BitPay, the world’s largest provider of Bitcoin and cryptocurrency payment services, announced it ranked 341 on Deloitte’s Technology Fast 500™, a ranking of the 500 fastest-growing technology, media, telecommunications, life sciences, and energy tech companies in North America. In addition, BitPay was selected as a finalist for Red Herring’s Top 100 North America award, one of the technology industry’s most prestigious prizes.
“BitPay attributes these honors to the increased use of blockchain for payments globally solving real pain points for our customers,” said Stephen Pair, co-founder and CEO of BitPay. “As more businesses and consumers use the blockchain, adoption for first-time users is increasing because the blockchain makes it faster, more secure, and less expensive to send and receive money on a global scale.”
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual technology that is sold to customers in products to a majority of the company’s operating revenues. Companies must have base-year operating revenues of at least $US50,000, and current-year operating revenues of at least $US5 million. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.
“For more than 25 years, we’ve been honoring companies that define the cutting edge and this year’s Technology Fast 500 list is proof positive that technology — from software and digital media platforms, to biotech — truly does permeate so many facets of our lives,” said Paul Silverglate, vice chairman, Deloitte LLP and U.S. technology sector leader. “We congratulate this year’s winners, especially during a time when innovation is needed more than ever to address the monumental challenges posed by the pandemic.”
Red Herring finalists for the awards are among the continent’s brightest and most innovative private ventures. Red Herring’s editorial team has chosen their place among North America’s tech elite, during a months-long process that takes into account criteria including disruptive impact, proof of concept, financial performance, market footprint and quality of management. The Top 100 North America has become not only a springboard for some of tech’s biggest names, but a valued and trusted tool for venture capitalists, experts and analysts predicting trends at the industry’s sharpest edge.
“Selecting finalists for this year’s Top 100 has proved more difficult than ever,” said Alex Vieux, publisher and chairman of Red Herring. “North America has been tech’s beating heart for years–but never have I seen such an exciting, disruptive and innovative generation as we have in 2020. “BitPay fully deserves its place among our finalists, and I’ve every confidence it will make a significant impact in the tech world.”
This year BitPay has also been honored with several other awards. CEO Stephen Pair was named as one of Atlanta’s 500 most business powerful people. The company received a rank of 1519 on the Inc. 5000 annual list of America’s fastest-growing private companies. BitPay is one of Atlanta Inno’s “50 on Fire” celebrating companies that are consistently innovating and disrupting traditional markets with technological advancement. The company won Best Alternative Payment Solution from CNP Summit honoring the companies, programs and solutions that have distinguished themselves in the card not present space throughout the year.
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.
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