what's bitpay?

BitPay is a cryptocurrency payment processing company that enables businesses and individuals to send, receive, and manage digital currency transactions securely. Founded in 2011, it provides tools for merchants to accept payments in Bitcoin and other cryptocurrencies, converting them to fiat currencies to eliminate volatility risks. The platform supports integrations for e-commerce websites, point-of-sale systems, and invoicing, allowing seamless crypto payments without chargebacks. BitPay's wallet app offers self-custody features for users to buy, store, swap, and spend cryptocurrencies like Bitcoin, Ethereum, and stablecoins. It emphasizes security through licensing from regulatory bodies such as the New York Department of Financial Services and supports multiple blockchains for efficient transaction processing. Merchants benefit from fast settlements directly to bank accounts in over 150 fiat currencies. As a bridge between traditional finance and crypto, BitPay powers payments for major brands and facilitates global transactions, promoting adoption by handling compliance, fraud prevention, and user-friendly interfaces.

A cryptocurrency processes 33% of BitPay transactions, the highest share on the platform.