BitPay sets record for Bitcoin payment processing

A new record

BitPay has set a new record for internet payment processing with the new bitcoin open source digital currency (view press release). The majority of sales were generated by Kansas City-based Butterfly Labs with the release of their new ASIC cryptographic processors. BitPay was chosen to be the exclusive online payment processor for this new product. Within 24 hours of launch time at 6.45pm ET on Saturday, BitPay processed around USD 250,000 worth of bitcoin payments from 17 different countries, beating the previous record of USD31,000 in a single day.

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