Hacker-Powered Security Platform HackerOne Starts Accepting Bitcoin Payments via BitPay

October 1, 2018         By: Payment Week

San Francisco and Atlanta, October 1, 2018 – HackerOne, the leading hacker-powered security platform, is the first bug bounty platform to accept Bitcoin and Bitcoin Cash from clients around the world. HackerOne has implemented BitPay, the largest global blockchain payments provider to help process these payments for its clients worldwide. Founded in 2012, HackerOne works with global brands like General Motors, Lufthansa, Starbucks, and Spotify to find critical software vulnerabilities through bug bounty and vulnerability disclosure programs. HackerOne has the largest community of hackers and security experts around the world and has helped its customers award hackers over $35M for safely reporting over 80,000 security vulnerabilities before criminals could exploit them.

“Many of our customers have come to rely on making payments in cryptocurrency as it is quickly becoming a popular payment method,” said Ning Want, Chief Financial Officer and Chief Operating Officer, HackerOne. “It was important to us to continue to offer Bitcoin and Bitcoin Cash to our customers and we can do that through BitPay.”

BitPay enables HackerOne to receive international payments faster and more economically than traditional bank wires. HackerOne customers can skip costly, complicated cross-border wire transfers and receive or send international payments with BitPay with accuracy, reduced fraud risk and quick bank settlement. Bitcoin payments dramatically reduce the friction, cost, and time of cross-border business to business payments. HackerOne customers who select the BitPay cross-border solution pay a fee of one percent for this transaction and can receive the cross-border confirmation in one business day.

“Using Bitcoin, HackerOne is now able to safely accept payments from clients in Asia, Africa and Latin America that would have been nearly impossible before,” said Sonny Singh, Chief Commercial Officer of BitPay. “HackerOne has a great reputation of product innovation and accepting Bitcoin payments is another example of that.”

About HackerOne

HackerOne is the #1 hacker-powered security platform, helping organizations find and fix critical vulnerabilities before they can be exploited. More Fortune 500 and Forbes Global 1000 companies trust HackerOne than any other hacker-powered security alternative. The U.S. Department of Defense, General Motors, Google, Twitter, GitHub, Nintendo, Lufthansa, Panasonic Avionics, Qualcomm, Starbucks, Dropbox, Intel, the CERT Coordination Center and over 1,200 other organizations have partnered with HackerOne to resolve over 80,000 vulnerabilities and award over $35M in bug bounties. HackerOne is headquartered in San Francisco with offices in London, New York, Singapore and the Netherlands.

For a comprehensive look at the industry based on the largest repository of hacker reported vulnerability data, download The Hacker-Powered Security Report 2018.

About BitPay

Founded in 2011, BitPay is the pioneer and the most experienced company in bitcoin and blockchain payments. Its suite of products enables businesses to send and receive cross border payments, also enabling consumers to manage digital assets with the BitPay Wallet and turn digital assets into dollars with the BitPay Prepaid Visa® Card. The company has offices in North America, Europe, and South America and has raised over $70 million from leading investors including Founders Fund, Index Ventures and Aquiline Technology Growth.   For more information visit https://bitpay.com

The BitPay Visa® Prepaid Card is issued by Metropolitan Commercial Bank, member FDIC, pursuant to a license from Visa, U.S.A. Inc. “Metropolitan” and “Metropolitan Commercial Bank” are registered trademarks of Metropolitan Commercial Bank © 2014. Use of the Card is subject to the terms and conditions of the applicable Cardholder Agreement and fee schedule, if any.