Customers of the processing service BitPay for 2018 has carried out transactions in excess of $1 billion.

BitPay Sees Record Year for Revenue in 2018, with $1 Billion in Transactions #Fintech #Blockchain

— BitPay (@BitPay) January 16, 2019.

Revenue of B2B-direction compared with 2017 year increased by 225%, thanks to the interest in bitcoin from IT vendors and law firms.

“BitPay solutions for B2B-direction demonstrated their advantages over wire transfers. Despite the decline in bitcoin exchange rate we were able to prove that cryptocurrency can solve real problems”, — said CEO Steven Pair.

Another achievement of the company, said Pair, a decline in the number of errors
when making payments from 8% to less than 1% in dollar terms.

“The new payment Protocol allows you to accept bitcoin payments without any problems with support,” he said.

Overall, the staff BitPay increased by 78% to almost 80 employees, what is remarkable, given the massive reduction from other players of the stock market.

Recall that in late December, Steven Pair expressed the view that mass adoption of cryptocurrency 3-5 years.