March 2019 Report & Analysis
We’re already approaching the end of the first quarter of the year and the team at Cryptopay have a lot to update you on. Our new website is currently under construction and due to be launched shortly. As well as a brand new website design and interface, it promises to have an even more user friendly navigation and we’ll have lots of new content to share with you, including the latest cryptocurrency and Blockchain news as well as lifestyle and finance advice. Firstly, let’s look at the numbers for March 2019:
The Numbers
Total March 2019 revenue: € 145,632
March 2019 Revenue share: € 14,563
Share per 100 CPAY: € 0.016
Distribution date: April 8th, 2019
Analysis
During March 2019, Bitcoin was trading comfortably between 3,300 EUR and 3,700 EUR and gradually grew over the course of the month. As we now know, it was only the beginning of a great rally that will hopefully continue further and hit new maximums soon!
Such events within the cryptocurrencies market was immediately reflected in the company’s turnover; bringing the revenue to almost a 10% higher result than the previous month. This increase has been first of all driven by the B2B customers whose numbers increased by a couple of new merchants (and they are those who have already gone live with Cryptopay’s service — more merchants are in the integration pipeline so we expect the numbers to grow further).
In other news, B2C revenue stays relatively stable for the 3rd month in a row, with the same structure inside it — our wallet plays a major role in the turnover while card deposits bring roughly 20% from the entire B2C figure. We planned to enjoy B2C products growth in March 2019 due to the new cryptocurrency introduction into the wallet but had to postpone the launch shortly simple due to high priority internal releases.
We are looking forward to seeing positive dynamics in the current month as several new customer-facing features are coming soon!
B2B Updates
The B2B team are preparing to participate in several events including Arabian Travel Market; the international travel and tourism event taking place in Dubai from 28th April until 1st May we hope this event will enable our B2B team to network with and discuss business potential within the Middle East.
Our B2B team will also be attending the Malta AI & Blockchain Summit from 23rd — 24th May where 100s of stakeholders in AI, Big Data, Blockchain, IoT and Quantum Technologies will be in attendance.
From our previous experience attending such events, we expect new leads and interesting partnerships as a result of being there. The company also continues technical on-boarding for a number of already contracted customers — it looks like summer is going to be very hot in terms of B2B revenue growth!
B2C Updates
Our B2C team are very busy working on internal projects that we will be sharing about in due course. We have officially agreed on the final design for our new card, our customers will be seeing designs of our new cards soon — we’re excited to share this!
We hope March 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.
