Breaking: Man accused of shooting Tifton officers dies after jail incident, officials say
Business
Business

Online payment processor coming to Atlanta

By Arielle Kass
Jan 7, 2013

A small processor of Internet-only currency is moving to Atlanta.

BitPay, which processes the online Bitcoin currency, has just two employees, but plans to hire several developers as it builds out its business. CEO Tony Gallippi said BitPay processes the bulk of Bitcoin sales, including to web sites like WordPress. The Bitcoin currency floats against other currencies; one Bitcoin was worth about $13.55 Monday.

The founders of the year-old payments company are both graduates of Georgia Tech.

Gallippi said the move, which comes with $510,000 in funding, was in part to take advantage of Atlanta’s reputation as a hub for payment processing.

“These companies see activity going on,” said Tino Mantella, the president and CEO of the Technology Association of Georgia. “I think they’re in the right spot for this.”

Georgia has more than 90 financial technology companies with 25,000 employees here.

About the Author

Arielle Kass covers Gwinnett County for The Atlanta Journal-Constitution. She started at the paper in 2010, and has covered business and local government beats around metro Atlanta. Arielle is a graduate of Emory University.

More Stories

Keep Reading

Co-founder and president of the newly formed Georgia Skyline Bank, Ryan C. Floyd, was a SVP at The Piedmont Bank. (Courtesy of Georgia Skyline Bank)

Credit: sour

Why a metro Atlanta investor group is starting a new bank

A group of longtime community bankers is attempting to start Georgia Skyline Bank, based in Roswell.

Grants from the Fox Theatre will help renovate venues across Georgia

The grant money doesn’t come from donations or through fundraising. It comes from ticket revenues generated by shows at the Fox Theatre in Atlanta.

Atlanta’s short-term rentals are starting to fill up for the World Cup

Airbnb is predicting about 6,000 guests will stay with Atlanta hosts during the World Cup, representing about 45,000 guest nights.

The Latest

A new kind of hybrid, called e-Power, is coming to the U.S. from Nissan. Courtesy of Nissan

Credit: Courtesy of Nissan

OPINION

Nissan’s e-Power: An EV driving experience, fueled by gas

OPINION

December car sales are good but not magic

In the market for a luxury vehicle? You might reconsider Lincoln.

Featured

Jo'wan Bellamy taught in the GNETS program for 17 years and recently transferred to Atlanta’s new behavioral program at Crawford Long Middle School. (Arvin Temkar/AJC)

Credit: arvin.temkar@ajc.com

Georgia districts forge their own way as troubled program faces a crossroads

School districts are dropping out of GNETS to serve students with emotional and behavioral disabilities.

Ex-Truett McConnell VP indicted in case tied to sex abuse probe

A White County grand jury has indicted a former Truett McConnell University vice president, accusing him of lying to a county sheriff investigator.

Dickens asks top donors for $250K to help fund inauguration events

Atlanta Mayor Andre Dickens is soliciting up to $250,000 from top donors to sponsor three days of events celebrating his second-term inauguration.