BitPay is now on pace to process over $1B annually in bitcoin payment acceptance and payouts. Here’s what this growth is teaching us.
It’s 2017, six years after we started BitPay and nearly nine years since the Bitcoin experiment began. If you’ve not been living under a rock, you’ve seen that the bitcoin price and daily transaction count have taken to new heights this year.
Still, if you’re like most people, you probably don’t recognize how bitcoin is quietly changing the playing field of payments.
As the world’s leading bitcoin payments platform, we get a deep look into how bitcoin is solving real payment problems. To the extent we’ve helped to solve those problems, we’ve seen major growth this year. We’re now on pace to process over $1B annually in bitcoin payment acceptance and payouts, and we’ve already grown our payments dollar volume 328% year-over-year from 2016.