BitPay Adds Former PayPal and Western Union Executive for Blockchain B2B & MassPay Development

BitPay has hired Rolf Haag as the Head of Business Solutions as it sets itself to strengthen its position in an increasingly competitive market. The announcement was made on 7th November and the appointment takes place effective immediately.

Harnessing Professionalism And Experience

The latest announcement by BitPay comes as big news considering Rolf Haag’s professional standing. Mr. Haag has spent over 20 years developing some of the leading global financial payment products. He holds a BS in Management Science from the University of California. He also has an MBA from Santa Clara University and has won several awards for his expertise and achievements.

Rolf Haag worked at Western Union as the Director of Global Mass Payments prior to joining BitPay. His responsibilities included defining and developing Business-to-Business and Business-to-Consumer global payment solutions. He was also responsible for coming up with future market operations strategies.

Mr. Haag has also worked at PayPal in similar positions. Most notably, he was responsible for overseeing the operations and developments of PayPal Mass Payments, a global payments system. The system consistently grew 20-40% annually under Mr. Haag’s leadership and facilitates the transaction of billions of dollars today.

Stephen Pair, the Co-founder and CEO of BitPay was confident of Mr. Rolf Haag’s capability handling his new docket. He was particularly confident of Mr. Haag’s expertise and experience in financial technology.

Fortifying A Leading Position

BitPay is already the world’s largest Blockchain payments provider. Its B2B payments system is its fastest-growing department – it registered its highest sales in October this year. However, other solutions are coming up fast and may soon threaten BitPay’s position as a global leader.

BitPay hopes to improve its services and attract more clients through the input of Mr. Rolf Haag. Apparently, it has a lot of room for growth and expansion according to Mr. Haag. Mr. Haag said that the situation at BitPay closely resembles the situation at PayPal when he joined the firm.

He is counting on the growing Bitcoin market – and a growing cryptocurrency market in general – to grow and expand BitPay’s position. This is because Bitcoin’s popularity is growing thanks to its global utility, security, privacy, and transparency, among other traits. What’s more, BitPay has harnessed all these benefits and conveniences to become the leading service provider in the industry.

BitPay is most popular for its affordable services. It charges just 1% of the total transaction amount for transactions of all sizes ranging from as little as $50,000 to as much as $5 million.

Its transactions are also quick and take a maximum of 1 business day to complete regardless of the size. What’s more, it serves a global customer base and facilitates safe and secure global transactions, hence its position as a global industry leader.

Conclusion

The recent appointment of Rolf Haag as the Head of Business Solutions at BitPay is expected to boost the company’s competitive edge in the market.

He brings to the table over 20 years of experience in financial technology and promises to harness the company’s strengths and opportunities soon.

Publication date: 
11/08/2018 - 21:28
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