BitPay enters into partnerships
The bitcoin payment processor BitPay has signed deals with payment companies such as Payfirma, Sonic Payments, BillPro, Kadu and OpenPay, which in total serve over 100 countries over three continents.
In recent times BitPay has been actively seeking to secure partnerships with payment companies in order to make the cryptocurrency an easily accepted payment method for thousands of companies.
The partner companies implement a bitcoin payment method directly through their PSP, without needing a separate solution.
During the last two quarters, the company says it has seen interest in bitcoin increase exponentially from traditional payment companies.
“We believe in bitcoin’s potential to be an integral part of the future of money, and we’re excited to add it to our growing list of ways to pay,”said Chris Cashwell, Founder and CEO of Sonic Payments.
“We believe bitcoin will enhance our cross-border transactions greatly by lowering chargebacks while reducing fraud for our merchants,” Daria Rippingale, CEO of BillPro.
Sonny Singh, Chief Commercial Officer of BitPay attributes the growth to a global interest in bitcoin.
“We have seen dramatic growth in the bitcoin ecosystem over the past year. The US is no longer the only country where adoption is happening. Latin America and Asia have shown significant growth over the past six quarters, and we anticipate that there is considerably more potential for expansion in these regions. Payment service providers play a key part in the bitcoin ecosystem.”