February 2019 Report & Analysis
February has flown by and although the shortest month of the year, a lot has happened. Plans are underway and we’re excited to be launching our brand new website soon. You’ll also be pleased to know that there is further progress with our UK/EU card programme launch — we’re in the process of testing card samples whilst working on some very cool designs for the card which we’re sure you’ll love. We’ll be able to share the deadline soon so stay tuned!
Find below insights into performances from the month just passed.
Total February 2019 revenue: € 130,575
February 2019 Revenue share: € 13,058
Share per 100 CPAY: € 0.014
Distribution date: March 8th, 2019
The crypto-currencies market started February 2019 at a fairly low point but recovered considerably well during the month. Bitcoin’s price has been discussed a lot this month and was approximately 3,000 EUR to begin with, it soon increased to almost 3,500 EUR according to all major exchanges. A strong crypto-market growth resulted into increased volumes of Cryptopay’s B2B customers; as a result, this stream of revenue has increased by 57% which brought B2B income to almost 80% of the total February 2019 proceeds.
As always, our B2B team are busy and will be participating in several events during March 2019. We continue to attract new clients and in the meantime our customers continue to steadily increase turnovers of both incoming and outgoing payments. Extensive plans are underway as we have initiated the integration process with one of the largest payment integrators in the industry. Through them, our service will become available to many of their merchants, which will help diversify business. We are finishing the integration with one, well-known gaming platform provider.
We continue to make progressive steps with our product and have released an updated payment acceptance widget that simplifies and speeds up the integration process when accepting payments on websites. We’re passionate about fine-tuning all areas of business and endeavor to provide a risk-scoring payment service for merchants. We’re seeing great results so far and will continue to improve and refine our service.
At Cryptopay we’re busy working on important internal infrastructural projects which we’re looking forward to revealing in due time. Relatively high volatility during February 2019 resulted in Cryptopay wallet revenue from B2C customers staying fairly flat in comparison to January 2019, however we know this is temporary. In fact, we’re excited to share that a new cryptocurrency is going to be added to the Cryptopay wallet this month! We will reveal which cryptocurrency it is in due time.
As we continue to grow as a business and as internal plans see the fruits of their labor over the course of the next few months, we expect to see further improvements. Whilst the number of B2C customers remains steady due to the absence of new products and features in Cryptopay wallet —we are confident this will change as bigger and better plans are well underway and as a result, our B2C revenue trend will follow such changes.
We hope February was as productive a month for you as it was for us. What are you hoping to achieve this month? Let us know in the comments below.