News

Bitpay Volume surpasses of 328% today

In Bitcoin payments, Bitpay is ahead to process $1 bln per year. Noticeably, its annual growth is combines of 328%.

According to the Monday blog post, the flagship Bitcoin payments gateway said it had seen a “major growth” in the last year. Particularly, the majority of activity is stemming from its US market.

The company confirms,

“We’re now on pace to process over $1 bln annually in Bitcoin payment acceptance and payouts, and we’ve already grown our payments dollar volume 328 percent year-over-year from 2016”.

This year BitPay announcing exclusive partnerships like multimillion-dollar Dubai Aston Plaza real estate project with the UK’s Baroness Mone. However, with over $4000 remaining bitcoin, business is booming for merchants globally increased regulatory clarity. Therefore, there is a drastic effort from Japanese to increase its merchants’ acceptance of Bitcoin is sustainable.

Also Read: Bitcoin Cash new version of Copay Wallet and Insight Block Explorer: Bitpay

BitPay commented on the growth in the sector,

“Merchants in the Asia-Pacific region now receive a significant portion of our monthly transactions”.

However, announcement of Bitcoin acceptance by major corporations remain few. This week, a rumor that Amazon would finally begin accepting the virtual currency was disclosed as fake news.

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Kerin

Kerin is active blogger and guest writer at Coinpedia. She loves writing new updates, price fluctuations and possible insights. Kerin frequently search, review and share her views among large audience via crypto media firms.

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