BIPS - Revision history

NotATether: BIPS: lead and infobox

2026-10-20T14:06:25Z

BIPS: lead and infobox

← Older revision		Revision as of 14:06, 20 October 2026
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	\| foundation = July 2011		\| foundation = July 2011
	\| location = Copenhagen, Denmark		\| location = Copenhagen, Denmark
			\| defunct = unknown
	\| website =		\| website =
	}}		}}

NotATether: BIPS: November 2013 theft with 2026 domain status.

2026-10-20T13:56:19Z

BIPS: November 2013 theft with 2026 domain status.

← Older revision		Revision as of 13:56, 20 October 2026
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	After that breach, BIPS wound down consumer wallet functions.		After that breach, BIPS wound down consumer wallet functions.

			As of July 2026, the historical bips.me domain still resolved and served merchant-gateway marketing that reused a July 2011 origin claim.<ref>[https://web.archive.org/web/20260725231812/https://bips.me/ Wayback Machine: bips.me, archived 25 July 2026]</ref>

	== See also ==		== See also ==

NotATether: Expand history; note Nov 2013 theft and wallet wind-down

2026-09-22T18:54:26Z

Expand history; note Nov 2013 theft and wallet wind-down

@@ Line 1: / Line 1: @@
-BIPS was a Payment Service Provider (PSP) specializing in the technical aspects of accepting cryptocurrencies - such as bitcoin.
+{{infobox company
-==Bitcoin Payment Solutions==
+'''BIPS''' was a Copenhagen-based bitcoin payment service provider and consumer wallet operator. It offered merchant plugins, hosted invoices, point-of-sale tools, and a consumer market to buy and sell bitcoins. The company was founded in July 2011.
-Provided services for merchants in 204 countries.
+== Merchant tools ==
-==Merchant Tools==
+== Consumer wallet ==
-For merchants using an eCommerce platform, choose between a wide range of bitcoin plugins. For merchants without an eCommerce solution, BIPS offered Hosted Invoices. Hosted Invoices could be used for both catalogue of items and a shopping cart with buttons and widgets per item. Also Hosted Invoices supported recurring billing in bitcoin, by emailing invoice links or using BIP70 Payment Requests.
+BIPS also provided a consumer market to buy bitcoins and to receive payouts to banks in various currencies. After the November 2013 breach described below, consumer wallet functions were wound down.
-===Point of Sale===
+== November 2013 theft ==
-BIPS delivered near field communication (NFC) to "make secure payments fast and convenient by simply tapping the phone on any BIPS-enabled point of sale at checkout. And the possibility of sending payment information via sound based on Chirp".
+In November 2013 BIPS was hit by a distributed denial-of-service attack and a follow-on intrusion. About 1,295 BTC, then worth over US$1 million, were stolen. CEO Kris Henriksen said most of the missing funds were from the company’s own holdings. Merchants who had chosen instant fiat conversion were not affected. Wallet functions were disabled while merchant payment services were restored.<ref name="cd">[https://www.coindesk.com/markets/2013/11/25/bitcoin-payment-processor-bips-attacked-over-1-million-stolen CoinDesk, 25 November 2013: Bitcoin Payment Processor BIPS Attacked, Over $1 Million Stolen]</ref><ref name="mash">[http://mashable.com/2013/11/25/cyberattack-leads-to-heist-of-1-million-in-bitcoin/ Mashable, 25 November 2013: Cyberattack Leads to $1 Million Bitcoin Heist]</ref>
-BIPS POS NFC could be used with the following devices:
+After that breach, BIPS wound down consumer wallet functions.
-Phones
+== See also ==
-    HTC One on Sprint
+== External links ==
-    HTC One SV on Boost Mobile
+* [https://www.coindesk.com/markets/2013/11/25/bitcoin-payment-processor-bips-attacked-over-1-million-stolen CoinDesk breach report]
-Tablets
+== References ==
-    Asus Nexus 7
+[[Category:Defunct exchanges]]
-    Samsung Nexus 10
+[[Category:Defunct companies]]
+[[Category:Defunct services]]

AllEd01: grammar

2022-09-26T09:11:55Z

grammar

← Older revision		Revision as of 09:11, 26 September 2022
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	==Merchant Tools==		==Merchant Tools==
	For merchants using an eCommerce platform, choose between a wide range of bitcoin plugins. For merchants without an eCommerce solution, BIPS offered Hosted Invoices. Hosted Invoices could be used for both catalogue of items and shopping cart with buttons and widgets per item. Also Hosted Invoices supported recurring billing in bitcoin, by emailing invoice ~~link~~ or using BIP70 Payment Requests.		For merchants using an eCommerce platform, choose between a wide range of bitcoin plugins. For merchants without an eCommerce solution, BIPS offered Hosted Invoices. Hosted Invoices could be used for both catalogue of items and a shopping cart with buttons and widgets per item. Also Hosted Invoices supported recurring billing in bitcoin, by emailing invoice links or using BIP70 Payment Requests.

