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BitPay Becomes World's First SOC 2 Compliant Crypto Payment Processor

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Mon, 09/30/2019 - 18:46
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  • BitPay has successfully completed a security compliance review that was conducted by accounting firm Aprio

Cover image via U.Today

BitPay, the leading cryptocurrency payment provider, has made an announcement about completing the System and Organization Controls 2 (SOC2) examination, which was conducted by Atlanta-based accounting firm Aprio.  

Thus, BitPay becomes the first crypto company in its niche to reach this level of security compliance. This provides reassurance that the company adheres to the highest security standards.  

To achieve SOC 2 compliance required a significant amount of preparation and continuous ongoing review of BitPay’s processes and we are inspired by these results,” said Stephen Pair, CEO of BitPay.

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Back in January, Gemini became the first cryptocurrency exchange to achieve the same feat, which proved the Winklevoss twins’ determination to put security first.

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.

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