BitPay, a Payment Service Provider (PSP) that specializes in ecommerce, B2B, and enterprise solutions for virtual currencies, has announced that it is expanding its open source web and mobile Bitcoin wallet to Windows phones to help users as well reach new segment of customers.
Nonetheless, as the world leader in Bitcoin payment processing, it offers easy tools to accept Bitcoin payments online and expanding its open source web and mobile Bitcoin wallet to Windows phones. According to the company sources the app is already available on both Android and iOS for the users who wish to explore the Bitcoin transactions.
In a press release BitPay says that this is the latest manifestation of its relationship with Microsoft as earlier in December Microsoft started accepting Bitcoin as a form of payment for its gaming and mobile content with BitPay as the payment processor. The two organizations are now moving ahead towards the complete Bitcoin revolution.
The Bitcoin payment processor says that Copay's release on the Windows Phone is another indication that the company may see more collaboration between BitPay and the software giant. Nonetheless, it is a large Bitcoin payment processor, first launched Copay in the summer of 2014. Though the app is still currently in beta, it has huge prospects.
The company says that Copay features a transaction process that requires multi-signature authentication, which was originally created for internal use at BitPay. Nonetheless, the company decided to open up the code so it could serve as a foundation for other secure Bitcoin products and services to the users who are or have been using Windows phones.
In the announcement BitPay informed that it simultaneously launched its open source code and the Copay wallet to demonstrate how the software works. Also, shortly thereafter, the company rolled out a mobile app for the wallet equipped with NFC-enabled tap-to-pay for in-store purchases.
Though BitPay has been around since 2011, it was in May 2014 it took in $30 million in funding and since then it has been expanding a lot. Currently, it is the global leader in Bitcoin payment processing with offices throughout North America, Europe, and South America. It raised over $32 million from top investors including Index Ventures, Founders Fund, and Sir Richard Branson.