Payments Processor BitPay Joins the Bitcoin Foundation as Gold Member

BitPay, a leading payment network allowing companies to accept bitcoin, has become a Gold Member of the Bitcoin Foundation.

AccessTimeIconMar 21, 2014 at 10:48 p.m. UTC
Updated Dec 12, 2022 at 12:46 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

The Bitcoin Foundation added a new member to its ranks on 21st March.

, a leading merchant processor that enables organizations to accept bitcoin, has become a Gold Member of the Bitcoin Foundation, an official blog post from the organisation revealed.

The Bitcoin Foundation's goal is to advocate globally for the use of bitcoin as a new financial tool to enable monetary access, transparency and innovation.

, Tony Gallippi, CEO and co-founder of BitPay, said:

“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.”

About BitPay

BitPay's headquarters is in Atlanta, GA. It also has offices in New York, San Francisco and Buenos Aires. The company recently released Bitcore, an open source API that allows application developers to build bitcoin features into their products.

In 2013, BitPay processed more than $100m in BTC transactions for its customers. Some of the company's notable clientele includes Tiger Direct, the NBA's Sacramento Kings and Shopify.

BitPay has over 20,000 organizations as customers accepting bitcoin as a form of electronic payment, which costs less than the average fee for merchant credit card processing.

About the Bitcoin Foundation

The Bitcoin Foundation has three membership tiers for industry: silver, gold, and platinum. Industry membership benefits are outlined herehttps://bitcoinfoundation.org/static/content/IndustryMembershipBenefits.pdf.

BitPay, which has received over $2.5m in venture capital investment, is one of two Bitcoin Foundation Gold Members, the other one being Circle Internet Financial.

Individuals can also join the Bitcoin Foundation in one of two tiers: annual and lifetime. Individual membership benefits in the Bitcoin Foundation include a vote in the membership class and access to member forums to discuss initiatives and the organization's overall direction.

Membership information for Bitcoin Foundation is located herehttps://bitcoinfoundation.org/support.

Disclaimer: CoinDesk founder Shakil Khan is an investor in BitPay.

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.