Company Directory

Company Directory

Company Directory - BitPay, Inc.

Company Details - BitPay, Inc.

BitPay, Inc. Logo

BitPay, Inc.

Website

Atlanta, United States

BitPay is a Bitcoin payment processor that provides businesses and consumers with the tools to accept and process Bitcoin transactions. The company offers integrated payment solutions and digital currency management services, and it is notably recognized for its sponsorship of events such as the Bitcoin St. Petersburg Bowl.

CCI Score

CCI Score: BitPay, Inc.

-19.48

0.06%

Latest Event

BitPay Sponsorship and Crypto Policy Alignment

BitPay, a leading Bitcoin payment processor known for sponsoring events such as the Bitcoin St. Petersburg Bowl, is indirectly linked to the current U.S. crypto policy debate. The company's past sponsorship of the bowl, where Bo Hines—now a key figure in steering Trump-backed crypto policy—played, raises concerns about implicit support for political agendas that align with authoritarian tendencies. This association is worrisome from an anti-fascist perspective, as it may contribute to legitimizing political strategies that prioritize corporate interests over democratic accountability.

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ENABLER

BitPay, Inc. is currently rated as an Enabler.

-10 to -19 CCI Score
Companies in this segment facilitate authoritarian practices while claiming neutrality. They provide resources or support that indirectly bolster oppressive regimes, thereby undermining democratic accountability without overtly endorsing the regime.

Latest Events

  • BitPay Sponsorship and Crypto Policy Alignment Logo
    MAR
    07
    2025

    BitPay, a leading Bitcoin payment processor known for sponsoring events such as the Bitcoin St. Petersburg Bowl, is indirectly linked to the current U.S. crypto policy debate. The company's past sponsorship of the bowl, where Bo Hines—now a key figure in steering Trump-backed crypto policy—played, raises concerns about implicit support for political agendas that align with authoritarian tendencies. This association is worrisome from an anti-fascist perspective, as it may contribute to legitimizing political strategies that prioritize corporate interests over democratic accountability.

  • Launch of FEC-Compliant Bitcoin Political Donation Platform Logo
    OCT
    01
    2023

    BitPay introduces a platform for accepting bitcoin political donations, emphasizing FEC compliance and leveraging digital innovation to facilitate transparency in political funding. The tool enables smaller political contributions in a manner consistent with regulatory standards, supporting accountable political finance.

  • +10

    Public and Political Behavior

    October 1

    BitPay's tool for processing bitcoin political donations supports democratic processes by ensuring that all transactions are FEC compliant. This aids in transparency and limits the potential for large, untraceable donations that could destabilize democratic norms. The service also empowers small donors, which can help resist the concentration of political power.

    Accept Bitcoin for Political Donations

  • +15

    Technology and Services Impact

    October 1

    By employing advanced digital payment technology, BitPay enhances the efficiency and accessibility of processing political donations. This technological approach can empower grassroots political engagement while adhering to compliance standards, and it represents a modern adaptation of campaign finance processes that can counteract traditional concentrations of political power.

    Accept Bitcoin for Political Donations

  • BitPay Donation Process Criticized for Lack of Transparency in Political Campaigns Logo
    APR
    13
    2022

    An investigation into BitPay's crypto donation facilitation revealed risks associated with anonymized wallet addresses in political campaign contributions, potentially undermining donor verification and compliance with campaign finance laws.

  • -40

    Public and Political Behavior

    March 21

    BitPay's practice of anonymizing crypto donations, unless donors opt in for a transparent wallet address, compromises political transparency. This approach makes it harder for campaigns to verify donor information, potentially facilitating fraudulent or illegal contributions and indirectly supporting authoritarian practices.

    Campaigns Face Risks With Crypto Donations On Coinbase And BitPay

  • -20

    Business Practices and Ethical Responsibility

    March 21

    While BitPay offers an opt-in transparency option for campaign donations, its default approach of creating new, anonymous wallet addresses undermines ethical business practices. This lack of robust identity verification can lead to opacity in political contributions and diminishes accountability in the electoral process.

    Campaigns Face Risks With Crypto Donations On Coinbase And BitPay

  • BitPay Facilitates Crypto Donations to Support the NRCC Logo
    JUN
    17
    2021

    BitPay processed cryptocurrency donations for the National Republican Congressional Committee (NRCC) by converting the donated crypto to dollars before remitting the funds to the GOP organization. This role enables increased political contributions that empower far‐right efforts, raising concerns about corporate complicity in supporting authoritarian and fascist-leaning political agendas.

  • -60

    Political Contributions and Lobbying Efforts

    March 21

    By acting as the payment processor for crypto donations to the NRCC, BitPay is facilitating political contributions that enable GOP efforts to advance agendas aligned with authoritarian ideologies. This involvement indirectly supports a political environment that undermines democratic processes and increases corporate complicity in the rise of far-right authoritarianism.

    National Republican Congressional Committee To Accept Crypto Donations

  • BitPay Facilitates Crypto Donations for Congressman Emmer Logo
    AUG
    20
    2020

    BitPay's role in processing cryptocurrency donations for Congressman Tom Emmer's reelection campaign has raised concerns about the company's indirect contribution to political influence. By enabling digital contributions, BitPay facilitates political funding that may empower candidates whose policies align with authoritarian tendencies, highlighting corporate involvement in political processes.

  • -40

    Political Contributions and Lobbying Efforts

    March 21

    BitPay's involvement in processing crypto donations for Congressman Tom Emmer, a figure associated with right-wing political leadership, demonstrates a facilitation of political contributions that may indirectly support rising authoritarian and fascist influences. Although the service provided is technically neutral, from an anti-fascist perspective, enabling such donations contributes to an uneven political playing field where wealthy interests can amplify extremist views.

    US Congressman Tom Emmer Will Accept Crypto Donations for Reelection Campaign

Industries

522320
Financial Transactions Processing, Reserve, and Clearinghouse Activities
541511
Custom Computer Programming Services
541519
Other Computer Related Services