BitPay Announces Permanent Virtual Office and Work From Home Policy
ATLANTA--(BUSINESS WIRE): September 15, 2020 11:32 AM Eastern Daylight Time -BitPay, the world’s largest provider of Bitcoin and cryptocurrency payment services, announced a permanent work-from-home policy today. BitPay recently conducted an internal survey to gather feedback from employees on working remote. The results revealed 85% of employees preferred to work from home and felt they were more productive. This insight coupled with the continuation in business, is a main reason the company chose to make working from home permanent.
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“It took a bit of adjusting to working from home because I am an outgoing and social person,” said Andrew Klein, Marketing Director. “I am grateful to have this flexibility and my team is able to collaborate and work together as if we were side-by-side.”
With more than 80 employees across three global offices including Atlanta, Amsterdam and Buenos Aires, BitPay employees are embracing the improved work life balance. Everyone from the office in Argentina completed the survey and every employee shared that not only do they prefer to work at home but they are more productive. The flexibility to work from home offers a competitive advantage in recruiting and retaining employees.
“I am grateful to be able to work from home because I have young children,'' said Daniel Escobar, Director Engineering Solutions. “The new normal lets me be effective at my job while still keeping my family safe.”
BitPay’s business has thrived without disruption, relying on technology and videoconferencing to keep employees engaged and customers happy. Since March, BitPay has successfully signed up hundreds of new customers including Take-two Interactive, Beliani, and Prager Metis, forged partnerships with exchanges like Binance, introduced new product updates, and launched the BitPay Card, the first Mastercard® Prepaid Card in the US Market for the Blockchain Community.
“We were closely following the coronavirus and immediately recognized its significance. As a result, the executive team implemented a virtual plan to continue business as usual for the well-being of our employees,” said Stephen Pair, co-founder and CEO of BitPay. “The work from home policy worked out well, so we turned to cyberspace for continued work.”
The initial move to virtual started as a result of the pandemic in an effort to provide safety and security to the company’s employees. For meetings and other employee in-person collaboration, BitPay is keeping a meeting space in Alpharetta.
#About BitPay
Founded in 2011, BitPay pioneered blockchain payment processing with the mission of transforming how businesses and people send, receive, and store money. Its business solutions eliminate transaction fraud, reduce the cost of payment processing, and enable borderless payments in cryptocurrency, among other services. BitPay offers consumers a complete digital asset management solution that includes the BitPay Wallet and BitPay Prepaid Card, enabling them to turn digital assets into dollars for spending at tens of thousands of businesses. The company has offices in North America, Europe, and South America and has raised more than $70 million in funding from leading investment firms including Founders Fund, Index Ventures, Virgin Group, and Aquiline Technology Growth. For more information visit bitpay.com.
The BitPay Card is issued by Metropolitan Commercial Bank (Member FDIC) pursuant to a license from Mastercard International Incorporated. “Metropolitan Commercial Bank” and “Metropolitan” are registered trademarks of Metropolitan Commercial Bank ©2014. Use of the Card is subject to the terms and conditions of the applicable Cardholder Agreement and fee schedule, if any.
Bitcoin integration led to positive results for the merchants in this study.
#Merchants Accepting Bitcoin Laud ‘Zero Chargeback Risks’, Says BitPay Report
BitPay recently released a study highlighting four merchants from different businesses that have implemented Bitcoin as a payment method. The parties selected to participate included a gold broker, an online gift card marketplace, a domain registrar that also serves as a hosting service, and an electronics retailer.
In the report, the unnamed merchants praised crypto’s lack of fraud-related chargebacks, noting the immensity of this issue when dealing with traditional institutions.
They also reported that while only 0.5% to 6.5% of their total eCommerce sales came from crypto transactions, these helped to boost the flow of new customers by 40% on average over the last three years.
During the pandemic, the study stated that merchants reported an increase
