US bitcoin payments service provider BitPay has raised $30m in a series B funding round, led by Aquiline Technology Growth. BitPay, which uses blockchain technology to facilitate secure payment acceptance, as well as savings and spending, has been growing strongly, with merchant payment processing nearing $2bn in annualised payment volumes. The new round of funding, announced today, will be used for further expansion into the US, Europe and Asia.
US bitcoin payments service provider BitPay has raised $30m in a series B funding round, led by Aquiline Technology Growth. BitPay, which uses blockchain technology to facilitate secure payment acceptance, as well as savings and spending, has been growing strongly, with merchant payment processing nearing $2bn in annualised payment volumes. BitPay's open source wallet offers a pre-paid debit card that allows bitcoin to be converted into major fiat currencies.