BitPay Awarded Best Alternative Payment Solution from CNP Summit – AiThority

BitPay, the worlds largest provider of Bitcoin and cryptocurrency payment services, today announced the company wonBest Alternative Payment Solution from CNP Summit. Each year, the CNP Awards is the only awards competition honoring the companies, programs and solutions that have distinguished themselves in the card not present space throughout the year. Over the last few months, the CNP panel of independent industry experts and the nominees customers have been deliberating on the winners for this years program.

Businesses of all kinds are being forced to adapt and innovate in this unprecedented year, said D.J. Murphy, editor-in-chief of Card Not Present. Merchants in the e-commerce fraud and payments community, facing completely new online shopping and fraud patterns, are working hand-in-hand with service providers to respond. Weve done that as well. This year, were fortunate to be able to unveil the CNP Awardsthe standard by which companies in this industry are recognized and judgedvirtually for the first time. We congratulate all the winners and hope to see them and the rest of our community in person next year.

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In selecting BitPay, CNP said that BitPay was one of the first platforms widely adopted for processing cryptocurrency and blockchain-based payments and has become one of the largest and most well-known in the space. It is one of eight first-time winners in this years CNP Awards, nabbing the Judges Choice award in the Best Alternative Payment Solution category. The company has traced the evolution of digital currency, starting by enabling mostly small businesses to leverage a new way to pay online and growing to service enterprises as cryptocurrency gained legitimacy. One of the reasons cryptocurrency continues to gain the confidence of merchants of all sizes is they are protected from chargebacks.

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In 2011, BitPay saw the potential to make it easy for businesses to accept blockchain payments and revolutionize the financial industry, said Bill Zielke, Chief Marketing Officer with BitPay. The CNP Award highlights this recognition and supports our goal to move cryptocurrency payments mainstream.

BitPay is a pioneer and leader in global blockchain payments. The Companys suite of products enable businesses to accept cryptocurrency payments globally for ecommerce goods and services or cross border transactions while receiving settlements in fiat currency. In addition, BitPay powers a secure wallet that can be used to store cryptocurrency, make payments or liquidate cryptocurrency to fund a Visa prepaid debit card or dozens of retail gift cards.

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BitPay Awarded Best Alternative Payment Solution from CNP Summit - AiThority