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Felicia Tan
in
Crypto
June 18 18:17

BitPay: 90% of payments are still made in bitcoins

One of the largest cryptocurrency payment operators BitPay shared the statistics of processed transactions. As before, payments in bitcoins prevail for about 90% of all transactions.
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According to the company's statistics, since November 2019, 90% of the transactions processed by BitPay are in bitcoins. The second place is occupied by Bitcoin Cash - 3% to 5% of payments are made in this cryptocurrency. On the third place is ETH with the result of 2-3%. There are very few transactions on BUSB, GUSD, USDC, XRP and PAX.
On average, BitPay handles just under 100,000 transactions per month. At the same time, if at the end of last year about 90,000 payments were made, since the beginning of the year their number has increased to 95,000, and in April it exceeded 100,000.
Most often users use their own BitPay wallet for payments (37%). Blockchain Wallet (21%) and Electrum Wallet (10%) are also popular. As for companies that accept cryptocurrencies to pay for goods and services, 28% of payments go to companies that provide financial services, and 24% of payments end up in internet firms.
In February, it was reported that in 2019 the payment operator has processed transactions worth more than US$1 billion, and at the end of May BitPay service said that it does not plan to implement support for Lightning and Liquid protocols, as users do not use such solutions.