Half Year Report: 60% of World’s Bitcoin Merchants Are Using BitPay
Leading global bitcoin payment processor BitPay has published a half year report on bitcoin which covers growth of merchants, transactions, volume, etc. Today, over 100,000 merchants worldwide are accepting bitcoin. Out of the 100,000 bitcoin merchants, 60% are processing bitcoin payments through BitPay. The number of transactions in the 2nd quarter of 2015 for the European region has reached an all-time high of 102,221 transactions per quarter (34,074 per month). "Merchants in Europe use payments service providers to aggregate all those payment methods into one solution, but bitcoin....
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BitPay Inc, one of Bitcoin's lead payment processing companies, has just announced that it has surpassed 10,000 merchants. BitPay now provides services to merchants in 164 countries with approximately 50% in North America, 25% in Europe, and 25% in the rest of the World. During the month of August, BitPay processed over 10,000 transactions reaching a total value of over $6.4 million. As Bitcoin is becoming more mainstream many merchants are looking for expedient ways to sell products for BTC and BitPay is on the radar. With a Year-to-date in 2013 of over $34 million worth of bitcoins, a....
BitPay has now helped over 10,000 merchants across the world accept payments in bitcoin. The company, which was founded in 2011, only approved its 1,000th company this time last year, so it has experienced a huge surge in business over the past 12 months. Of the merchants that use BitPay, some 50% are located in North America and 25% are in Europe. Over 90% of the merchants using the payment service provider are ecommerce businesses, and BitPay also counts blogging platform WordPress among its clients. Tony Gallippi, co-founder and CEO of BitPay, said: "Our largest merchants are selling....
Payment processor BitPay recorded a record number of transactions during the 'Bitcoin Black Friday' event on 29th November, accounting for 6% of all bitcoin transactions on the day, according to an announcement from the company. "[The bitcoin economy] is soaring ... as merchants are seeing tremendous value in accepting bitcoin payments," said BitPay CEO Tony Gallippi. BitPay said it processed 6,296 bitcoin transactions on Black Friday this year. Transaction volume grew by just under 6,260% compared to a year earlier - BitPay processed 99 transactions on the same date last year. Merchants....
Bitcoin payments processor BitPay has revealed it is now processing an average of $1m worth of bitcoin payments per day. Coinbase and BitPay are currently the biggest bitcoin processors on the market and BitPay says it is serving the needs of over 30,000 businesses and organisations. The company's client list features a number of big names, including: Zynga, Virgin Galactic, WordPress, Gyft, Shopify and TigerDirect. Bitcoin adoption made easy. The basic idea behind bitcoin payments processors is simple - they allow merchants to accept bitcoin without having to handle bitcoins at all, as....
Bitcoin Black Friday has become a household name to Bitcoiners around the world, even those that don't celebrate Thanksgiving, the reason for Black Friday's commercial existence. Over the past year, larger and larger merchants have started experimenting with holding the bitcoins that they receive, or offering bitcoin discounts or even bitcoin-only deals. This year's Bitcoin Black Friday is likely to set a new standard for Bitcoin-only deals. Also read: The Future of Everyday Life with Digital Currencies. BitPay Reminds Bitcoin Merchants to Participate In Bitcoin Black Friday. Earlier this....