ATLANTA -- May 14, 2013 -- BitPay Inc, the worldâ€™s leading payment processor for bitcoin, announces it has hired Bitcoin core-developer Jeff Garzik. Jeff has been working part-time on Bitcoin for the past three years, contributing to the core Bitcoin protocol, while he worked full-time for Red Hat in North Carolina. The job at BitPay will allow him to work full-time on Bitcoin, BitPay, and related open-source projects to benefit the Bitcoin community.
â€śBitPay recognizes the need for more resources and developments in the core Bitcoin protocol, especially in the areas of scalability and reliability,â€ť says Tony Gallippi, co-founder and CEO of BitPay. â€śWe strongly encourage other Bitcoin companies to do the same, either through crowdfunding efforts or direct contracts, grants, or scholarships.â€ť
Jeff adds: â€śBitcoin is growing up, no longer a hobby but now a professional payment network used worldwide. BitPay's contributions to the bitcoin open source software will benefit the entire community. After working on bitcoin open source software for years as a volunteer, I'm excited that BitPay is now sponsoring my work.â€ś
BitPay has also hired Bryan Krohn as Chief Financial Officer. Bryan has previously worked as VP of Finance and Director of Finance for several Atlanta-based companies in the IT and Healthcare spaces. Bryanâ€™s experience with international banking and treasury management will greatly help BitPayâ€™s service meet the needs of larger clients. Bryan will report to Tony Gallippi, CEO of BitPay.
Chaz Ferguson has also joined BitPay as a Software Engineer. He is a junior at West Georgia College majoring in Computer Science and has begun making improvements to the BitPay workflow to better handle edge conditions. Chaz will report to Kevin McInturff, VP of Product Management.
The addition of Jeff, Bryan and Chaz brings the total number of full-time employees at BitPay to ten.
BitPay is a Supporting Sponsor of Bitcoin 2013: The Future of Payments, taking place this weekend in San Jose, California. BitPay executives are also presenting at the conference on Overcoming Challenges to Accepting Bitcoins, Driving Business Adoption of Bitcoin, and Funded Entrepreneurs. Attendees of the Conference can meet the entire BitPay team.
About BitPayBitPay is a Payment Service Provider (PSP) specializing in eCommerce, B2B, and enterprise solutions for virtual currencies. Visit https://bitpay.com.
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Dan is a 35 year old computer programmer from Pittsburgh who lives a busy life. Along with balancing work, his marriage, and raising his three boys, Dan spends much of his time actively involved in all things Bitcoin. After discovering Bitcoin in 2011, his love and obsession for the crypto-currency was born, revealing an uncharted world of new possibilities for him to explore. Join us as we take a journey through the rapidly growing world of Bitcoin. Along the way, weâ€™ll follow the stories of entrepreneurs and startups that are helping shape the new financial frontier. Weâ€™ll look at the competitive mining market and the various subcultures within the Bitcoin community. Youâ€™ll encounter a variety of characters and opinions as we examine the social and political impact of an open-source digital currency. Will the rise of Bitcoin bring a monetary paradigm shift that will forever change the world?
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Updated: 4 April 2013