BitPay Exceeds 1,000 Merchants Accepting Bitcoin | Business Wire

BitPay Exceeds 1,000 Merchants Accepting Bitcoin

ORLANDO, Fla.--(BUSINESS WIRE )--BitPay, Inc. , the world leader in bitcoin business solutions, announces it has over 1,000 businesses using its service to accept bitcoin digital currency for purchases. “Because we accept bitcoin, we reduce our costs and risks of accepting internet payments, so our site is able to offer the same products for about 1-2% cheaper than our competition” “The sheer volume of new merchants has started to explode over the last month as more businesses begin to see the value in accepting bitcoin payments," says Anthony Gallippi, co-founder and CEO of BitPay. "By accepting bitcoin, a business can receive a payment from any country, instantly, with no risk of fraud. No other payment technology can offer this level of functionality.” The majority of BitPay's merchants are in the United States, followed by the U.K., Canada, Australia, and Finland. Busi...

Full article: http://www.businesswire.com/news/home/20120911005855/en/B...