Blog Archives

Newegg adds bitcoin payment option

Posted on 1st July, 2014

Online technology retailer Newegg joined the ranks of bitcoin-accepting businesses today, adding payment support to their shopping card and announcing the new option on their homepage. With $2.8 billion in annual revenue, Newegg is nearly twice as large as bitcoin-friendly online retailer Overstock.com, and is generally thought to have greater sales volume than rival tech […]

BitPay to sponsor NCAA college football bowl game

Posted on 18th June, 2014

Bitcoin’s mainstream profile is likely to make a major leap forward this December when the NCAA’s St. Petersburg Bowl launches with a new sponsor. Atlanta-based bitcoin payment processor BitPay has purchased the naming rights to the game, which will now be known as the “Bitcoin St. Petersburg Bowl.” The 2014 game will be broadcast on […]

Metal band Mastodon accepts bitcoin for new album

Posted on 12th June, 2014

Grammy-nominated metal band Mastodon has joined the growing list of bitcoin-friendly musicians, announcing yesterday that they would accept the cryptocurrency for pre-orders of their forthcoming album Once More ‘Round The Sun. The band, signed to Warner Bros. Records, has partnered with BitPay for the release. The album is the sixth studio recording for the band, […]

Report: Tim Byun, formerly of FDIC, Visa and the Federal Reserve, joins BitPay

Posted on 9th June, 2014

In a move sure to please bitcoin-skeptical regulators in the U.S., Atlanta-based payment processor BitPay announced today that it has hired Tim Byun as its chief compliance officer. Byun has quite a reputation preceding him, having served as Visa’s head of Anti-Money Laundering/Anti-Terrorist Financing. In since 2009. Byun also served as an Examining Manager with […]

Rapper 50 Cent partners with BitPay for new album release

Posted on 3rd June, 2014

It probably won’t surprise many people that the man behind Get Rich or Die Tryin’ has his eye on bitcoin. Best known in the mainstream as a Grammy-winning rapper with over 30 million album sales to his name, Curtis “50 Cent” Jackson is almost equally famous in the investment world for a series of shrewd […]

BitPay claims it is now processing $1 million in bitcoin payments daily

Posted on 28th May, 2014

As lofty as the bitcoin community’s planet-changing ambitions can be, the mainstream investment world is still focused on one thing: The bottom line. Trading volumes and prices can be manipulated; merchant acceptance and successful conferences can be little more than well-executed publicity. What counts, at least as far as Wall Street is concerned, is how […]

BitPay’s Stephen Pair claims Visa and Mastercard will “leverage” bitcoin rather than compete with it

Posted on 20th May, 2014

Although it has been hailed by many as an disruptive alternative to today’s fee-prone banking and credit card systems, there is a growing realization in the mainstream financial world that bitcoin’s innovations may actually be the solution to some of those industries’ biggest problems. Speaking on CNBC yesterday, BitPay CTO Stephen Pair suggested that the […]

Toshiba partners with BitPay for new point-of-sale system

Posted on 17th May, 2014

Japanese electronics giant Toshiba has announced plans to integrate bitcoin payments into their VisualTouch point-of-sale system, partnering with Atlanta-based bitcoin payment processor BitPay. Although not one of the leading brand in the POS industry, VisualTouch is still a relatively popular payment platform. Toshiba claims that the system is used by over 6,000 clients in the […]

Report: BitPay gains $30 million in new investment round from Richard Branson and Jerry Yang

Posted on 9th May, 2014

TechCrunch is reporting that Atlanta-based bitcoin-payment processor BitPay has received a new round of investment funding from Index Ventures, with Virgin’s Richard Branson and Yahoo co-founder Jerry Yang also participating. If true, the rumored $30 million investment would be the single largest funding round for a bitcoin startup. The report claims that BitPay’s new valuation […]