Atlanta Inno recently announced BitPay, a leading provider of crypto payment services, as one of the “50 on Fire” companies in Atlanta. Companies that are disrupting traditional markets and showing rapid growth are granted the reward from Atlanta Inno. This is the second year in a row that the agency representing the Atlanta ecosystem has done a 50 on fire announcement.
About the 50 on Fire List
The 50 on Fire is a special list of companies and individuals that are making an impact in Atlanta through innovative products and ideas. Atlanta Inno, which is focused on the entrepreneurial sector, is the company that creates the list. To be named one of the 50 on Fire, a company has to have launched a new product, come up with innovative solutions to existing products, secured new funding, or managed to hire leading experts.
Atlanta Inno aims to be the main source for local innovation in Atlanta. The company was launched in 2018 and they have been producing digital media and events about executives, entrepreneurs, businesses, startups, entrepreneurs, topics, and trends that are having an impact on the Atlanta city economy. Their goal is to create the go-to portal for the growing startup and tech communities in the city.
Why they Picked BitPay
When choosing BitPay in the Fintech category, Atlanta Inno said that the blockchain payments company had experienced rapid growth in the last two years. They noted that the company had attracted funding from major investors such as Alvin Liu, the Co-Founder of Tencent. Thus far, BitPay has managed to raise $72 million in funding. They have also managed to make it simple to convert crypto to fiat.
According to Bill Zielke, the CMO of BitPay, the company has been working on blockchain-based payment services since 2011. Their goal is to make it easy for consumers and businesses to use crypto globally. The Chief Marketing Officer said that being selected as one of the “50 on Fire” among all fintechs in Atlanta was an honor.
Aside from Bitpay, the other fintechs that made the list were Bakkt, Qoins, Greenlight Financial Technology, and Softgiving.
BitPay is a leader in the blockchain payments sector. They have launched several products in the past that enable business owners to accept payments in crypto. Besides that, BitPay owns a secure crypto wallet that can be used to store a diverse assortment of crypto coins. The wallet can also be used to make payments or to liquidate crypto to fund a debit card or various retail gift cards. With a BitPay Card, a user can instantly convert their crypto into fiat to purchase goods, and services, at any location where Mastercard debit cards are accepted. Users of BitPay can also use it to pay for real estate, as home sellers have started to accept it as a form of payments over the last few year.
The company was founded in 2011 and has since launched numerous solutions. These solutions focus on eliminating transaction fraud, cutting the cost of payment processing, and enabling cross-border payments using crypto. The company has offices in Europe, North America, and South America.
Metropolitan Commercial Bank, a FDIC member, issues the BitPay cards. The bank is a member of the FDIC, and users can pay for services offered by all merchants that accept Mastercard debit cards.
Image Source: BitPay