One of the world's largest Bitcoin processors BitPay has become disillusioned with Bitcoins
One of the world's largest Bitcoin processors, BitPay has to cut its business. The company reduced about 20 positions. It happened the very next day, after the company canceled the free and unlimited processing service for bitcoin sellers.
Stefan Peir, CEO of the company, said that such measures are necessary to reduce costs. In addition, they will allow you to “keep up with the times” and withstand the rapid growth of the industry.
BitPay is one of the world leaders in bitcoin processing. The company was one of the first to offer business services that allow them to accept cryptocurrency as payment. BitPay was founded four years ago. Last year, it attracted an investment of $ 30 million from a group of investors, including Index Ventures . Since then, BitPay has become one of the most expensive startups in the Bitcoin industry. The company collaborates with Microsoft , PayPal and Virgin Galactic .
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In June, the company changed its business model. Now BitPay focuses on developing tools for providing financial services such as accounting and clearing . Apparently, in this regard, the company website has information about eight full-time vacancies.
So far, bitcoin processing is not so in demand to develop business only in this narrow direction.
Nevertheless, the company's general director told Business Insider that the number of customers is still growing. Today it exceeds 60 thousand. According to Paire, the Bitcoin industry is a very promising technology, but it needs time to “mature”.
On September 1, Megamind wrote that Barclays became the first British bank to accept bitcoins. Barclays is one of the largest banks in the UK. Bitcoin cryptocurrency is becoming more common. It is accepted as payment by some taxi companies, pizzerias, clothing stores.
At the end of last week , the proceedings of the US Commodity Futures Trading Commission ( CFTC ) with the operation of the Derivabit Bitcoin Exchange ended. According to the Commission’s resolution, Bitcoin and other cryptocurrencies should be considered a commodity, and for trading they need to register their company accordingly, obtain licenses and monitor transactions.
In the US, disputes have long been going on about what cryptocurrencies are - money or goods, how it is necessary to draw up transactions with them, and most importantly - to pay taxes. The CFTC, in turn, tried to figure out whether cryptocurrencies fall under its jurisdiction.
Stefan Peir, CEO of the company, said that such measures are necessary to reduce costs. In addition, they will allow you to “keep up with the times” and withstand the rapid growth of the industry.
BitPay is one of the world leaders in bitcoin processing. The company was one of the first to offer business services that allow them to accept cryptocurrency as payment. BitPay was founded four years ago. Last year, it attracted an investment of $ 30 million from a group of investors, including Index Ventures . Since then, BitPay has become one of the most expensive startups in the Bitcoin industry. The company collaborates with Microsoft , PayPal and Virgin Galactic .
')
In June, the company changed its business model. Now BitPay focuses on developing tools for providing financial services such as accounting and clearing . Apparently, in this regard, the company website has information about eight full-time vacancies.
So far, bitcoin processing is not so in demand to develop business only in this narrow direction.
Nevertheless, the company's general director told Business Insider that the number of customers is still growing. Today it exceeds 60 thousand. According to Paire, the Bitcoin industry is a very promising technology, but it needs time to “mature”.
On September 1, Megamind wrote that Barclays became the first British bank to accept bitcoins. Barclays is one of the largest banks in the UK. Bitcoin cryptocurrency is becoming more common. It is accepted as payment by some taxi companies, pizzerias, clothing stores.
At the end of last week , the proceedings of the US Commodity Futures Trading Commission ( CFTC ) with the operation of the Derivabit Bitcoin Exchange ended. According to the Commission’s resolution, Bitcoin and other cryptocurrencies should be considered a commodity, and for trading they need to register their company accordingly, obtain licenses and monitor transactions.
In the US, disputes have long been going on about what cryptocurrencies are - money or goods, how it is necessary to draw up transactions with them, and most importantly - to pay taxes. The CFTC, in turn, tried to figure out whether cryptocurrencies fall under its jurisdiction.
Source: https://habr.com/ru/post/294838/
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