Categories: Glossary

BitPay

What Is BitPay?

BitPay is a Bitcoin payment service provider headquartered in Atlanta, Georgia, United States. It was established in May 2011 by Stephen Pair and Tony Gallippi. BitPay allows users to transfer funds directly to the seller’s bank account using a bitcoin wallet. This service is accessible in over 38 countries.

The BitPay Card is a cryptocurrency debit card that permits users to make payments using their Bitcoin reserves on the MasterCard network. It can be utilized as a prepaid or reloadable debit card, but not as a credit card.

Aside from its payment services, BitPay also provides the BitPay Wallet, which empowers users to manage and spend Bitcoin, as well as convert it into dollars for future use with the BitPay Card.

Coincu

Share
Published by
Coincu

Recent Posts

Magic Eden’s Coinbase Account Used to Bear “Significant” Dust Fees

The platform shifted small transaction fees to Magic Eden's Coinbase account, making Coinbase handle the…

1 hour ago

Spot Ethereum ETF 19b-4 Filings Expected To Be Approved This Week

The SEC is expected to decide this week on the approval of a spot Ethereum…

2 hours ago

AI.Society and Paal AI Announce Strategic Partnership to Enhance User Engagement with Custom AI Solutions

AI.Society is excited to announce a new strategic partnership with Paal AI, a pioneer in…

2 hours ago

Tornado Cash Ruling Casts Dark Shadow Over Market!

Alexey Pertsev, a developer of the coin-mixing protocol Tornado Cash, has sent shockwaves through the…

14 hours ago

Ethereum Foundation Staff Tied to EigenLayer, Disclosure Prompts Call for Risk Mitigation

Justin Ðrake, a prominent figure within the Ethereum Foundation, revealed that three staff members have…

15 hours ago

India SEBI and Central Bank Clash Over Cryptocurrency Regulation, Stablecoin Ban Supported!

The debate over cryptocurrency regulation in India has reached a critical juncture as the Securities…

15 hours ago

This website uses cookies.