Digital asset transaction platform, Bitpay, has won the Frost & Sullivan Company of the Year Award in the alternative payments category. "Bitpay is a true industry leader, delivering best practices in growth, innovation, and leadership," David Frigstad, Frost & Sullivan's chairman, said in a June 23 statement. Frost & Sullivan is a notable market research company over 50 years old. Bitpay facilitates payment in Bitcoin Founded in 2011, Bitpay paved the way for businesses to accept Bitcoin as a form of payment. Operating in 164 countries, Bitpay has integrated with more than 20,000 companies, according to Cointelegraph's Bitpay profile. Bitpay …

Blockchain payments provider BitPay has launched a Mastercard prepaid card for crypto users in the United States. The BitPay Card enables customers to convert their cryptocurrency into fiat, which can then be loaded onto the card and spent anywhere Mastercard debit is accepted. Card holders can also withdraw U.S. dollars from ATMs and make online purchases. BitPay CEO Stephen Pair told Cointelegraph that the BitPay Card is specifically targeted at crypto holders, serving as a tool to provide a convenient way to access spending power: “The real goal of the BitPay Card is to provide users with a convenient way …

Pioneering crypto payments service BitPay has revealed that Bitcoin still overwhelmingly dominates payments and that it has no plans to use second layer solutions like the Lightning or Liquid networks. Bitcoin is often criticised as a payment method because it is slow — the network can process just a handful of transactions per second — and expensive (the transaction fee recently topped $6) but it remains the preferred payment method on BitPay. “As of March, Bitcoin continues to be both the largest and most popular crypto asset representing over 95% of transactions by volume for BitPay,” the company’s Chief Marketing …

Cryptocurrency payment processor BitPay has lost a major customer before it even began accepting any payments after a social media backlash. In a Twitter debate on May 15, computer manufacturer Pine64 said that it had planned to use BitPay to accept cryptocurrency, but would now halt the plans while it searched for an alternative partner. Pine64: We “no longer intend” to use BitPay The reason, it said, was an “outcry” among Twitter users over the company’s decision to use BitPay. A subsequent post read: We saw the outcry regarding @BitPay and no longer intend to support it. In the coming …

Top blockchain payment service provider BitPay has partnered with Binance to support the exchange’s stablecoin BUSD. The stablecoin is now available to BitPay’s 2 million individual and merchant customers. BitPay’s wallet launched support for BUSD on April 27, with merchant support slated to go live “in the coming days.” Support for BUSD will also be rolled out for BitPay Card. While only United States-based customers are able to use BitPay Card, the product is available in all 50 states. Changpeng Zhao, Binance’s founder and chief executive, stated that the company is “honored to partner with BitPay,” describing the company as …

The leading provider of Bitcoin (BTC) and cryptocurrency payment services, BitPay, announced on Feb. 4 that the company will soon allow invoices to be paid from any Bitcoin wallet or exchange. BitPay CEO Stephen Pair told Cointelegraph that the decision to enable merchant payments from any Bitcoin wallet was driven by merchant feedback, putting control back in the hands of over 30 thousand active merchants currently using BitPay: “BitPay’s customers want to support all the Bitcoin wallets, just like they want to support all cryptocurrencies for payments. The company has decided to re-enable support for all wallets, which is referred …

During an exclusive interview with Cointelegraph, BitPay CEO Stephen Pair said that the platform would soon add support for more cryptocurrencies, along with a possible Lighting Network integration. While Pair was unable to disclose which cryptos would be added to the platform next, he mentioned there’s focus on the top performing blockchains with the highest market capitalization. He said: “I’m not going to specifically name which ones we will add, but you can look at CoinMarketCap to see all the top blockchains and come up with good guesses in what we are interested in. We are looking at cryptocurrencies that …

BitPay, a leading provider of Bitcoin and cryptocurrency payment services, announced on Jan. 21 the launch of XRP payments and cross-border transfers. BitPay has also added support for XRP — the cryptocurrency used by Ripple’s payment network — to the BitPay Wallet app. Although rumors were circulating on Jan. 20 across Twitter and Reddit that BitPay had added support for XRP, the company officially confirmed its work with Ripple’s developer platform Xpring to complete the integration. According to BitPay’s CMO, Bill Zielke, BitPay merchants around the world are now able to accept XRP without any additional integrations required. Zielke said: …

OneGold, an online marketplace for buying, selling and redeeming precious metals, announced a partnership with BitPay on Jan. 13 that will allow crypto users to purchase gold and other valuable metals on Android and iOS devices. Through the integration with BitPay — a leading Bitcoin payment service provider that currently supports over 30,000 merchants, including Microsoft and Avnet — OneGold’s new mobile app will accept payments in Bitcoin (BTC), Bitcoin Cash (BCH), Ether (ETH), and various stablecoins. In addition, BitPay customers will save 2% when using the service on OneGold.com. OneGold CEO Kenneth Lewis told Cointelegraph that the partnership will …

Bitcoin (BTC) will reach its highest price ever this year due to “unforeseen” events, which will draw in new buyers, one senior cryptocurrency industry executive says. In an interview with Bloomberg on Jan. 8, Sonny Singh, chief commercial officer at payment processor BitPay, claimed BTC/USD would pass its all-time highs of $20,000 in 2020. Singh: a few buyers make a big difference The reason, however, would remain unknown until the bullish surge kicked in. “Something unforeseen that could happen could really move it faster,” he summarized. Supporting his prediction, Singh pointed to historical trends. In 2015, the Greek sovereign debt …

Major cryptocurrency payment service provider BitPay has confirmed that its service had a temporary outage of Bitcoin (BTC) payments on Dec. 22. Bitcoin payments were briefly unavailable for almost 3.5 hours on BitPay as the company was working to fix transaction issues, BitPay Support tweeted Dec. 22. According to the information, the service was restored by 4:25 PM EST. In an email to Cointelegraph, BitPay did not provide additional details about the possible cause of the outage, stating: “There were temporary issues with BitPay’s BTC payment processing system. Our tech team was alerted and promptly resolved the issue.” Multiple users …

Controversial cryptocurrency payment processor BitPay has announced it is adding three stablecoins to its list of supported tokens. In a press release on Dec. 10, BitPay confirmed businesses could now accept payment in USD Coin (USDC), Gemini Dollar (GUSD) and Paxos Standard Token (PAX). All are pegged to the U.S. dollar. BitPay steers clear of USDT The rollout brings the total number of available cryptocurrencies to six, alongside Bitcoin (BTC), Bitcoin Cash (BCH) and Ether (ETH). Notably absent from BitPay’s choice is Tether (USDT), the stablecoin with by far the biggest trading volumes. “Accepting or paying with stablecoins opens up …