BitPay was founded in 2011, while Bitcoin was still in its infancy. BitPay saw the potential for bitcoin to revolutionize the financial industry, making payments faster, more secure, and less expensive on a global scale.
BitPay started because they wanted to make it easy for businesses to accept bitcoin payments. They are currently the largest bitcoin payment processor in the world, serving industry-leading merchants on six continents. They’ve created a seamless, secure bitcoin payment experience used daily by hundreds of thousands of bitcoin users.
Payment processing was their first contribution to the Bitcoin ecosystem, but it is not their last. With Bitcore, they are building an open source platform to power the next applications of Bitcoin. The BitPay secure bitcoin wallet is giving consumers a powerful toolkit for getting started right with bitcoin payments, and the BitPay Card gives bitcoin users a fast way to convert bitcoin into dollars and spend their funds anywhere Visa® is accepted.
Bitcoin’s future looks very bright, and BitPay plan on remaining on the forefront of this technology, creating more tools and services for everyone to use in innovative new ways.