- BitPay gets 341st rank on Deloitte’s Technology Fast 500.
- BitPay is also among the finalists for Red Herring’s Top 100 North American tech giants.
- To qualify for Deloitte’s Technology Fast 500, companies were obliged to have about $50,000 and at least $5 million of base-year operating revenue.
Bitcoin payments processor BitPay now ranks 341st on Deloitte’s Technology Fast 500. It won the award in light of how users are now noticing crypto use for payments. Subsequently, BitPay attributed this honor to blockchain.
Alongside this, BitPay has been selected as a finalist among Red Herring’s Top 100 North America awards.
BitPay CEO Stephen Pair said,
As more businesses and consumers use the blockchain, adoption for first-time users is increasing because the blockchain makes it faster, more secure, and less expensive to send and receive money on a global scale.
Well-defined industries and companies were required to have about $50,000 base-year operating revenue. This is one of the Technology Fast 500 criteria. In addition, they must record at least $5 million as their current-year operating revenue.
Additionally, individual companies were asked to be operationally active for at least a minimum of four years. In this case, their headquarters are located within the North American continent.
Deloitte vice-chairman Paul Silverglate remarked,
We congratulate this year’s winners, especially during a time when innovation is needed more than ever to address the monumental challenges posed by the pandemic.
Meanwhile, choosing a finalist within the North American tech giants became more difficult at the time. This is according to Red Herring’s publisher Alex Vieux.