	===Point of Sale===		===Point of Sale===
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	===Former business model===		===Former business model===

	BIPS didn't charge merchants for accepting Bitcoin online or with point of sale as payment for merchandise, but ran a 0% Payment Processing Fees, and planned to make money by the conversion spread.		BIPS didn't charge merchants for accepting Bitcoin online or with the point of sale as payment for merchandise, but ran a 0% Payment Processing Fees, and planned to make money by the conversion spread.

	===Settlement===		===Settlement===

	Exchanged bitcoins were sent to customer's bank account in 1-5 business days. With the possibility of setting a % to be transferred, or simply keeping bitcoin.		Exchanged bitcoins were sent to the customer's bank account in 1-5 business days. With the possibility of setting a % to be transferred, or simply keeping bitcoin.

	Motto: sell for $100, see $100 deposited into your bank*		Motto: sell for $100, see $100 deposited into your bank*
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	===Sell Bitcoins===		===Sell Bitcoins===

	You could receive payouts to ~~bank~~ in any currency to any ~~countries~~.		You could receive payouts to banks in any currency in any country.

	==History==		==History==

Ikinoki at 17:03, 11 June 2020

2020-06-11T17:03:31Z

← Older revision		Revision as of 17:03, 11 June 2020
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	==References==		==References==
	<references>		<references>
	~~<ref name="BIP70_Payment_Requests">[https://bips.me/merchants#hosted-invoices Hosted Invoices]</ref>~~
	~~<ref name="Zero_Payment_Processing_Fees">[https://bips.me/merchants 0% Payment Processing Fees]</ref>~~
	<ref name="Dead">[http://mashable.com/2013/11/25/cyberattack-leads-to-heist-of-1-million-in-bitcoin/ Lorenzo Franceschi-Bicchierai (November 25, 2013). "Cyberattack Leads to $1 Million Bitcoin Heist". Mashable.]</ref>		<ref name="Dead">[http://mashable.com/2013/11/25/cyberattack-leads-to-heist-of-1-million-in-bitcoin/ Lorenzo Franceschi-Bicchierai (November 25, 2013). "Cyberattack Leads to $1 Million Bitcoin Heist". Mashable.]</ref>
	</references>		</references>

Ikinoki: It's dead...

2020-06-11T17:03:09Z

It's dead...

← Older revision		Revision as of 17:03, 11 June 2020
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	BIPS is Payment Service Provider (PSP) specializing in the technical aspects of accepting cryptocurrencies - such as bitcoin.		BIPS was a Payment Service Provider (PSP) specializing in the technical aspects of accepting cryptocurrencies - such as bitcoin.

	==Bitcoin Payment Solutions==		==Bitcoin Payment Solutions==

	~~Providing~~ services for merchants in 204 countries		Provided services for merchants in 204 countries.

	==Merchant Tools==		==Merchant Tools==
	For merchants using an eCommerce platform, choose between a wide range of ~~[https://bips.me/plugins~~ bitcoin plugins]. For merchants without an eCommerce solution, BIPS ~~offers~~ Hosted Invoices. Hosted Invoices ~~can~~ be used for both ~~catalog~~ of items and shopping cart with buttons and widgets per item. Also ~~[https://bips.me/merchants#hosted-invoices~~ Hosted Invoices~~] supports~~ recurring billing in bitcoin, by emailing invoice link or using BIP70 Payment Requests. ~~<ref name="BIP70 Payment Requests" />~~		For merchants using an eCommerce platform, choose between a wide range of bitcoin plugins. For merchants without an eCommerce solution, BIPS offered Hosted Invoices. Hosted Invoices could be used for both catalogue of items and shopping cart with buttons and widgets per item. Also Hosted Invoices supported recurring billing in bitcoin, by emailing invoice link or using BIP70 Payment Requests.

	===Point of Sale===		===Point of Sale===
	BIPS ~~can deliver~~ near field communication (NFC) to "make secure payments fast and convenient by simply tapping the phone on any BIPS-enabled point of sale at checkout. And the possibility of sending payment information via sound based on Chirp.		BIPS delivered near field communication (NFC) to "make secure payments fast and convenient by simply tapping the phone on any BIPS-enabled point of sale at checkout. And the possibility of sending payment information via sound based on Chirp".

	BIPS POS NFC ~~can~~ be used with the following devices:		BIPS POS NFC could be used with the following devices:

	Phones		Phones
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	Samsung Nexus 10		Samsung Nexus 10

	===~~Business~~ model===		===Former business model===

	BIPS ~~doesn~~'t charge merchants for accepting Bitcoin online or with point of sale as payment for merchandise, but ~~run~~ a 0% Payment Processing Fees ~~<ref name="Zero Payment Processing Fees" />~~, and ~~plans~~ to make money by the conversion spread.		BIPS didn't charge merchants for accepting Bitcoin online or with point of sale as payment for merchandise, but ran a 0% Payment Processing Fees, and planned to make money by the conversion spread.

	===Settlement===		===Settlement===

	Exchanged bitcoins ~~are~~ sent to ~~your~~ bank account in 1-5 business days. With the possibility of setting a % to be transferred, or simply ~~keep~~ bitcoin.		Exchanged bitcoins were sent to customer's bank account in 1-5 business days. With the possibility of setting a % to be transferred, or simply keeping bitcoin.

