BitPay laid off nine employees yesterday.

[GoWest]

This source indicates that Bitpay just laid off nine staff: http://qntra.net/2015/01/bitpay-lays-off-9-employees-today/

Given the reports from the Bitcoin Bowl, almost no one is spending their Bitcoins with brick & mortar merchants.

In other news... Ripple is hiring! https://www.ripplelabs.com/careers/

[ElectricMucus]

Perhaps they can get their business back on track by incorporating ripple payments into their checkout system.

But what do I say, blasphemy! Ripple is the enemy, right?

[GoWest]

Perhaps they can get their business back on track by incorporating ripple payments into their checkout system.

But what do I say, blasphemy! Ripple is the enemy, right?

At the San Jose Bitcoin conference in 2013, I asked one of the BitPay employees what they thought about Ripple and they literally responded, "we don't talk about them."

[Walsoraj]

This source indicates that Bitpay just laid off nine staff: http://qntra.net/2015/01/bitpay-lays-off-9-employees-today/

Given the reports from the Bitcoin Bowl, almost no one is spending their Bitcoins with brick & mortar merchants.

In other news... Ripple is hiring! https://www.ripplelabs.com/careers/

https://xrptalk.org/topic/5042-ripple-labs-in-talks-with-top-15-global-telcos/

https://xrptalk.org/topic/5041-updated-exec-summary-for-financial-institutions/


2015 will be the year of Ripple.

[ElectricMucus]

Perhaps they can get their business back on track by incorporating ripple payments into their checkout system.

But what do I say, blasphemy! Ripple is the enemy, right?

At the San Jose Bitcoin conference in 2013, I asked one of the BitPay employees what they thought about Ripple and they literally responded, "we don't talk about them."

That says something about who they are too...

[Eamorr]

Perhaps they can get their business back on track by incorporating ripple payments into their checkout system.

But what do I say, blasphemy! Ripple is the enemy, right?

At the San Jose Bitcoin conference in 2013, I asked one of the BitPay employees what they thought about Ripple and they literally responded, "we don't talk about them."

These people "believe" in Bitcoin like it's a religion. There's no talking to them.

Bitcoin is a lovely old steam engine for the nostalgic, trainspotters and enthusiasts.

But the world's population cannot be transported on steam. Trying to hack steam or harping back to the glory days of steam is a waste of human effort and human know-how. We know better and have the technology and tools in our hands.

That said, we ought to cherish and remember BTC as a very, very important part of digital currency history.

[smoothie]

Two possibilities:

1. Bitpay overshot their mark on how much staff they could support/needed.

2. They are hurting with this downturn in bitcoin's price.

[HarHarHar9965]

Didn't Bitpay use a chunk of their VC investment to buy BTC? What price was that at? They also hold (speculate) with BTC processed for merchant payments (just watch the addresses you send to....), so I could see them hurting from this price action.

[smoothie]

Didn't Bitpay use a chunk of their VC investment to buy BTC? What price was that at? They also hold (speculate) with BTC processed for merchant payments (just watch the addresses you send to....), so I could see them hurting from this price action.

Anyone got the link to this claim ^?

[brg444]

Didn't Bitpay use a chunk of their VC investment to buy BTC? What price was that at? They also hold (speculate) with BTC processed for merchant payments (just watch the addresses you send to....), so I could see them hurting from this price action.

Anyone got the link to this claim ^?

I think it is more likely parts of their seed investement rounds were in BTC. I know it was the case for a couple of early companies such as Armory...

[HarHarHar9965]

I may be misinformed or remembering wrong. I was only getting this secondhand some months ago.

[ElectricMucus]

Back two years ago during the pirateat40 ponzi they posted something about "short squeezing" pirate, essentially admitting engaging in the market.
I'm unaware of any other concrete facts, but it can be speculated that they use the VC money to pay out merchants and keep the BTC.

The cynic in me hopes that is actually their business model, meaning that once they run out of VC funds they get to blow up in true Bitcoin Enterprise fashion.

[gentlemand]

Didn't Bitpay use a chunk of their VC investment to buy BTC? What price was that at? They also hold (speculate) with BTC processed for merchant payments (just watch the addresses you send to....), so I could see them hurting from this price action.

That would be a bit daffy if they did. That shouldn't be the business they're in.

[NotHatinJustTrollin]

If you look around, everything bitcoin related is slowly starting to collapse.

It's funny.

[cisahasa]

this makes things look fishy..
after so called hack..what is bitstamps connection to ripple scam?

[cbeast]

This source indicates that Bitpay just laid off nine staff: http://qntra.net/2015/01/bitpay-lays-off-9-employees-today/

Given the reports from the Bitcoin Bowl, almost no one is spending their Bitcoins with brick & mortar merchants.

In other news... Ripple is hiring! https://www.ripplelabs.com/careers/

https://xrptalk.org/topic/5042-ripple-labs-in-talks-with-top-15-global-telcos/

https://xrptalk.org/topic/5041-updated-exec-summary-for-financial-institutions/


2015 will be the year of Ripple.

Ripple doesn't solve any problems. It's just another middleman charging more fees from your bank account. They don't have a store of value. They don't protect privacy. They can't be sent for free speech. Ripple doesn't do anything you can't do with fiat money. ApplePay will bury Ripple.

[Bit_Happy]

^^^
Ripple is hopeless since it is centralized and too confusing for mainstream users; BTC is sometimes confusing, but a free (open-source) market can make it easy to use.

[Omikifuse]

In stock market, when they fire employees the prices rise because they won't have to pay salaries.

Here we see nowhere but down trolling show.

If you think Bitpay is with financial troubles and you were a serious user, or at least a first class troll, you would use numbers and balances, not the fact they fired some people

[Omikifuse]

In stock market, when they fire employees the prices rise because they won't have to pay salaries.

Here we see nowhere but down trolling show.

If you think Bitpay is with financial troubles and you were a serious user, or at least a first class troll, you would use numbers and balances, not the fact they fired some people

[louisreel]

Ripple doesn't solve any problems. It's just another middleman charging more fees from your bank account. They don't have a store of value. They don't protect privacy. They can't be sent for free speech. Ripple doesn't do anything you can't do with fiat money. ApplePay will bury Ripple.

ApplyPay may do well this year, but it's largely a way of putting a bunch of your credit cards on your phone...doesn't seem all that exciting.  Any plans to use it for remittance?  Seems that's one of Ripple's potential edges.  It ain't easy for regular people to move money around the world cheap.  Bitcoin projects have tried to address it but not much so far.