BitPay’s CEO States That Cryptocurrencies Will See More Adoption After Positive Metrics In The Last 12 Months

BitPay’s CEO States That Cryptocurrencies Will See More Adoption After Positive Metrics In The Last 12 Months
фото показано с : zycrypto.com

2021-12-13 10:28

BitPay’s CEO has expressed optimism on future cryptocurrency adoption following a slew of positives.He comments that the recent hearing between cryptocurrency executives and CEOs in Washington is a positive indicator.Crypto adoption has recorded a significant jump in the last 12 months, per a recent Grayscale report.

Cryptocurrency adoption is at an all-time high but Bitpay’s CEO thinks this is not the peak. He expects to see even greater adoption as we roll into 2022.

Further Adoption

Stephen Pair, BitPay’s CEO and co-founder told CNBC Squawkbox that aside from being a store of value, cryptocurrencies are increasingly becoming used as a currency. He uses BitPay’s metrics over the last 12 months as proof of the growing adoption rates.

“We support about 14 different currencies on our platform. This year, we’ve seen a 57% increase in payments, so that is huge for us from last year,” Pair said. “Recently we’ve seen a huge uptake in the use of stablecoins – probably our fastest growing payment method on our platform. People are buying everything from luxury goods, electronics, boats, cars, real estate and everything you can think of.” 

BitPay provides Bitcoin and Bitcoin Cash payment processing services for merchants and has been in operation since 2011. The Atlanta-based payment company has recorded a steady increase in the number of businesses signed up to the platform. In 2011, BitPay had less than a thousand merchants but by 2014, the figure had risen to over 10,000 and has shown no signs of slowing down. Presently, over 65,500 transactions are processed through the month on average with 55% of the payments being made through Bitcoin.

Pair revealed that BitPay was working on revealing new brands that will begin to accept cryptocurrencies as a payment mechanism. “There will come a day when you will walk into a restaurant and that [crypto] will be a payment option alongside others,” he said.

Stablecoins Are The Biggest

Pair stated that although he thinks all the big cryptocurrencies will be utilized as a means of payment in the future, he believes stablecoins will be the most adopted by users. He notes that BitPay’s biggest growth has come in the form of stablecoins with more users relying on them for everyday use.

The global stable coin market cap has been on the steady rise since the start of 2021. Tether’s USDT and Circle’s USDC are the largest with a combined market capitalization of $117 billion. There has been increasing talk about stiffening stablecoin regulations in the US that could see them be regulated like banking institutions. The President’s Working Group on Financial Statements made similar recommendations in their stablecoin report.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Ceocoin (CEO) на Currencies.ru

$ 0.00304614 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 CEO

bitpay adoption positive cryptocurrency ceo comments positives

bitpay adoption → Результатов: 41


Фото:

Bitcoin Adoption: Just Eat France Now Accepts BTC Payments in Over 15,000 Restaurants

Food delivery company Just Eat, which serves over 15,000 restaurants in France, now accepts payments in Bitcoin. This has been facilitated by US-based crypto payment processor BitPay.   Covid-19 Has Accelerated Online Food Delivery and Crypto Home delivery services have experienced an unprecedented increase in demand in recent times due to lockdown restrictions brought about byRead MoreRead More.

2020-9-9 20:00


Pro-Bitcoin Congressman, Tom Emmer, to Accept Crypto Donations Using BitPay in Reelection Bid

Congressman Tom Emmer, a rep for MN-06, announced that he would be accepting crypto donations in a recently concluded crypto town hall on August 20. This initiative made a debut as the first virtual crypto town hall with a focus on recognizing innovation and boosting adoption to include political stakeholders as well. The Minnesota Rep, […]

2020-8-21 18:30


Use Of Bitcoin Among Merchants Increased In 2019, New Data Shows

While the adoption of Bitcoin for day-to-day transactions may be moving at a slow pace, the use of the coin among the merchants soared last year, CoinDesk reports. BitPay, the cryptocurrency payment processor, processed an equivalent of about $1 billion worth of crypto transactions last year with Bitcoin transactions dominating the transactions, Bill Zielke, the […]

2020-2-3 20:19


Ripple’s Asheesh Birla claims Securities Law is a good thing for digital assets

Ripple has maintained an arm’s length distance from XRP’s performance in the cryptocurrency market, but it is covering ground in terms of XRP adoption. XRP recently received native support on Coil via Bitpay, a development which would enable massive adoption of the third-largest crypto not only for people trading in crypto, but thousands of businesses […] The post Ripple’s Asheesh Birla claims Securities Law is a good thing for digital assets appeared first on AMBCrypto.

2019-10-3 17:30


Bitcoin Cash flies high after Bitcoin’s network gets congested due to recent rally

Bitcoin Cash’s major proponent, Roger Ver, spoke about recent developments and adoption drives in the crypto-ecosystem, in a recent interview with Robert Beadles. Ver spoke about BitPay, which has been going head first into crypto-adoptions after enabling cryptocurrency payments in a myriad of sections, including, jewelry, entertainment, gaming, fashion, charities etc.

2019-7-2 21:30