Confirmed: BitPay Experienced 3-Hour Bitcoin Payment Outage

Published at: Dec. 23, 2019

Major cryptocurrency payment service provider BitPay has confirmed that its service had a temporary outage of Bitcoin (BTC) payments on Dec. 22.

Bitcoin payments were briefly unavailable for almost 3.5 hours on BitPay as the company was working to fix transaction issues, BitPay Support tweeted Dec. 22. According to the information, the service was restored by 4:25 PM EST.

In an email to Cointelegraph, BitPay did not provide additional details about the possible cause of the outage, stating:

“There were temporary issues with BitPay’s BTC payment processing system. Our tech team was alerted and promptly resolved the issue.”

Multiple users complained about the issue

Prior to the BitPay’s official notice on BTC payment issues, a number of users have reported that the service was unavailable. Some Bitpay users on Twitter suggested that the platform has disabled Bitcoin payments for all merchants, noting that the service wasn’t available at several stores.

Another user on Twitter pointed out BitPay’s capacity to transfer API data as a major benefit of the service, while criticizing the outage:

“I love your API data service but you guys gotta fix your shit. Dump bitpay and install btcpayserver, it's embarrassing that a service called ‘bitcoinaverage’ can't even accept Bitcoin for payment.”

The news comes after BitPay rolled out support for three new stablecoins: USD Coin (USDC), Gemini Dollar (GUSD) and Paxos Standard Token (PAX) on Dec. 10. As reported, the new listings brought the total number of BitPay-supported cryptocurrencies to six, alongside Bitcoin, Bitcoin Cash (BCH) and Ether (ETH).

Growing controversy over BitPay

As of December 2019, over 30,000 global merchants were reportedly using BitPay service, according to the firm. Despite a massive bear market on crypto markets in 2018, BitPay reportedly saw some growth during that year, with the company reporting $1 billion in transactions in 2018.

Founded in 2011 in Atlanta, Georgia, BitPay has been often referred to as “controversial” though. As previously reported by Cointelegraph, BitPay had quite the dubious reputation in recent years as it was involved in promoting Bitcoin Cash as a more attractive option to Bitcoin itself, alongside support and technical issues which reportedly resulted in the loss of several significant clients.

Disclaimer: This article was updated to specify a quote from BitPay team in regard to recent Bitcoin payment processing system issues.

Tags
Related Posts
Verifone to enable crypto payments at major retailers through BitPay
Crypto payments are becoming increasingly popular as Bitcoin (BTC) and other digital assets continue to go mainstream. This has become the case for both crypto holders and non-crypto owners who are primarily interested in the concept of using cryptocurrencies for payments. Recent data has found that 93% of crypto users surveyed would consider making purchases in crypto. The report further revealed that 59% of consumers who don’t hold crypto would be interested in using it to make purchases in the future. As such, it shouldn’t come as a surprise that major payment providers like Mastercard have been ramping up their …
Adoption / Sept. 28, 2021
Crypto Payment Platform BitPay Introduces Settlement in Stablecoins
U.S.-based cryptocurrency payment processor BitPay has started accepting stablecoins, according to an announcement published Oct. 15. The company now allows its merchants to receive settlements in Gemini Dollars (GUSD) and Circle USD Coin (USDC). Founded in 2011 in Atlanta, Georgia, BitPay provides payment services with Bitcoin (BTC) and Bitcoin Cash (BCH) with a customer base of 20,000 businesses globally. GUSD and USDC are Ethereum (ETH) blockchain-based stablecoins issued by regulated crypto exchanges Gemini and Circle. The value of each of these coins is tied to the value of the U.S. dollar at a 1:1 ratio, which purportedly reduces the risk …
Bitcoin / Oct. 15, 2018
130 Coffee Shops in Europe Started to Accept and Sell Crypto
Be honest: shopping with cryptocurrency isn’t always the easiest experience. Even if price volatility is on your side, spending funds can be nightmarish. Crypto is gaining in popularity but many merchants still don’t accept it – meaning you are stuck with those age-old, boring options of paying by card or cash. A “technology enabler” startup known as Cyclebit is aiming to simplify things by enabling stores to serve as “cryptocurrency gateways” – enticing crypto enthusiasts to come and spend their coins with them and inject some new funds into the economy. The idea has already started to gain traction – …
Bitcoin / Oct. 18, 2018
Got crypto? Here are 3 debit cards that let you spend your stack
As blockchain technology and the public's awareness of cryptocurrency continues to grow, a range of new use cases a coming to market and enhancing the efficacy of legacy financial systems. Despite its many applications, the original use case for Bitcoin (BTC) as a medium of exchange remains one of the most fundamental applications of blockchain technology and while BTC might not be the best asset to use for payments, there are service providers who have eased the process of settling transactions in other cryptocurrencies. For now, the most widely accepted way to use cryptocurrencies for direct payments in everyday life …
Blockchain / April 30, 2021
Major Asian Ticketing Agency Accepts Bitcoin on Lightning Network
Vietnamese online ticketing agency Future.Travel now accepts Bitcoin (BTC) payments via the Lightning Network (LN), with funds being converted into local currency at the time of sale. To enable LN-based Bitcoin payments, Future.Travel collaborated with Canada-based tech firm Neutronpay, which will provide Future.Travel its multi-currency merchant platform, according to an April 20 announcement. With the newly integrated option, the BTC transaction processing time will ostensibly be cut down to three to four seconds in most cases. Eliminating fraud, reducing transaction processing time Overall, Future.Travel has been supporting BTC payments for over six years and recently added other cryptocurrencies like Litecoin …
Adoption / April 20, 2020