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Crypto Terms:  Letter B
Jun 19, 2023 |
updated Apr 02, 2024

What is BitPay?

BitPay Meaning:
BitPay - is a Bitcoin payment network operator that enables payments to be sent straight to the seller's bank account.
1 minute

Let's find out BitPay meaning, definition in crypto, what is BitPay, and all other detailed facts.

Simply described, BitPay is a Bitcoin payment network operator, that was launched in May of 2011, by Tony Gallippi and Stephen Pair. The primary function of this payment service provider is to allow payments to be transferred directly to the seller's bank account via a Bitcoin wallet.

This feature is available in over 38 countries. Back in September 2013, the company revealed its milestone of racing 10,000 merchants.

BitPay's headquarters are located in Atlanta, Georgia, United States.

To use BitPay you would need a BitPay card which is essentially a MasterCard that allows users to easily transfer cryptocurrency to fiat currency that is stored on the card. This feature supposedly closes the gap between real and digital currency, by providing an easy way to spend the holdings anywhere around the world.