The bug bounty platform HackerOne has now implemented BitPay. With that, it becomes the first bug bounty operation to accept Bitcoin BCH and Bitcoin Core (BTC) from its clients around the world, among which are Starbucks, General Motors, Spotify, the US Department of Defense, Lufthansa and more.
In a company press release, HackerOne Chief Operating Officer and Chief Financial Officer Ning Want stated, “Many of our customers have come to rely on making payments in cryptocurrency as it is quickly becoming a popular payment method. It was important to us to continue to offer Bitcoin and Bitcoin Cash to our customers and we can do that through BitPay.”
By adding BitPay’s functionality to the platform, HackerOne can now receive international payments quicker than bank transfers. It also will result in lower costs, a reduction in fraud risk and faster bank settlements. BitPay transaction fees are only 1% of the transaction and confirmations are received in a single business day. With bank transfers, fees can be as high as $100 and can take up to a couple of weeks.
HackerOne is the world’s largest group of hackers and security experts, all working together to uncover software vulnerabilities for its customers. To date, it has reportedly awarded more than $35 million to hackers who have safely reported over 80,000 security vulnerabilities before they could be exploited. The company has its headquarters in San Francisco, and also maintains offices in New York, London, the Netherlands and Singapore.
BitPay’s Chief Commercial Officer, Sonny Singh, stated in the press release, “Using Bitcoin, HackerOne is now able to safely accept payments from clients in Asia, Africa and Latin America that would have been nearly impossible before. HackerOne has a great reputation of product innovation and accepting [cryptocurrency] payments is another example of that.”
BitPay has been around since 2011, pioneering cryptocurrency payments. It offers a digital asset wallet, as well as the BitPay Prepaid Visa® Card. It also facilitates cross-border payments for a number of businesses. BitPay has offices across North and South America and Europe, and the prepaid card is issued by Metropolitan Commercial Bank through a licensing agreement with Visa.
Note: Tokens on the Bitcoin Core (segwit) Chain are Referred to as BTC coins. Bitcoin Cash (BCH) is today the only Bitcoin implementation that follows Satoshi Nakamoto’s original whitepaper for Peer to Peer Electronic Cash. Bitcoin BCH is the only major public blockchain that maintains the original vision for Bitcoin as fast, frictionless, electronic cash.
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Spanish cryptocurrency trading platform Bitnovo has added support for Bitcoin Cash (BCH), effective September 27. Users of Bitnovo’s Bitcard and N26 bank-free products can now top up their accounts with Bitcoin BCH, alongside LTC or ZCash. Payments using the cryptocurrency are also supported, according to the trading platform.
Bitcard is a crypto-based debit card that allows for easy and fast conversion of cryptocurrency like Bitcoin BCH to fiat currency—the Euro, for now—without users having to go through the bank. N26, meanwhile, is a mobile-based banking service that allows its users to buy and sell cryptocurrencies, among other related functions.
GREAT NEWS!
Noy you can also top up your #Bitcard with founds from #Litecoin, #ZCash, #BitcoinCash!https://t.co/k3ftImvZwe pic.twitter.com/LmQBO0I17n
— Bitnovo (@bitnovo) September 27, 2018
In an interview with news.bitcoin.com, Bitnovo Chief Marketing Officer Roberta Quintillano said, “From today, holders of Bitcard and a N26 account can now top them up easily in Bitnovo platform with Bitcoin Cash. Furthermore, it will be possible to use Bitcoin Cash as payment methods to purchase all the Bitnovo services.”
Bitnovo’s move to integrate Bitcoin BCH follows the footsteps of an increasing number of merchants that have started to accept the cryptocurrency as payment. In the U.S. for example, residents are now able to pay for their TV subscriptions with satellite television provider DISH TV in BCH following the company’s integration with cryptocurrency payment service BitPay.
The partnership with BitPay allows DISH customers to utilize their Bitcoin BCH to pay for monthly subscriptions as well as pay-per-view movies. The company says as a push transaction, customers must send the exact amount of BCH needed to make a one-time payment.
John Swieringa, DISH executive VP and COO, said onboarding Bitcoin BCH—which continues to rise in prominence—allows that company to continue to serve those paying in cryptocurrency.
According to Swieringa, DISH has “a steady volume of customers paying with cryptocurrency each month, and BitPay will allow us to continue offering more choices and convenience to our customers.”
To find out how easy it can be to accept Bitcoin BCH payments with BitPay, read here.
Note: Tokens on the Bitcoin Core (segwit) Chain are Referred to as BTC coins. Bitcoin Cash (BCH) is today the only Bitcoin implementation that follows Satoshi Nakamoto’s original whitepaper for Peer to Peer Electronic Cash. Bitcoin BCH is the only major public blockchain that maintains the original vision for Bitcoin as fast, frictionless, electronic cash.
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Only a couple of weeks ago, the blockchain-based payment services company BitPay announced that it had incorporated into its platform the ability for merchants to receive payouts in Bitcoin BCH. It was just the latest example of how the company is striving to stay at the forefront of innovation in order to drive cryptocurrency adoption around the world. BitPay is working tirelessly to help create a worldwide payment system that is efficient, user-friendly and adaptable, and is constantly exploring new ideas and options to help shape the digital currency market of tomorrow.
Since the end of last year, BitPay has implemented the Bitcoin Payment Protocol, BIP70, as the standard for paying BitPay invoices. BIP70 is an enhanced protocol that allows for better communication between a merchant and their customer and provides better security against man-in-the-middle attacks during the payment process. That change took the error rate down to 0.27%.
BIP70 also works to ensure that transactions are conducted only for the proper amount, helping to avoid payment mistakes. Payments that are too large or too small, or that take too long to arrive can be rejected and refunded thanks to BIP70.
Things weren’t always so great at the company. Last year, it fell behind in customer service due to the explosive growth of cryptocurrencies, but quickly righted the ship and got back on course. Now, user requests receive a response within two hours and a complete answer within 24 hours. The customer support team, which now is 500% larger, is available 24 hours a day, seven days a week and is dedicated to providing the best customer experience possible. As of its most recent evaluation, BitPay reports that only 1.4% of all BitPay invoices need any assistance from the company’s Customer Success team.
In an effort to stay ahead and ensure that the Customer Success team is able to handle the amount of traffic adequately and provide top-level responses, BitPay is now launching four new initiatives. It is going to have a staff component of subject matter experts, another of customer success engineers and a third component of customer success managers. The fourth component centers on a support form that is updated more frequently to provide real-time answers to common questions.
The cryptocurrency industry is losing its “Wild West” image. It may take a while, but evidence is seen of this every day, especially through advances such as those offered by BitPay.
Note: Tokens on the Bitcoin Core (segwit) Chain are Referred to as BTC coins. Bitcoin Cash (BCH) is today the only Bitcoin implementation that follows Satoshi Nakamoto’s original whitepaper for Peer to Peer Electronic Cash. Bitcoin BCH is the only major public blockchain that maintains the original vision for Bitcoin as fast, frictionless, electronic cash.
The post BitPay continues to innovate and enhance the cryptocurrency ecosystem appeared first on Coingeek.
