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Wikimedia Foundation Partners With Payments Provider BitPay to Accept BTC, BCH...

The U.S. non-profit Wikimedia Foundation has switched to BitPay crypto payment provider. United States crypto payment processor BitPay and the non-profit and charitable organization that operates Wikipedia, the Wikimedia Foundation, have partnered to accept crypto donations, according to the official press release published on Jan. 29. The Wikimedia Foundation had already accepted Bitcoin (BTC), but the aim of the new partnership with BitPay is to be able to accept donations in Bitcoin Cash (BCH), the press release states. BitPay’s chief commercial officer, Sonny Singh, commented on the new partnership: “Bitcoin and Bitcoin Cash are one of the cheapest payment options available so more money goes to charity rather than paying fees. Wikimedia does so much good around the world that it is a privilege to help them raise money.” Back in November, Singh had forecast that Bitcoin would hit $15,000 to $20,000 by the end of 2019, citing the upcoming entrance into crypto by leading financial s..

Crypto Payments Service BitPay Reports It Saw Over $1 Billion in...

BitPay reports seeing over $1 billion in transactions this past year, along with record high transaction fee revenue. Major cryptocurrency payment service provider BitPay has reported $1 billion in transactions this past year, according to a press release Jan. 16. According to the report, the company also set a new record for itself in terms of transaction fee revenue. Among major new customers this past year, BitPay named Dish Networks, HackerOne, and the State of Ohio. BitPay also reported that its B2B business has grown by almost 255 percent from 2017. Despite a massive crypto decline in 2018, BitPay’s CEO and co-founder Stephen Pair argued that the firm saw growth over the year because its product is “cheaper and quicker than a bank wire from most regions of the world.” While BitPay is reportedly still focuses on Bitcoin (BTC), the service reports that it has also added settlement support for other cryptocurrencies, namely as Bitcoin Cash (BCH), and stablecoins USD Coin (USDC), th..

Blockchain Payments’ Mass Adoption Is 3-5 Years Away, Says BitPay CEO

Stephen Pair, the CEO of BitPay, declared that speculation is a substantial Bitcoin price driver, while “actual utility” is not. The CEO of crypto merchant platform BitPay Stephen Pair stated that speculation on future adoption drives Bitcoin’s (BTC) price more than “actual utility,” in an interview on CNBC Dec. 13. Speaking on the reasons behind Bitcoin’s current value, compared to its historic price highs, Pair told reporters: “A very big component of the [Bitcoin’s] price is certainly speculation. It’s investors that are speculating on the future usage and adoption of this technology. I’m sure a small component of that price is the actual utility.” When asked about a Bitcoin ETF’s potential to stimulate a price rally, Pair argued that “not just ETF adoption or ETF launches” could be catalysts for price movement, but that “adoption will push the prices higher,” adding optimistically: “I do think we’ll see those kinds of prices at some point in the future, if history is any guide.” A..

BitPay’s Copay Wallet Compromised by Malicious Code, Firm Issues Advice for...

Crypto payment processor BitPay has issued advice for users of its open-source Bitcoin (BTC) wallet Copay, which has reportedly been compromised by malicious code. Crypto payment processor BitPay issued advice on its official blog yesterday, Nov. 26, for users of its open-source Bitcoin (BTC) wallet Copay, which has reportedly been compromised by malicious code. The vulnerability pertains to a third-party Node.js module, also known as an “event stream,” which is used in versions 5.0.2 through 5.1.0 of BitPay’s Copay and BitPay apps. According to a GitHub issue report, this module was modified to load malware that is capable of stealing users’ private keys. BitPay’s post states that the BitPay app was not vulnerable to the malicious code, but that its team is investigating whether the vulnerability had been exploited against any CoPay users. In the meantime, the company has outlined advice for its users, stating that anyone using Copay version from 5.0.2 to 5.1.0, “should not run or op..

BitPay COO Sonny Singh: Bitcoin Could Hit $15-20K by End of...

