BitPay, the largest global blockchain payments provider, today announced another record year along with key accomplishments and expansion of the payment processing platform for 2018 after more than seven years in business.
In 2018, BitPay processed over a $1 Billion again in payments and set a new record for transaction fee revenue by adding new customers like Dish Networks, HackerOne, and the State of Ohio. BitPay’s B2B business also had a record year as it grew almost 255% from the previous year as many law firms, data center providers, and IT vendors signed up to accept Bitcoin. BitPay also hired Rolf Haag, Former Western Union and PayPal executive as Head of Industry Solutions responsible for the B2B business.
“BitPay’s B2B business continues to grow rapidly as our solution is cheaper and quicker than a bank wire from most regions of the world,” said Stephen Pair, Co-founder and CEO of BitPay. “To process over a $1 Billion for a second year in a row despite Bitcoin’s large price drop shows that Bitcoin is being used to solve real pain points around the world.”
Last year, BitPay also set a record for reducing payment error rates. The dollar volume lost to cryptocurrency payment errors dropped dramatically from over 8% (in December 2017) to well under 1% of BitPay's total dollar volume processed.
https://www.businesswire.com/news/home/20190116005701/en/BitPay-Sees-Record-Year-Revenue-2018-1
(Score: 1, Informative) by Anonymous Coward on Friday January 18 2019, @01:18AM (2 children)
A record year on all counts. Dumb fucks.
(Score: 0) by Anonymous Coward on Friday January 18 2019, @02:20AM (1 child)
Bitcoin drops 88% and you are still to dumb to buy some?
(Score: 2, Insightful) by Ethanol-fueled on Friday January 18 2019, @02:27AM
Pure speculation. A casino rigged in favor of the house with enough ups and downs to make others believe that they too can become instant millionaires.
(Score: 1, Informative) by Anonymous Coward on Friday January 18 2019, @07:22AM (1 child)
"cryptocurrency payment errors"??? As in, the wrong people end up with the money? How the hell is that happening, and why would anyone use a payments provider where it does happen?
(Score: 0) by Anonymous Coward on Friday January 18 2019, @02:12PM
The user sometimes needs to manually enter the correct destination address and amount. Although if sending from a phone all that info can be comtained in a qr code, its not always the case that there is a camera in the loop. I remember giving my friend a bitcoin years ago, he sent it to some address in his history on accident so someone got a free bitcoin.