitPay is dedicated to promoting open source development, and regularly contributes to the bitcoin protocol and open source ecosystem and the ongoing development of bitcore.io. The Bitcoin Foundation’s goal to standardize, protect, and promote the use of the technology worldwide aligns perfectly with BitPay’s past work and future outlook.
Gallippi adds, “BitPay is implementing secure bitcoin standards such as the Payment Protocol and Multi-Sig that are needed for enterprise-grade bitcoin payment solutions, and our participation in the Bitcoin Foundation will help the broader community achieve more secure and more reliable payments. Our success in the field has given us the opportunity to give back to the community that supports the core of our business.”
BitPay is also a sponsor of #Bitcoin2014, the Bitcoin Foundation’s annual conference on financial technology. BitPay co-founders Stephen Pair and Tony Gallippi, as well as BitPay software engineer and Bitcoin developer Jeff Garzik, have been confirmed as speakers. Conference details and registration information can be found here.