Bitcoin payments infrastructure BitPay announced a 328% increase in Bitcoin payments and readiness for an annual bitcoin payment volume of $1 billion.
BitPay, in a blog post it published, touched on how much the Bitcoin rate has increased in 9 years and how much Bitcoin payments have increased with the 6-year BitPay work;
The world’s As the leading bitcoin payments platform, we take an in-depth look at how bitcoin solves real payment problems. We’ve had significant growth this year to the extent that we’ve helped solve these issues. We are ready to process over $1B annually in Bitcoin payment acceptance and payments, and have seen 328% year-on-year growth in payments volume since 2016.
Substantial momentum since initial launch Stating that it has achieved success, the company also added that it has made serious profits from this acceleration and that its team has made investments for growth with each passing day.
Monthly Bitcoin payment volume has reached 110 million dollars
Precious metal from electronics sales BitPay, which serves many merchants until its purchase, stated that the total monthly Bitcoin payment volume has risen to 110 million dollars.
NewEgg, a major electronics and long-time BitPay merchant, doubled its bitcoin sales last year. Other BitPay merchants also had a prosperous year; many merchants pay over $1 million a month. Precious metals broker JM Bullion earned around $4 million in bitcoin sales alone in June. 2 states that they also get rid of credit card commissions such as 3%.
Traders in the Asia-Pacific region account for a significant portion of their monthly bitcoin transactions. It continues to expand into this region thanks to BitPay’s partnership with AsiaPay. AsiaPay is one of the largest payment processors in Asia and serves customers such as Cathay Pacific, Nike, Tesla and Under Armor. Companies like these can now choose to easily accept currency exchanges from Asian customers by enabling AsiaPay’s BitPay integration. we continue. Our partnership with PayU in Latin America allows international businesses to collect bitcoin payments (as well as credit card, debit, and other local methods) in countries such as Argentina. PayU customers also have access to BitPay’s B2B invoice, which has already helped resolve the friction of cross-border payment transactions in the region. /p>
What Does the President Trump Administration Think About Cryptocurrencies?