Venture Capital Firm Invests in BitPay

Delta-v Capital, a venture capital and private equity firm has announced its recent investment in BitPay platform
12 April 2018   520

BitPay platform provides powerful tools for secure blockchain payment acceptance, storage, and spending. The BitPay secure bitcoin wallet is giving consumers a toolkit for getting started right with bitcoin payments, and the BitPay Card gives bitcoin users a fast way to convert bitcoin into dollars and spend their funds anywhere Visa is accepted.

Delta-v Capital, a venture capital and private equity firm in investing in special situations, growth equity, recapitalizations, and secondary direct investments, has announced its recent investment in BitPay platform.

Delta-v Capital Welcomes BitPay to its PortfolioDelta-v Capital Welcomes BitPay to its Portfolio

I think that we will look back at the advent of distributed blockchain technology as one of the most revolutionary advances since the internet, and the first area in which that disruption is already taking hold is around financial stores of value and payments. We are excited to be partnering with the BitPay team who were on the front edge of that movement in 2011 and continue to lead the charge towards increasing adoption and ease of use of Bitcoin and other crypto currencies.
 

Dan Williams

Principal, Delta-v Capital

Stephen Pair, BitPay CEO, stated that led by Aquiline Capital Partners with participation from Delta-v Capital, the $40M Series B round will fund engineering hires, regulatory licensing, technology acquisitions, and expansion into markets in Asia.

BitPay to Receive New York's BitLicense

Having received BitLicense, BitPay can now conduct business with New York-based companies and consumers
17 July 2018   342

The well-known cryptocurrency processing service BitPay obtained a license to work with virtual currencies in the state of New York. Known also as BitLicense, this license is issued by the New York Department of Financial Services (NYDFS) and grants its holders the ability to conduct activities related to cryptocurrencies in the state.

NYDFS has carefully studied the company's application, including its policy on measures to combat money laundering, customer identification, fraud prevention, cybersecurity. The financial situation of the company was also thoroughly analyzed.

New York state has one of the strictest policies around businesses involved in cryptocurrency and working through the approval processes to obtain a License was important to BitPay. We believe this hard work will pay off as New York presents significant business opportunities for BitPay.
 

Stephen Pair

CEO, BitPay

Having received BitLicense, BitPay can now conduct business with New York-based companies and consumers: the first will be able to use the company's processing services to accept payments in Bitcoin and Bitcoin Cash, the latter will pay for various goods and services using these two BitPay supported cryptos.

Note that BitPay was only the eighth company that received BitLicense. Other license holders are Square, Xapo, Genesis Global Trading, bitFlyer USA, Coinbase, Ripple and Circle. In addition, special permissions for operations with crypto-currencies are exchanged by Gemini and itBit.