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.