ATLANTA & DALLAS--(BUSINESS WIRE)--BitPay, the world’s largest provider of Bitcoin and cryptocurrency payment services, today announced the rollout of Dogecoin payments for merchants and consumers. An early adopter of cryptocurrency, the Dallas Mavericks will be the first to accept Dogecoin. Mavs Fans for Life (MFFLs) can now use Dogecoin to buy tickets and merchandise online, making Mavs merchandise more accessible to MFFLs everywhere. The Dallas Mavericks have been accepting Bitcoin as a method of payment for game tickets and merchandise for almost two years.
“The Dallas Mavericks are a long-time enthusiast of cryptocurrency, opening up new opportunities for the team to sell tickets and merchandise to its global MFFL fan base,” Stephen Pair, CEO of BitPay, said. “BitPay believes that with continued cryptocurrency adoption, the industry is reaching an inflection point that will forever change consumer confidence, trust and pave the way for blockchain payments to disrupt the way consumers and businesses receive and spend funds.”
With fans in mind, the Mavs use BitPay to process all cryptocurrency purchases including tickets and merchandise with all top cryptocurrencies including BTC, BCH, ETH, USDC, GUSD, PAX and BUSD and now DOGE. The ability to accept crypto expands a business’ sales opportunity into international markets where accepting credit cards is not practical while reducing high fees and increasing payment transparency and efficiency. BitPay enables businesses to accept cryptocurrency as a form of payment without having to buy, own or manage crypto. The potential global market is huge and combined with the market capitalization for crypto approaching a trillion, the market opportunity for crypto is ideal.
Offers payment solutions and services online and in person. The Company provides eCommerce, business to business, and enterprise solutions for virtual currencies. Download the BitPay App to securely send, receive and store cryptocurrency. Buy and exchange crypto all in one app. Personal Business Do more with your Bitcoin Manage and spend your Bitcoin with the BitPay App, and turn Bitcoin. Download the BitPay App to securely send, receive and store cryptocurrency. Buy and exchange crypto all in one app. Personal Business Do more with. Download the BitPay App to securely send, receive and store cryptocurrency. Buy and exchange crypto all in one app. I had high hopes for BitPay, but, I'm done with BitPay. I had high hopes for BitPay. But, after two years of dealing with them, I'm done. First, remember, for 90% of the issues I faced, I was always on my own. There is no live person to help you with anything related to the app, the debit card, or a BitPay wallet. Believe me, you are on your own.
“The Mavericks have decided to accept Dogecoin as payment for Mavs tickets and merchandise for one very important, earth shattering reason, because we can! Because we can, we have chosen to do so. We have chosen to do so because sometimes in business you have to do things that are fun, engaging and hopefully generate a lot of PR. So we will take Dogecoin, today, tomorrow and possibly forever more. For those of you who would like to learn more about Dogecoin we strongly encourage you to talk to your teenagers who are on tik tok and ask them about it. They will be able to explain it all to you,” shared Dallas Mavericks owner, Mark Cuban.
Dogecoin is a decentralized, peer-to-peer digital currency with a $6 billion market cap that enables customers to easily send money online. It makes an ideal payment method with a large supply and low price facilitated efficient micro-tipping content.
About BitPay
Founded in 2011, BitPay celebrates its 10th birthday this year as one of the oldest cryptocurrency companies. As a pioneer in blockchain payment processing, the company’s mission is to transform how businesses and people send, receive, and store money. Its business solutions eliminate fraud chargebacks, reduce the cost of payment processing, and enable borderless payments in cryptocurrency, among other services. BitPay offers consumers a complete digital asset management solution that includes the BitPay Wallet and BitPay Prepaid Card, enabling them to turn digital assets into dollars for spending at tens of thousands of businesses. The company has offices in North America, Europe, and South America and has raised more than $70 million in funding from leading investment firms including Founders Fund, Index Ventures, Virgin Group, and Aquiline Technology Growth. For more information visit bitpay.com.
Bitpay Business Model
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ATLANTA--(BUSINESS WIRE)--BitPay, the world’s largest provider of Bitcoin and cryptocurrency payment services, today announced BitPay Send, a new mass payout service that enables organizations of all sizes to pay employees, affiliates, customers, vendors, contractors and others with cryptocurrency. Ideal for international and gig economy companies looking for a fast, efficient and secure way to send mass payouts, BitPay Send allows for crypto payments anywhere in the world, on any day of the week, and at any time.
“Blockchain payment adoption is growing because it offers an easy way to send and receive payments on a global scale,” said Stephen Pair, CEO with BitPay. “Traditional international payment methods are cumbersome, costly and slow. With BitPay Send, companies can make mass payouts without having to buy, own or manage crypto and their recipients receive payments quicker and at a lower cost.”
BitPay Send enables companies to make payroll payments, facilitate customer cashout requests, pay independent contractors or affiliates, issue rewards or rebates and financially settle with marketplace sellers. The company funds payments in fiat and leverages the blockchain to send pre-tax payments without having to own or handle digital currency, eliminating inherent exposure to its volatility or risk.
One of the first companies to use BitPay Send is AdGate Media which can now efficiently and cost effectively pay its affiliates all over the world. The company connects digital advertisers with users of popular apps and websites that reward users for engagement. AdGate’s President, Dan Sapozhnikov, shared, “We have lots of affiliates who wanted to be paid in Bitcoin, especially those who are based outside North America and Europe where access to bank accounts is difficult. One of our biggest challenges is that we did not want to buy and hold crypto and having BitPay manage that risk was an important factor in choosing BitPay Send. The BitPay team worked with us on integration and there was minimal training since pushing a button is all we need to do when we are ready to pay. With BitPay Send, we are able to get our affiliates paid in a matter of minutes and not days.”
Bitpay Business Account
Recipients do not need to have a bank account, but do need to have a BitPay ID and a crypto wallet. BitPay offers a non-custodial wallet for those who need one. BitPay Send saves time and money, reduces risk, simplifies payout process, provides quick access to funds and organizes financials. Payments arrive securely to the recipient’s digital wallet.
A 1% fee allows companies to make domestic and cross-border payments quicker, easier and more transparent than most mass payment methods. There are no foreign exchange fees and payments are registered on the blockchain in seconds and confirmed within minutes. Crypto provides transactional transparency as every transaction is verified, recorded and stored on the blockchain. Customers provide all necessary background details for Know-Your-Customer regulations.
How Much Is Bitpay Worth
About BitPay
Founded in 2011, BitPay pioneered blockchain payment processing with the mission of transforming how businesses and people send, receive, and store money. Its business solutions eliminate fraud chargebacks, reduce the cost of payment processing, and enable borderless payments in cryptocurrency, among other services. BitPay offers consumers a complete digital asset management solution that includes the BitPay Wallet and BitPay Prepaid Card, enabling them to turn digital assets into dollars for spending at tens of thousands of businesses. The company has offices in North America, Europe, and South America and has raised more than $70 million in funding from leading investment firms including Founders Fund, Index Ventures, Virgin Group, and Aquiline Technology Growth. For more information visit bitpay.com. Fruity loops studio for mac os.
The BitPay Card is issued by Metropolitan Commercial Bank (Member FDIC) pursuant to a license from Mastercard International Incorporated. “Metropolitan Commercial Bank” and “Metropolitan” are registered trademarks of Metropolitan Commercial Bank ©2014. Sagemath. Use of the Card is subject to the terms and conditions of the applicable Cardholder Agreement and fee schedule, if any.