BitPay, a payment service provider (PSP) specializing in e-commerce, B2B and enterprise solutions for the bitcoin digital currency, has expanded its San Francisco office with several new hires.
The company has named Sonny Singh as its chief commercial officer to oversee all sales operations. With more than 15 years of experience in helping to grow tech companies, Singh will be responsible for increasing BitPay’s customer base of more than 40,000 merchants.
Previously, Sonny was part of the founding sales team at Jumio as the VP of sales and business development, where he was responsible for building and managing the sales team that signed up thousands of merchants including five of the top ten consumer Internet companies.
“BitPay offers merchants a no-risk way to increase revenue while decreasing interchange costs and credit card fraud,” Singh said. “When I looked at the amazing growth rate BitPay has been experiencing, I realized bitcoin is a movement that is going to change ecommerce forever.”
Singh has more than 15 years’ of experience in Silicon Valley and previously worked at InMage Systems and Niku which were acquired by Microsoft and Computer Associates, respectively.
“Sonny’s experience in Silicon Valley makes him the perfect candidate to build out our San Francisco office,” said Tony Gallippi, co-founder and executive chairman of BitPay. “While BitPay is used by global enterprises, it’s also designed and priced so technology startups can go live quickly.”
In addition to Singh, BitPay has selected Steve Pratt to serve as director of business development. Pratt formerly worked at Visa for 21 years as a vice president in the healthcare markets industry. He earned his bachelor of science from the University of Arizona.
BitPay has also added Gregg Zigler as a senior software engineer. Zigler has spent 10 years working on PayPal’s foreign exchange architecture.
Worldwide, BitPay has grown to more than 60 employees.