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BIPS logo
Initial releaseJuly 15, 2011 (2011-07-15)

BIPS (Bitcoin Internet Payment System) was a payment service provider that allowed its users to accept online bitcoin payments.[1][2][3] It was based in Denmark.

In 2013, the company lost 1,295 bitcoins (then worth around US$1 Million) in an online theft.[4][5] Kris Henriksen form BIPS – the CEP and one of the funders insists that this money, as well as the broken wallets belong to BIPS and have stored the reserve of the company.[6]

In 2014, the company was acquired by Coinify.[7]


  1. ^ "Fidor Bank, BIPS Team Up for Merchant Bitcoin Payments Initiative". CoinDesk.
  2. ^ "Bitcoin's skyrocketing value ushers in era of million dollar hacker heists". Wired UK. Archived from the original on March 7, 2016.
  3. ^ Jon Matonis (March 8, 2013). "A New Challenger in the Bitcoin Merchant Processing Race". PaymentsSource.
  4. ^ "Bitcoin Payment Processor BIPS Attacked, Over $1 Million Stolen". CoinDesk.
  5. ^ Lorenzo Franceschi-Bicchierai (November 25, 2013). "Cyberattack Leads to $1 Million Bitcoin Heist". Mashable.
  6. ^ "BIPS Attacked – 1 Million Dollars Missing". Cointelegraph. 25 November 2013.
  7. ^ "Coinify Raises Millions to Build Europe's Complete Bitcoin Solution". CoinDesk.