As cryptocurrencies continue to draw the attention of the traditional media, some of the indigenous companies in the industry have also come to the fore. Bitcoin payment processing company BitPay is one of 499 other major technology companies.
The accounting firm Big Four Deloitte considers BitPay to be one of the top 500 high-tech companies in North America, according to the Technology Fast 500 list. BitPay announced in a public statement on Wednesday. BitPay is at position 341, surpasses the powerful social media company Pinterest, which ranks 348th.
“”The ranking is based on the submitted applications and the examination of databases of public companies. Winners will be selected on the basis of percentage growth for the year over a three year period, ”according to the Deloitte website.
Arrowhead Pharmaceuticals leads the prestigious group with a massive 106.508% growth. BitPay ranks 341th and has a growth of 290%. Media streaming device provider Roku is below at position 483.
“”To be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual technology that is sold to customers in products that make up most of the company’s operating income“says the statement.
“”Organizations must have base year operating income of at least $ 50,000 and current year operating income of at least $ 5 million. “added the statement.
“Furthermore, Companies must have been in operation for at least four years and be based in North America“.
The means of communication Red Herring also put BitPay on its own list as one of the top 100 finalists among North American private companies in technology or life sciences.
On Wednesday its growth continues, BitPay announced more opportunities for businesses looking to take advantage of cryptocurrency payments.
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