	~~Sell~~ for $100, see $100 deposited into your bank*		Motto: sell for $100, see $100 deposited into your bank*


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	===Buy Bitcoins===		===Buy Bitcoins===

	~~[https://bipsmarket.com Buy~~ Bitcoins] from any country in the world.		BIPS provided a now defunct market to buy Bitcoins from any country in the world.

	===Sell Bitcoins===		===Sell Bitcoins===

	~~Receive~~ payouts to bank in any currency to any countries.		You could receive payouts to bank in any currency to any countries.

	==History==		==History==

	With experience in Bitcoin since 2010, BIPS was founded in July 2011		With experience in Bitcoin since 2010, BIPS was founded in July 2011.

			In 2013, the company lost 1,295 bitcoins (then worth around US$1 Million) in an online theft <ref name="Dead" />

			After the heist company did not provide any refunds and never recovered.

	==See Also==		==See Also==
	* [[Bitcoin Ladder]]		* [[Bitcoin Ladder]]

	~~==External Links==~~
	* [[File:BIPS.gif\|20px\|link=https://bips.me]] [https://bips.me BIPS] website
	* [[File:BIPS.gif\|20px\|link=https://bips.me/api]] [https://bips.me/api REST API]
	* [[File:BIPS.gif\|20px\|link=https://bips.me/connect/Quickstart.pdf]] [https://bips.me/connect/Quickstart.pdf Quickstart]
	* [[File:BIPS.gif\|20px\|link=https://bips.me/plugins]] [https://bips.me/plugins eCommerce Plugins]

	==References==		==References==
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	<ref name="BIP70_Payment_Requests">[https://bips.me/merchants#hosted-invoices Hosted Invoices]</ref>		<ref name="BIP70_Payment_Requests">[https://bips.me/merchants#hosted-invoices Hosted Invoices]</ref>
	<ref name="Zero_Payment_Processing_Fees">[https://bips.me/merchants 0% Payment Processing Fees]</ref>		<ref name="Zero_Payment_Processing_Fees">[https://bips.me/merchants 0% Payment Processing Fees]</ref>
			<ref name="Dead">[http://mashable.com/2013/11/25/cyberattack-leads-to-heist-of-1-million-in-bitcoin/ Lorenzo Franceschi-Bicchierai (November 25, 2013). "Cyberattack Leads to $1 Million Bitcoin Heist". Mashable.]</ref>
	</references>		</references>

Davidhedlund: /* References */

2017-06-10T20:57:39Z

References

← Older revision		Revision as of 20:57, 10 June 2017
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	</references>		</references>

			[[Category:Defunct exchanges‏‎]]
	[[Category:Clients‏‎]]		[[Category:Clients‏‎]]
	[[Category:ECommerce‏‎]]		[[Category:ECommerce‏‎]]
	[[Category:EWallets‏‎]]		[[Category:EWallets‏‎]]
	[[Category:Economics‏‎]]		[[Category:Economics‏‎]]
	~~[[Category:Exchanges‏‎]]~~
	[[Category:Financial‏‎]]		[[Category:Financial‏‎]]
	[[Category:Shopping Cart Interfaces]]		[[Category:Shopping Cart Interfaces]]
	[[Category:Payment Processors]]		[[Category:Payment Processors]]
	[[Category:Bitcoin payment systems]]		[[Category:Bitcoin payment systems]]

Gladoscc: Removed uncited claim

2014-09-23T14:54:16Z

Removed uncited claim

← Older revision		Revision as of 14:54, 23 September 2014
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	BIPS is ~~one of the largest bitcoin payment solution providers. BIPS operates as a~~ Payment Service Provider (PSP) specializing in the technical aspects of accepting cryptocurrencies - such as bitcoin.		BIPS is Payment Service Provider (PSP) specializing in the technical aspects of accepting cryptocurrencies - such as bitcoin.

	==Bitcoin Payment Solutions==		==Bitcoin Payment Solutions==

WalletBit at 08:32, 25 May 2014

2014-05-25T08:32:24Z

← Older revision		Revision as of 08:32, 25 May 2014
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	With experience in Bitcoin since 2010, BIPS was founded in July 2011		With experience in Bitcoin since 2010, BIPS was founded in July 2011

			==See Also==
			* [[Bitcoin Ladder]]

	==External Links==		==External Links==

WalletBit: /* References */

2014-05-25T08:30:22Z

References

← Older revision		Revision as of 08:30, 25 May 2014
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	==References==		==References==
	<references>		<references>
	<ref name="~~BIPS~~">[https://~~BIPS~~.me/ ~~BIPS~~]</ref>		<ref name="BIP70_Payment_Requests">[https://bips.me/merchants#hosted-invoices Hosted Invoices]</ref>
			<ref name="Zero_Payment_Processing_Fees">[https://bips.me/merchants 0% Payment Processing Fees]</ref>
	</references>		</references>