BitPay processed over $1B in crypto payments last year

posted 5 months ago
US based crypto payments processor BitPay says it processed over $1 billion-worth of transactions last year. The firm said this is the second consecutive time it’s reached the billion-dollar mark in its over seven years of existence.

“To process over a $1 billion for a second year in a row despite bitcoin’s large price drop shows that Bitcoin is being used to solve real pain points around the world,” said Stephen Pair, BitPay co-founder and CEO. During the year, BitPay also raised $40 million in a Series B round, bringing its total capital raised so far to over $70 million.
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