BitPay builds enterprise-grade infrastructure for cryptocurrency payments and settlements. Founded in 2011, the company operates a platform that enables merchants to accept Bitcoin, Ethereum, and other cryptocurrencies across online, in-store, and email channels. The platform processes transactions across multiple blockchains including Bitcoin, Ethereum, Polygon, Base, Optimism, and Solana, with support for stablecoin settlements and NFT transactions.
The company's core offering addresses a fundamental challenge in cryptocurrency adoption: price volatility. BitPay's merchant solutions eliminate this risk through settlement mechanisms that convert cryptocurrency to fiat currency or stablecoins. This infrastructure serves e-commerce platforms, brick-and-mortar retailers, and enterprises requiring crypto payroll or payout capabilities.
BitPay operates from headquarters in Atlanta, Georgia, with offices across North America, Europe, and South America. The company has raised over $70 million from investors including Index Ventures, Aquiline Technology Growth, Menlo Ventures, Founders Fund, and Sir Richard Branson. Its self-custody wallet product complements the merchant-facing infrastructure, providing a consumer-grade platform for multi-blockchain asset management.
