Bit Pay

BitPay is a cryptocurrency payment processor founded in 2011 and headquartered in Atlanta, Georgia, United States. The company provides payment processing services that enable merchants worldwide to accept cryptocurrency payments while mitigating exposure to price volatility. BitPay supports over 100 cryptocurrencies and stablecoins, accounting for more than 90 percent of the global crypto market cap, and operates in more than 200 countries. The platform allows merchants to accept crypto payments online, in-store, and via email invoicing, with settlement options in multiple fiat currencies including USD, EUR, GBP, AUD, and Mexican peso. Merchants can settle payments in local currency without holding or managing cryptocurrency directly, as BitPay converts digital assets to fiat at locked exchange rates. The company maintains licenses and regulatory registrations in multiple jurisdictions and implements KYC, AML, and transaction monitoring protocols. BitPay received its virtual currency license from the New York Department of Financial Services in 2018. The platform integrates with major e-commerce platforms including Shopify, WooCommerce, and QuickBooks, and supports point-of-sale systems including Verifone terminals. In addition to its merchant services, BitPay offers a self-custody cryptocurrency wallet app that allows consumers to buy, store, swap, and spend digital assets across multiple blockchains. The company has partnered with payment providers and exchanges in Latin America, including integrations with Mexican provider Openpay and digital asset exchange Bitso to facilitate crypto payments in the region. BitPay has raised more than 70 million dollars from investors including Founders Fund, Index Ventures, and Virgin Group.