The blockchain payments platform BitPay has added a new member to help continue growing its business. In a May 7, 2019, press release, the company announced that Glen Braganza, formerly of WorldPay, would join BitPay’s operations as their Chief Financial Officer. Beyond that, Rolf Haag, head of BitPay’s business solutions, said in an interview during Consensus 2019 that the platform would be adding “one of the top five cryptocurrencies” before the end of the year.
Boosting a Fast-Growing Business
Glen Braganza’s experience at Worldpay U.S. along with managing the Mergers & Acquisitions sector for several different financial organizations underline BitPay’s ambitions for continued growth. In 2018, the platform processed over $1 billion in payments and boasted a total of two million wallet users. And although the service only offers exposure to bitcoin (BTC) and bitcoin cash (BCH) at current, the business world has taken a keen interest in adopting payments in digital currencies.
Commenting on this interest, CEO of BitPay, Stephen Pair, pointed out that his company’s record growth was due mostly to businesses experiencing the advantages of blockchain payments. In 2018, the firm’s business to business service pushed past 200 percent with companies like Avnet using the pioneer cryptocurrency for settlements and international payments.
In hiring Braganza, it’s clear that BitPay is intent on continuing this growth. While at Worldpay U.S., Braganza led the firm to a $1.3 billion valuation and grew the company from 2,500 employees to over 5,000.
Regarding his interest in crypto, he said that:
“BitPay is at the cutting-edge of blockchain-payment technology and has proven itself as a valuable partner to numerous companies and consumers globally. I believe that BitPay has the opportunity to be a game-changer in the financial technology and payment space as the use cases for blockchain payments grow around the world.”
Integrating Wallets and Coins
When founded in 2011,