Bitcoin makes up over 90% of payments processed by BitPay

Bitcoin continues to be the dominant payment method for BitPay, according to new payment statistics released by the firm.

Since November 2019, bitcoin has maintained a 90% market share of all payments processed, by payment count, through BitPay’s platform. The closest competing asset is bitcoin cash, which maintained a market share of between 3-5%.

Additional data revealed that from January to April, BitPay processed approximately 390,000 transactions, averaging roughly 98,000 per month.

BitPay is a significant player in the cryptocurrency payments processing space. According to its co-founder and CEO, in 2019, the firm facilitated $1 billion worth of cryptocurrency transactions.

© 2020 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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