The BitPay company reported on record income in 2018
The BitPay company reported on record income in 2018

One of the largest payment announced a blockchain providers of the world of BitPay the new record reached in 2018. The company processed payments for the sum more than $1 billion and again showed record income.

Besides, the companies Dish Networks, HackerOne and the government of the State of Ohio joined payment network. The division of B2B showed record levels and grew by 255% as the set of law firms, data centers and vendors in the field of IT was connected to reception of bitcoins.

“The division of B2B continues to grow quickly as ours solutions is cheaper and fast analog of bank transfers for the majority of regions of the world. BitPay processes the second year in a row payments with a total amount more than $1 billion, despite falling of the price of bitcoin, and it shows that cryptocurrencies solve problems in different points of the world”, – the co-founder and the head of BitPay Stephen said Peyr (Stephen Pair).

Separately the company emphasizes considerable decrease in errors when carrying out payments – the amount of funds, lost because of errors in cryptocurrency payments, in a year decreased from 8% to 1%.

“Use of purses with support of the Payment Protocol protocol considerably facilitated life of outlets. Now they can accept with ease bitcoins with any trouble with support. It was the main desire of our clients”, – the head of BitPay of products Sean Rolland noted.

In spite of the fact that BitPay still focuses on the first cryptocurrency, support of Bitcoin Cash and steyblkoin of the Circle, Gemini and Paxos company was also added. The number of employees of the company increased by 78% and now is 80 people.

Let’s remind that BitPay became the first operator of cryptocurrency payments in the State of New York – the company received BitLicense in July of last year.