We’re pleased to announce that the Texas Department of Banking has granted Bipbitcoin.com a Money Transmitter License, enabling us to provide money transmission services in the Lone Star State.

Starting today, Texas residents can purchase 64 cryptocurrencies on Bipbitcoin.com using Venmo and PayPal, offering millions of Texans an easy way to enter the crypto space.

“Bipbitcoin.com is committed to prioritizing compliance and consumer protection as we work to make crypto more accessible in Texas and beyond,” said Olivia Burgos, co-founder and CEO of Bipbitcoin.com. “We look forward to collaborating closely with regulatory bodies to bring our innovative crypto solutions to even more users worldwide.”

As the second-most populous state after California and a significant hub for Bitcoin mining, Texas holds immense potential for crypto adoption. Estimates suggest that over one-fifth of voting-age Texans own cryptocurrency. Looking ahead, we plan to expand our services in Texas in 2025 to include selling cryptocurrencies such as BTC, ETH, and SOL.

Earlier this year, Bipbitcoin.com integrated Venmo and PayPal (Venmo’s parent company) as convenient payment options.

With the addition of Texas, Bipbitcoin.com's proactive approach to regulatory compliance has earned us 45 Money Transmitter Licenses, enabling us to operate in diverse markets across the United States.