Chief Commercial Officer of global crypto payment processor BitPay, Sonny Singh, has ventured that Bitcoin could hit $15,000 to $20,000 by the end of 2019. The Chief Commercial Officer (COO) of global crypto payment processor BitPay has ventured that Bitcoin (BTC) will hit $15,000 to $20,000 by the end of 2019. The COO, Sonny Singh, made his forecast during an interview with Bloomberg Nov. 22. In the midst of a bearish market picture – with Bitcoin down over 32 percent in value on the month – Singh said that he expects the next big price action to come when mainstream financial sector giants such as Fidelity and Intercontinental Exchange (ICE) start to launch their crypto-based investment products next year. The financial giants’ entry into the space could catapult Bitcoin’s price to as high as $15,000-$20,000 by the end of 2019, Singh told reporters. Aside from traditional financial incumbents’ launch of crypto-based products, Singh pointed to structural changes in the crypto market ..

Crypto Payment Platform BitPay Introduces Settlement in Stablecoins

Crypto payment platform BitPay has started accepting stablecoins GUSD and USDC. U.S.-based cryptocurrency payment processor BitPay has started accepting stablecoins, according to an announcement published Oct. 15. The company now allows its merchants to receive settlements in Gemini Dollars (GUSD) and Circle USD Coin (USDC). Founded in 2011 in Atlanta, Georgia, BitPay provides payment services with Bitcoin (BTC) and Bitcoin Cash (BCH) with a customer base of 20,000 businesses globally. GUSD and USDC are Ethereum (ETH) blockchain-based stablecoins issued by regulated crypto exchanges Gemini and Circle. The value of each of these coins is tied to the value of the U.S. dollar at a 1:1 ratio, which purportedly reduces the risk of volatility. BitPay says in its blog post that the stablecoins enable merchants to receive settlements in any part of the world even if they do not have bank accounts, since the coins exist on borderless blockchains. BitPay claims to issue settlement for GUSD and ..

CCO Of BitPay, Sonny Singh, Has Taken A Bullish Stance On...

The cryptocurrency market has had a terrible few months this 2018. Bitcoin, the leading cryptocurrency per market capitalization is also taking the lead in the price plummet. Irrespective of the rough few months, the number of projects being hosted on various blockchains have doubled since last year. Although many scam ICOs have become a source of worry to people within and outside the industry, the successful ones have provided the perfect environment for driving innovation and development in the cryptocurrency industry. Bitcoin (BTC) Price Today – BTC / USD Name Price24H (%)$6,463.26 0.22% Many critics have condemned ICOs claiming that they are no more than ponzi schemes used to extort money from unsuspecting individuals. Not everyone feels that way about the industry. The CCO of BitPay, Sonny Singh, claims that the present state of the cryptocurrency market as a whole shouldn’t be alarming to investors and spectators. He said that even with the high price volatility, the trajector..

BitPay CCO Predicts Altcoins to ‘Never Come Back,’ Bitcoin to ‘Rebound’...

The CCO of BitPay says altcoins will “never come back,” calling Bitcoin “the leader in the space” to rebound in 2019. The CCO of global crypto payment processor BitPay said that altcoins “will never come back,” while Bitcoin (BTC) will “rebound” in 2019, in an interview with Bloomberg September 12. The Chief Commercial Officer of BitPay Sonny Singh said that cryptocurrency markets are now on the threshold of a new stage of progress, which requires a certain “defining moment,” or a “catalyst.” According to Singh, that “defining moment” will come when big institutional investors, such as Goldman Sachs and BlackRock, “become real” in 2019. “But next year you'll see the talk of the big entrants become real, where you’ll see Goldman does launch a trading desk, Fidelity does launch a Bitcoin product, Square offers Bitcoin processing for merchants, BlackRock launches an ETF... So all that will become real, and you’ll see some adoption actually. And then [...] the price [will bounce] bac..
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