Announcing a Return to our Roots: The All-New Bitcoin Magazine

Bitcoin Companies Join Payment Giants At Transact 15


         Bitcoin Companies Join Payment Giants At Transact 15

The Transact conference is a yearly trade show that brings together the latest in payments and technology. Payments giants including American Express, PayPal, Visa, Bank of America, Chase, and many others gather at this yearly event to learn about new technologies and form partnerships. In its very essence, this is a traditional payments conference. And now Bitcoin gets to be part of the conversation.

BitPay, a member of the Electronic Transactions Association, is going to be a big part of the March 31-April 2 event, which is billed as “the place to come to get business done.” Bitcoin API company Gem will also be a sponsor of the event.

Tony Gallippi, the co-founder of BitPay is one of the primary speakers on an 11:30 a.m. panel titled, “Digital Currency – Changing the Payments Ecosystem.” Others on the panel are Adam White from Coinbase, Sean Neville, and the panel is moderated by David Bailey from BTC Media. (Full disclosure: BTC Media is the parent company of Bitcoin Magazine.)

“This is the first major traditional payments conference where we are seeing a lot of involvement from Bitcoin companies,” said Emily Vaughn, marketing manager at BitPay. “Having a presence and presenting thought leadership at events like Transact 15 is critical for the growth of the Bitcoin ecosystem.”

The growth of the Bitcoin ecosystem is going to happen whether traditional payment processing companies want it or not. According to BitPay, there’s much excitement about the possibilities of bitcoin.

“Businesses working in the traditional payments industry are usually excited about getting involved with Bitcoin once all of their skepticism has been addressed,” Julia Patterson, communications manager at BitPay, said. “No large payments company is going to adopt Bitcoin on a whim, nor should they.”

BitPay recently partnered with Heartland Payments Systems, one of the largest payment processors in the United States. Heartland has more than 300,000 businesses and educational locations that rely on their technology. Through this partnership, Heartland will be able to recommend which of their merchants would be best suited to use bitcoin.

However, not all merchants have found success with bitcoin. WordPress, a recent client of BitPay’s, decided that it was not worth the support costs to keep accepting bitcoin. They were seeing only a few transactions using bitcoin as the payment method.

“WordPress is currently updating their checkout process, and we expect to see bitcoin capability added back in,” Patterson said. “After talking to WordPress, we think the lapse in bitcoin payments has little to do with bitcoin or our service.

With some serious heavy hitters such as Square, Stripe, TD Bank, and others attending Transact 15, this could be a good way for more companies to learn about the potential of bitcoin and potentially integrate it into their workflow.

“The Bitcoin technology stands on its own two legs,” Patterson said. “It’s our job to be the best ambassadors for the technology as possible.”

Transact 15 is starts on March 31stand goes until April 2nd. It’s being held at the Monscone Center in San Francisco.


Ten Years Later, a Reflection on Bitcoin’s Genesis and Satoshi’s Timing

Rather than focusing simply on what the genesis block is, today is a day to reflect on what the genesis block represents.

Colin Harper

Op Ed: From Gray To Black and White: Traditional Regulations Come to Crypto

For the crypto industry, recent developments — at both the federal and international levels — signal that the time for plausible deniability or unregulated freedom is coming to an end and more traditional regulations are moving to the forefront.

Courtney Rogers Perrin and Joshua Lewis

Bitcoin Price Analysis: Blowing Through Support Levels on the Way to $3,000

Bitcoin continues to tumble lower and lower as it struggles to claim any footing in the market. It’s down almost 50% in three weeks and it’s showing very little sign of stopping. It’s currently clutching onto the $3,500 values but it doesn’t look like it can hold on much longer.

Bitcoin Schmitcoin

Op Ed: SEC’s Latest Declaration Creates Legal Minefield for Digital Assets

This broad, authoritative declaration is not unexpected, as, to date, the SEC has stated that all digital assets — regardless of whether they function as alt coins or utility tokens — are securities at least initially and, thus, subject to its jurisdiction.

Huhnsik Chung and Nicholas Secara