BitPay Processes More Volume, Transaction Count Remains Unchanged

Tyler Hromadka

Source: Adobe/Tierney.

In the first quarter this year, US-based significant crypto payments business BitPay processed 10% more volume in USD, compared to the last 3 months of 2019, while the variety of deals stayed unchanged.

It consists of all cryptoassets the business supports, with bitcoin (BTC) representing the biggest part, BitPay’s Chief Marketing Officer (CMO) Expense Zielke informed without defining. Secret verticals driving this boost were financial services, currency exchange, computer software application and engineering, and IT services. These saw boosts by 11%-40%, Zielke stated, including that the business prepares to release its statistics page later on this summertime.

Likewise, regardless of the turbulence in the financial markets in addition to the ever-changing cost of BTC, the variety of processed deals through BitPay stayed unchanged, Zielke stated, without supplying numbers. According to him, throughout the Coronavirus pandemic-caused seclusion and house quarantines, with people being required to remain home, they continue to go shopping through ecommerce and online channels. GiftCards “have also seen large spike as people have been buying a lot more gift cards from the BitPay app or gift card sites like,” Zielke stated.

BTC cost in 4Q19 and 1Q20:

When it comes to brand-new patterns, BitPay have actually seen a boost in costs in the UK and Europe in particular business specific niches, consisting of domain hosting business like Namecheap, video game companies like Microsoft Xbox, and shipment services like, all of which have actually seen their volumes gradually increase, according to the CMO.

Recently, the business stated it onboarded Beliani, a Europe-based web-only international seller of furnishings and home devices, that had more than 1 million clients throughout 16 countries in Europe.

Besides BTC, BitPay supports etherum (ETH), bitcoin money (BCH), XRP, in addition to 4 dollar- pegged stablecoins, USD coin (USDC), gemini dollar (GUSD), paxos requirement token (PAX), and binance USD (BUSD).

BitPay processed USD 1 billion in deals in 2018, or second year in a row.

Learn more:
BitPay to Allow Merchant Payments From All Bitcoin Wallets
BitPay vs BTCPay: Which Bitcoin Payment Processor is Right for Your Business?

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