BitPay Reports Record Bitcoin Transactions on Black Friday
"We are seeing record [bitcoin] transaction volume today." Eight words that speaks for itself. Popular bitcoin payment processor this morning posted a tweet that noted today's been a record day for them in terms of transactions. Unfortunately, the tweet doesn't include numbers of any kind, but it's certainly no surprise, given that it's black friday. And it's not only black friday. It's the first black friday since bitcoin has begun to take off, and more and more merchants have begun to accept the digital currency. The real test will be to see where we'll be one year from today. Will the....
Related News
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....
Digital currency processor BitPay has today released some impressive statistics from the Bitcoin Black Friday event that took place this past Friday. Bitcoin Black Friday, as the name would suggest, is a play on the traditional Black Friday shopping day, in which retailers heavily discount their prices. Likewise, many businesses online that accept Bitcoin joined in on the fun, and so Bitcoin Black Friday was born. The payment processor said that on November 29th, they processed 6,296 transactions - making the day the most popular in the history of "bitcoin commerce", as noted by the BitPay....
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....
While cryptocurrencies have seen their values rise significantly during the last three months many digital asset holders will be spending their tokens for holiday gifts and Black Friday deals. Bitcoin Black Friday will be on November 26 this year and the crypto payments firm Bitpay has announced a slew of merchants that will offer deals for shoppers paying with digital assets.
Bitpay Merchants Offering Black Friday Deals
The world’s largest cryptocurrency payments provider Bitpay has revealed a number of merchants the company is partnered with that will offer deals for....
Late last night, Tony Sakich - Marketing Manager at BitPay - announced the results from the latest incarnation of "Bitcoin Black Friday". Named after the date that high street retailers generally shift their accounts from red (debt) to black (credit) the traditional Black Friday is known as a daywear retail activity spikes through the offering of large discounts on particular products. Bitcoin Black Friday is the digital currency-sphere's take on this event, and its results have been logged for the last two years by BitPay. There were a few key takeaways, highlighted below: This year we....