Bitpay Records $1 Billion In Crypto Transactions In 2018
Bitpay the worlds largest Blockchain based payment provider has stated it has processed $1 Billion in payments in 2018.
Many Clients have partnered with the Bitpay team over the year including Dish Networks, HackerOne, and the State of Ohio. Bitpay has also recorded a record year of Business 2 Business payments with as much as a 225% rise in revenues with IT vendors, Law Firms and marketing companies now accepting bitcoin as payment.
Bitpay has expanded and developed into a crypto payment sensation recording $1 billion worth of transactions with the CEO of Bitpay saying “BitPay’s B2B business continues to grow rapidly as our solution is cheaper and quicker than a bank wire from most regions of the world. To process over a $1 Billion for the second year in a row despite Bitcoin’s large price drop shows that Bitcoin is being used to solve real pain points around the world.”
With higher transactions coming through the system you’d think there would be more crypto wealth lost but it has successfully reduced the dollar volume lost in crypto to less than 1%.
Bitpay is the answer to everyday spending with cryptocurrencies for individuals and business, Adoption is coming thick and fast and we can expect the profit margins for Bitpay to increase going into 2019.