Press release

Glen Braganza Joins BitPay as Chief Financial Officer

Sponsored by Businesswire

the largest global blockchain payments provider, today announced it has
hired Glen
as its Chief Financial Officer to help support the business
through its next phase as the company grows into a global financial
organization. Glen has over 15 years experience in private equity and
public markets with a strong emphasis on payment processing and helping
high-growth companies create shareholder value.

“Over the past few years, BitPay has seen record growth as businesses
realize the potential blockchain payments deliver globally,” said
Stephen Pair, CEO and co-founder of BitPay. “Glen’s experience is a key
advantage to BitPay as the team moves the company into the mainstream to
help businesses leverage blockchain for fast consumer transactions and
easy global payments.”

Mr. Braganza joins from Worldpay US where he served as Chief Financial
Officer responsible for over $400 million in annual revenue and over
$150 billion in annual payment processing volume. Mr. Braganza had a
distinguished 10 year career at Worldpay and was instrumental in the
successful $7.4 billion IPO of Worldpay in 2015, and the establishment
of the Group’s regulated business in the Netherlands in 2014. During Mr.
Braganza’s tenure with the group, Worldpay grew from 2,500 employees and
$3.8 billion Valuation to 5,000 employees and $13.1 billion Valuation.

“BitPay is at the cutting-edge of blockchain-payment technology and has
proven itself as a valuable partner to numerous companies and consumers
globally. I believe that BitPay has the opportunity to be a game-changer
in the financial technology and payment space as the use cases for
blockchain payments grow around the world. I am very excited to be part
of this journey and join the team,” shared Mr. Braganza.

Before Worldpay, Mr. Braganza spent most of his career executing Mergers
& Acquisitions for financial services organizations, initially working
at Lloyds Banking Group in the UK and then joining Jefferies & Co in
London. He has a Bachelor of Science degree with Honors in Economics
from Loughborough University in the UK, is a qualified Accountant and is
also an Advisory Board member of the CFO Forum Atlanta.

BitPay allows merchants to accept blockchain payments from users all
over the world for only a 1% fee. BitPay processed over $1 billion in
payments last year and powers over 2 million unique wallets. BitPay’s
business to business service grew over 200%, as global brand like Avnet
adopt Bitcoin for international payments that are cheaper and faster
than bank wires and credit card payments.

About BitPay

Founded in 2011, BitPay is the pioneer and the most experienced company
in bitcoin and blockchain payments. Its suite of products enables
businesses to send and receive cross border payments, also enabling
consumers to manage digital assets with the BitPay Wallet and turn
digital assets into dollars with the BitPay Prepaid Visa® Card. The
company has offices in North America, Europe, and South America and has
raised over $70 million from leading investors including Founders Fund,
Index Ventures, and Aquiline Technology Growth. For more information

The BitPay Visa® Prepaid Card is issued by Metropolitan Commercial Bank,
member FDIC, pursuant to a license from Visa, U.S.A. Inc. “Metropolitan”
and “Metropolitan Commercial Bank” are registered trademarks of
Metropolitan Commercial Bank © 2014. Use of the Card is subject to the
terms and conditions of the applicable Cardholder Agreement and fee
schedule, if any.