![]() ![]() “There will come a day when you will walk into a restaurant and that will be a payment option alongside others,” he said. Sonny Singh is based out of San Francisco, California, United States and works at Bitpay as Chief Commercial Officer. Pair revealed that BitPay was working on revealing new brands that will begin to accept cryptocurrencies as a payment mechanism. Presently, over 65,500 transactions are processed through the month on average with 55% of the payments being made through Bitcoin. 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. The Atlanta-based payment company has recorded a steady increase in the number of businesses signed up to the platform. Bitpay CCO Sonnt Singh glaubt dass BTC in diesem Jahr die 20000 US-Dollar Schallmauer erreichen und durchbrechen wird. People are buying everything from luxury goods, electronics, boats, cars, real estate and everything you can think of.”īitPay provides Bitcoin and Bitcoin Cash payment processing services for merchants and has been in operation since 2011. “Recently we’ve seen a huge uptake in the use of stablecoins – probably our fastest growing payment method on our platform. This year, we’ve seen a 57% increase in payments, so that is huge for us from last year,” Pair said. “We support about 14 different currencies on our platform. He uses BitPay’s metrics over the last 12 months as proof of the growing adoption rates. ![]() 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 expects to see even greater adoption as we roll into 2022. Crypto adoption has recorded a significant jump in the last 12 months, per a recent Grayscale report.Ĭryptocurrency adoption is at an all-time high but Bitpay’s CEO thinks this is not the peak.He comments that the recent hearing between cryptocurrency executives and CEOs in Washington is a positive indicator.While Bitcoin has been trading sideways between 6,507 6,339, at time of writing, altcoins have been posting double-digit losses. ![]()
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