BitPay

BitPay

BitPay was founded in Atlanta in 2011, during Bitcoin’s earliest commercial chapter, to build infrastructure that lets businesses accept cryptocurrency and individuals spend it. The company positions itself as the largest Bitcoin payment processor, serving merchants on six continents. It has raised a disclosed $72 million in total funding to date (per firm website, 2026). The platform spans three legs: a merchant-acceptance gateway that settles crypto payments into fiat, a consumer self-custody wallet that supports buy, swap, store and spend functions, and a bill-pay service that can handle obligations like credit cards and mortgages. Network support extends across Bitcoin and several layer-2 and alt-L1 chains, with added integrations for Solana, Arbitrum, Optimism and Base. Geographic coverage reaches merchants across North America, Europe, Asia and additional regions, while the consumer app is distributed globally. BitPay does not publicly disclose headcount, but the firm confirms it operates as a remote-first organization with a distributed global workforce. In August 2025, the company added Solana network support—enabling SOL, SPL tokens and stablecoins for buying, storing, swapping, selling and spending—the most recent publicly-announced expansion of its blockchain infrastructure (per firm blog, August 2025). The firm’s architecture differs from a traditional payments company or an asset manager: it functions as a direct crypto-to-fiat conversion layer that never requires users to pre-sell holdings. Its HODL Pay feature, introduced in 2025, allows consumers to unlock spending capacity without liquidating their crypto position, making the product a working-capital bridge rather than just a settlement tool.