BitPay’s digital currency services utilised by 1,000 merchants

Bitcoin digital currency

BitPay, a payment service provider, has announced that it has around 1,000 businesses using its service to accept bitcoin digital currency for purchases (view press release). The majority of BitPay’s merchants are in the US, followed by the UK, Canada, Australia and Finland. Most of the bitcoin-accepting merchants are eCommerce businesses, offering services which cater to virtual payments such as web hosting, domain registration, VPN services and digital downloads.

The sheer volume of new merchants has started to explode over the last month as more businesses begin to see the value in accepting bitcoin payments,” said Anthony Gallippi, co-founder and CEO of BitPay. “By accepting bitcoin, a business can receive a payment from any country, instantly, with no risk of fraud. No other payment technology can offer this level of functionality.”

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