Stephanie Sum
Submitted by Stephanie Sum on

Continues Options for Cryptocurrency Payments Important to HackerOne Customers

SAN FRANCISCO & ATLANTA-- October 1, 2018 --HackerOne, the leading hacker-powered security platform, is the first bug bounty platform to accept Bitcoin and Bitcoin Cash from clients around the world. HackerOne has implemented BitPay, the largest global blockchain payments provider to help process these payments for its clients worldwide. Founded in 2012, HackerOne works with global brands like General Motors, Lufthansa, Starbucks, and Spotify to find critical software vulnerabilities through bug bounty and vulnerability disclosure programs. HackerOne has the largest community of hackers and security experts around the world and has helped its customers award hackers over $35M for safely reporting over 80,000 security vulnerabilities before criminals could exploit them.

“Many of our customers have come to rely on making payments in cryptocurrency as it is quickly becoming a popular payment method,” said Ning Want, Chief Financial Officer and Chief Operating Officer, HackerOne. “It was important to us to continue to offer Bitcoin and Bitcoin Cash to our customers and we can do that through BitPay.”

BitPay enables HackerOne to receive international payments faster and more economically than traditional bank wires. HackerOne customers can skip costly, complicated cross-border wire transfers and receive or send international payments with BitPay with accuracy, reduced fraud risk and quick bank settlement. Bitcoin payments dramatically reduce the friction, cost, and time of cross-border business to business payments. HackerOne customers who select the BitPay cross-border solution pay a fee of one percent for this transaction and can receive the cross-border confirmation in one business 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,” said Sonny Singh, Chief Commercial Officer of BitPay. “HackerOne has a great reputation of product innovation and accepting Bitcoin payments is another example of that.”