They keep on building strong relationships with regulators and bank partners and have so far earned the trust of world-leading venture capital firms like Andreessen Horowitz, Union Square Ventures (USV), and Ribbit Capital.
Today, the platform is available in more than a hundred countries in the world and has had more than 30 million traders globally. Throughout the years, they kept on making the necessary tweaks so that Coinbase remains on track in providing these commodities to its users. It became clear to them that constant innovations, efficiency, and equal opportunities are the major strengths of the open financial market. Together with their team of experts, they run the company from San Francisco, California.įrom day one, the Coinbase founders had a very straightforward vision about where their company was going.
#COPAY VS BITPAY SOFTWARE#
CoinbaseĬoinbase is a very famous crypto exchange launched in 2012 by two dedicated crypto enthusiasts – Brian Armstrong and Fred Ehrsam, IT guys with a background in software engineering. Some of its main competitors are GoCoin, Coinpayments, and Bitcoin Payment Solutions (BIPS) but BitPay manages to stay ahead of the game. The platform is currently working on adding support for multiple blockchains to enable users to select the one with the best and cheapest mining fees, as well as adding support for additional cryptocurrencies. One of its earliest customers was the NBA basketball team Sacramento Kings who in 2014 became the first sports franchise to allow Bitcoin as a form of payment processed by BitPay. Most merchants use the platform to sell digital content, but BitPay is also used within the travel industry, in casinos, or for selling tickets and merchandise. In 2017, BitPay processed more than $1 billion in BTC payments! Today, their services are available on six continents, accessed daily by thousands of Bitcoin traders and users. They created BitPay to make it easier for businesses to accept Bitcoin payments.
Тhe platform founders saw its great revolutionary potential and decided to act upon it. The corporate headquarters are now located in Atlanta, Georgia.Īt the time of BitPay’s launch, Bitcoin was still in its infancy. Let’s go into more detail so you can decide for yourself which platform goes in line with your crypto trading interest.īitPay is the largest bitcoin payment processor in the world, founded in 2011 by Tony Gallippi and Stephen Pair in Orlando, Florida. Plus, both Coinbase and BitPay offer Bitcoin debit cards. Both platforms allow merchants to accept Bitcoin payments although this is a relatively new feature for Coinbase and they include fewer integrations and plugins. The Coinbase wallet has to be accessed through the exchange’s website, while the BitPay wallet can be downloaded and used independently. Right now, both of them offer their own separate wallet services for users who want to store their funds. Even though BitPay is only a bitcoin payment processor while Coinbase is primarily a crypto exchange, the two of them have been making a lot of changes and constantly adding new features to cater to the needs of the evergrowing number of customers. BitPay and Coinbase are major points of entry known to every crypto enthusiast in the world.
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