Tony Gallippi is the co-founder of Bitpay, one of the largest and earliest bitcoin payment-processing companies. Gallippi founded the company with Stephen Pair in 2011 to encourage and provide a way for merchants to accept bitcoin payments.
Gallippi served as CEO of Bitpay until 2014 when he became executive chairman. In this role his responsibilities shifted to building partnerships, business relationships, growing an international presence, and expanding with a focus on Bitcoin’s ecosystem. Prior to starting Bitpay, Gallippi worked in marketing and sales roles in the robotics industry, including at Aerotech and the Industrial Devices Corporation.
Bitpay began garnering attention by 2013 when over 10,000 merchants were processing bitcoin payments through their services. This milestone assisted in the startup securing a Series A funding round in 2014, through which they raised $30 million. The round was led by venture capital firm Index Ventures.
In 2015, Bitpay launched a bitcoin wallet service, and the following year it launched a bitcoin debit card in the U.S., which was issued by Metropolitan Commercial Bank and could be pre-loaded with bitcoin to make purchases at Visa point-of-sale systems and take out cash at Visa ATMs. By 2016, the company was processing 200,000 bitcoin transactions monthly, and in 2017, they processed over $1 billion worth of bitcoin payments. The company carried out a Series B funding round in 2018, and raised $40 million.
Gallippi has assisted Bitcoin gaining attention in the media. BitPay has appeared in headlines drawing comparisons to popular payment processor PayPal, and in 2013 Gallippi was invited to speak at a US Senate hearing on Bitcoin.