IN 2018, BITPAY PROCESSED A RECORD AMOUNT OF CRYPTO-TRANSFERS (MORE THAN $1 BILLION)

Despite the drop in prices for cryptocurrencies in 2018, the operator of bitcoin payments BitPay set a record for the volume of implemented crypto-transactions more than $1 billion. The segment of B2B payments processed by the company grew by 225%, and the number of BitPay employees increased by almost 80%.

Not all blockchain industry companies suffered from a protracted correction last year. Thus, BitPay reported that in 2018 he processed transactions worth more than $1 billion.

In the past year, the list of clients of the company, which provides services of corporate payments and acquiring, was replenished: its services began to use Dish Networks, HackerOne and even the government of Ohio.

The volume of the segment of B2B services increased by 225% compared to the last year — at the expense of clients among law firms, operators of data centers and the IT vendors that have begun to accept payments in bitcoin.

The company added that last year the number of technical errors in payment was reduced, and the amount of money lost due to technical errors decreased from 8% to 1%.

Last year, BitPay also raised $40 million in the second round of funding. However, while many blockchain companies are firing employees, BitPay has increased its staff by 78% during the year.