BitPay, Inc.
Headquarters
Atlanta United States
About us
To transform how businesses and people send, receive, and store money around the world.
Since 2011, BitPay has processed over $7 billion in cryptocurrency transactions as the world's largest Bitcoin payment processor. The company serves businesses across six continents, providing enterprise-grade tools that let merchants accept Bitcoin, Ethereum, Solana, and major stablecoins while automatically settling to local fiat currency to avoid volatility. Beyond merchant services, BitPay operates as a comprehensive crypto platform for individuals through its self-custody wallet, which supports buying, swapping, and spending digital assets for everyday use cases like bill payments and gift cards. With over 1 million wallets created, BitPay bridges traditional commerce and the digital asset economy through practical, compliance-focused infrastructure.
Products
BitPay's core offering is a crypto payment gateway that enables merchants to accept payments in Bitcoin, Ethereum, Solana, and stablecoins like USDC, with automatic fiat settlement. BitPay Send handles global mass payouts and payroll for businesses. The BitPay Wallet is a self-custody app available across iOS, Android, Mac, Windows, and Linux that lets users store, swap, buy, and spend cryptocurrency while controlling their private keys. Users can pay bills including mortgages and student loans, purchase gift cards from major retailers, and manage crypto across multiple networks. All products include integrated KYC and AML monitoring for regulatory compliance.
Funding
BitPay has raised between $103-160 million across multiple funding rounds, with some discrepancy in reported totals. The most recent significant round was a $40 million Series B extension in April 2018 to support international expansion. Key investors include Aquiline Capital Partners, Index Ventures, Founders Fund, and Richard Branson. An earlier Series A in May 2014 raised $30 million at a $160 million valuation. The company has focused funding on scaling global payment infrastructure and navigating regulatory requirements.
Recent news
In June 2026, BitPay celebrated its 15th anniversary, reporting a milestone year with over 900,000 processed cryptocurrency payments and a 12% year-over-year increase in payment volume, driven significantly by a 50% growth in stablecoin usage which now accounts for nearly half of its total volume.
Technology
Backend development centers on Node.js and MongoDB for building scalable, production-ready APIs that handle global cryptocurrency payment processing. The platform includes robust server-side libraries in C#/.NET, Java, PHP, Python, and TypeScript. BitPay uses Electron for cross-platform desktop applications and maintains comprehensive testing with unit, integration, and functional tests. Development emphasizes reliability, logging, and security given the financial nature of the platform, with GitHub used for code management and collaboration.
Benefits
BitPay operates as a fully remote company with generous time off, including sabbaticals and the ability to choose your own holidays. Medical and dental coverage is fully paid for US employees, plus telemedicine, life insurance, disability insurance, and vision coverage. Everyone receives stock option awards and can choose to receive part of their salary in cryptocurrency through a crypto match program. The company provides home office allowances, internet and cell phone reimbursements, and covers Amazon Prime and Spotify subscriptions. Professional development is supported through reimbursement programs, and the team participates in contests with cash awards.