BitPay to aid HackerOne in sending and receiving Bitcoin payments
HackerOne, hacker-powered security platform is the first bug bounty platform to accept Bitcoin and Bitcoin Cash. To process payments to its clients, the security platform has implemented Bitpay, the largest blockchain payments provider globally.
Some of HackerOne’s clients include General Motors, Lufthansa, Starbucks, and Spotify. HackerOne helps these clients by finding certain software vulnerabilities that are critical in nature through these bug bounty programs.
Hackers through HackerOne have helped their clients spot more than 80,000 security breaches before any criminal could exploit them. In return, they were awarded $35 million, according to a press release.
“Many of our customers have come to rely on making payments in cryptocurrency as it is quickly becoming a popular payment method. It was important to us to continue to offer Bitcoin and Bitcoin Cash to our customers and we can do that through BitPay,” said Ning Want, Chief Financial Officer, and Chief Operating Officer.
BitPay will help HackerOne to receive international payments quicker and more economically than other traditional bank wires. With BitPay, HackerOne customers can send or receive international payments with accuracy, quick bank settlement, and reduced fraud risk. They can also skip expensive, complex cross-border wire transfers. Bitcoin payment makes it easier to use because it is helpful in reducing time and cost cutting of cross-border business to business payments. HackerOne customers willing to pay through BitPay will pay a fee of one percent per transaction and can receive the cross-border confirmation in one working 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. HackerOne has a great reputation for product innovation and accepting Bitcoin payments is another example of that,” said Sonny Singh, Chief Commercial Officer, BitPay.
Image via Shutterstock
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