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Bitcoin makes up over 90% of payments processed by BitPay
UPDATED: June 18, 2020, 11:28AM EDT
<span class="acf-media-credit"><span class="acf-credit"><span class="acf-credit"><a href="https://dat-rs.com/" target="_blank">Ricardo Santos for The Block</a></span></span></span>
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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.
