• Mon, 22 Jul 2019, 08:17 PM
  • All times are UTC
  • Edition:
    International
Copy link
Increase text size
Decrease text size
Link copied

Former Western Union and PayPal Executive Rolf Haag joins bitcoin startup BitPay

Thu, 08 Nov 2018, 05:17 am UTC

Bitcoin payments processor BitPay has announced that Rolf Haag is joining the company as the Head of Business Solutions.

Haag, with close to 20 years of experience in financial technology, will be a valuable addition to BitPay. He has built and grown global payments products at Western Union and PayPal.

At Western Union, Haag served as the Director of Global Mass Payments and built a global mass payments business and underlying product, including defining the global B2B and Business-to-Consumer (B2C) mass payments vision, product and go to market strategies. At PayPal, he held several product management positions and most recently owned PayPal Mass Payment global disbursements engine.

As the Head of Business Solutions at BitPay, Haag will be responsible for managing the company’s Business-to-Business (B2B) and Mass Payments businesses.

“BitPay’s B2B payments solution is our fastest growing product and just had its highest sales month ever in October,” said Stephen Pair, CEO and co-founder of BitPay. “Rolf’s background is an asset to BitPay and will help us accelerate the success of our B2B and Mass Payments businesses globally.”

Haag said that he sees “striking similarities” in early PayPal adoption and BitPay adoption particularly among businesses paying their global suppliers.

“Bitcoin is ground breaking for global B2B and Mass Payments, because its cheaper, quicker and more transparent than bank wires or PayPal. BitPay compliantly delivers these benefits while eliminating Bitcoin price risk. I’m beyond excited to bring these benefits to businesses around world,” he said.


BitPay’s mass payments product allows global marketplaces to pay out their customers in Bitcoin for only a 1% fee to any non-sanctioned country in the world. In April, the company raised $40 million in series B round led by Aquiline Technology Growth (ATG), which brought the total funding to date to over $70 million.

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $10,249.30 (-2.33%)
  • Ethereum (ETH) $215.33 (-2.90%)
  • XRP (XRP) $0.320700 (-2.19%)
  • Litecoin (LTC) $94.25 (-3.98%)
  • Bitcoin Cash (BCH) $305.94 (-3.59%)
  • Bitcoin (BTC) $10,249.30 (-2.33%)
Jul 22, 2019 (Monday)
12:20
Crypto Technicals: IOT/USD recovery fails shy of 200-DMA, downside resumption likely
12:20
Former Token Foundry head begins process to sue Joseph Lubin for $13M
11:39
Blockchain firm R3 pushes for more Corda sales with new hire
11:26
South Korean citizen unaffiliated to Samsung files trademark application for 'Samsung Coin'
10:46
Former Russian crypto executive arrested in Italy
09:19
Blockchain startup Diana to launch 'lunar registry' to divide and tokenize the moon
08:39
Crypto Technicals: ETC/USD confirms 'Golden Cross' on hourly charts, eyes 21-EMA at 6.722
07:46
Iran finalizes power tariff scheme for crypto miners but no license for importing mining equipment yet
07:42
Crypto firm FairX closes digital doors due to lack of funding
06:34
Thailand shows less hostility towards Libra compared to other countries
06:23
European Central Bank official says calm down about stablecoin
05:42
No official ban on cryptocurrency yet, Indian Minister clarifies
05:16
Electric firm E.ON applies patent for blockchain-based data collector device
05:02
Accounting giant KPMG partners with Microsoft, TOMIA, and R3 for blockchain-based telecom solutions
04:06
Fidelity Digital Assets applies for trust license in New York: Report
Jul 19, 2019 (Friday)
11:17
Crypto Technicals: XRP/USD grinds lower along 200H SMA, break below 5-DMA to see further weakness
11:12
Binance Jersey announces listing of GBP-backed stablecoin ‘BGBP’
10:32
Rape and sexual harassment case against bitcoin developer blows up
10:15
New Jersey accuses blockchain firm Pocketinns of selling $410K unregistered securities
09:59
Crypto Technicals: LTC/USD struggles at 110-EMA, bias bearish
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft