Leading hacker-powered security platform, HackerOne has added cryptocurrency as a mode of payment by clients. The platform achieves this by partnering with the pioneer bitcoin and blockchain payment settlement platform, BitPay.
As a security platform, HackerOne operates by engaging in ethical hacking processes on the platforms of its clients. This procedure enables the company to attack their targets for the purpose of identifying possible vulnerabilities before they can be exploited by bad actors.
Over time, the US Department of Defense and several Fortune 500 and Forbes Global 1000 companies have trusted the services of HackerOne for the security of their platforms. Some of these top organizations include General Motors, Google, Twitter, GitHub, Nintendo, and Lufthansa, among several others.
Headquartered in San Francisco, HackerOne is an international organization with offices in London, New York, Singapore and the Netherlands. Outside the very Marquee clients mentioned above, the security outfit has served over 1,200 other organizations, and helped in resolving over 80,000 vulnerabilities, awarding over $35M in bug bounties.
As reported on business insider, the partnership between HackerOne and Bitpay will enable quicker and easier processing of payments from clients around the world, compared to existing settlement methods. Also, the method is favoured due to its economical advantage as a cheaper option with minimal fees.
“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.”
Through the BitPay crypto settlement procedures, HackerOne can now receive payments from its clients in Asia, Africa and Latin America. This is considered another breakthrough for the company because such regions were usually outside their jurisdiction due to complications in payment.
For the crypto community, this can be regarded as another breakthrough in terms of mainstream adoption. Cross-border payments and remittances are some of the most popular implementation of blockchain technology. With big organizations like HackerOne and its affiliates getting onboard the crypto vehicle, confidence on the innovative technology will skyrocket and more establishments shall be attracted towards blockchain solutions.
Iyke Aru is a seasoned author and educator in the blockchain and cryptocurrency industry. He has been in the business of crypto content writing for many years with thousands of his articles across several platforms on the internet. Iyke is based in Nigeria where he stands out as one of the most informed and credible figures in the cryptocurrency industry. Outside blockchain and crypto, you will most likely catch Iyke playing or discussing football with friends and family.