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