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CoinsPaid Processed a Record of $824 Million in October Amid a General Move to Crypto Payments

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Tallinn, Estonia–(Newsfile Corp. – November 11, 2021) – While PayPal, Stripe, and PayTM plan new crypto integrations, major cryptocurrency payment gateways are seeing a surge in volume. In particular, CoinsPaid, one of the largest providers with 800+merchants, registered a 126% increase in transaction volume in October – the month when the company was also nominated for AIBC Awards as Payment Provider of the Year for the second year in a row.

As BTC skyrocketed to a new ATH and the SEC finally greenlighted the first two Bitcoin ETFs, traditional financial businesses have once again turned their attention to crypto. Among the noteworthy events of September and October:

Bitcoin Payments’ Popularity Indicates a Wider Adoption, According to CoinsPaid CEO

Is this yet another hype period, like what was seen in 2017, or is legacy finance really ready to embrace crypto this time? Max Krupyshev, CEO of CoinsPaid, believes that it’s the latter:

‘The spread of crypto payments is a good gauge of mass adoption – because if cryptocurrency is truly a new form of money, and not just an investment asset, then people should use it in their everyday life.

We are indeed seeing an immense increase in payment volumes – for our Cryptoprocessing product alone, the transaction volume has seen double-digit growth every month in 2021. Instead of simply cashing out their gains, people are actively switching to paying in crypto. They enjoy the near-universal acceptance rate and privacy.’

Crypto Transaction Volume up By 400% in 2021

Indeed, October 2021 was yet another record month for CoinsPaid and its Cryptoprocessing gateway. The company registered a volume of $824 million, up 126% from September and a whopping 400% up from January. The overall payment volume in 2021 has reached $4.6 billion.

According to CEO Max Krupyshev, the triggers behind this impressive performance were manifold:

  • Growing adoption of crypto payments, especially among businesses considered high-risk;
  • Merchants eager to save up to 80% in payment costs (since there are virtually no acquiring fees, no chargebacks and no rolling reserves);
  • Transparent fee structure without exchange rate gaps;
  • Saving on mining fees thanks to efficient transaction grouping;
  • Fiat settlements directly to a bank account;
  • Instant BTC, ETH, and BCH transactions;
  • Proven security (audited by Kaspersky Labs and 10Guards);
  • Vast selection of currencies (BTC, ETH, LTC, DOGE, USDT, BCH, USDC, etc.). 
  • Launch of several new invoicing options (channels, invoices, and Plug-and-Pay).

CoinsPaid shortlisted as AIBC Awards Payment Provider of the Year

The success of Cryptoprocessing didn’t pass unnoticed by the industry: the platform has just been nominated for the prestigious AIBC award as Payment Provider of the Year for the second year in a row, together with such well-known players as BitPay and Cryptopay. The winner will be announced at the AIBC Summit on Malta on November 16.

The team is confident that the award-winning streak will continue. Indeed, Cryptoprocessing has a lot going for it in terms of both the variety of offerings for merchants and convenience for end users.

What’s in Store for Crypto Payments In 2022?

The approval of the first Bitcoin ETF and the launch of crypto support on PayPal were arguably the two key turning points on the way to legitimizing crypto in the eyes of financial institutions and regular e-money users. Thanks to companies like PayPal and Stripe (if it does indeed go back to supporting Bitcoin), millions of new users will be encouraged to try paying in cryptocurrency.

Under these conditions, major payment providers like CoinsPaid will thrive. While the company already has over 800 merchants in its portfolio, there are hundreds of thousands of businesses that have yet to realize that they can save up to 80% in payment fees if they start accepting BTC, ETH etc. It remains to be seen if another bear market occurs in 2022 – but the crypto payment industry will likely continue its rise.

Contact:
[email protected]

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/103027

Newsfile is a customer-focused newswire team that delivers press releases and corporate announcements to the global financial community. Approved by all stock exchanges, Newsfile offers broad access to media, analysts, investors and market participants. With agile services, proactive customer care and affordable pricing; Newsfile makes it easy for companies to tell their story to the audiences they need to reach.

Blockchain

Revolutionizing Fintech: 6G Digital & Rune Nilsson’s FlexM Global in a Bold $12.5M Deal Shaking the Banking Industry

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Teletubbies Digital Companions to Launch on the Tezos Blockchain

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MetaPals, an AI digital companion platform, is partnering with WildBrain’s beloved Teletubbies to bring together cherished childhood memories and the innovative digital era with the launch of the Teletubbies AI digital companions on 20 April, 2024.
As Teletubbies commemorates its 27th anniversary on 31 March, the collaboration marks the beginning of an exciting array of renowned IPs joining the ‘MetaPals Multiverse’ in 2024. Through the use of AI and blockchain technology powered by Tezos, much loved Tinky Winky, Dipsy, Laa-Laa, Po, and even Noo-Noo have become personalized, evolving digital companions within the MetaPals browser extension game engine.

The Teletubbies characters integrate with users’ daily browsing experience that accompanies users across the web, offering both playful interactions and practical assistance. This technology not only brings these fun characters to life in new, interactive ways, but also helps to enhance the mental well-being of users by fostering a sense of companionship.

Each Teletubbies companion within the MetaPals Multiverse will exhibit unique personality traits, offering users a diverse and dynamic experience. With personalities distributed across 5000+ Teletubby companions along a spectrum, users are guaranteed a one-of-a-kind experience, ensuring enjoyment for all and opportunities to foster new connections with this nostalgic brand.

Max Giammario, CEO of MetaPals, said: “Through this collaboration we’re not just revisiting Teletubbyland, we’re reinventing it for the digital age. By weaving in AI and blockchain, we enable the Teletubbies characters to evolve, interact, and form unique bonds with users, embodying our vision of dynamic digital companionship. With a bit of ‘MetaPals magic’, the Teletubbies are exploring beyond the hills and far away, ready to play, in ways we’ve never imagined.”

Melissa Goodrich, Director, Franchise Strategy at WildBrain, said: “We’re excited to see our colorful quartet come to life in new ways through this unique digital experience for fans. As we celebrate 27 years of the perennially popular Teletubbies franchise, this latest collaboration encapsulates the essence of childhood nostalgia while embracing the limitless possibilities of the digital age.”
Jason Lim, TZ Apac Games Adoption Team for the Tezos Ecosystem, said: “MetaPals will be pioneering the convergence of iconic IPs such as Teletubbies with the limitless possibilities of the Tezos blockchain. I can’t wait to see the magic they are brewing up next.”

The post Teletubbies Digital Companions to Launch on the Tezos Blockchain appeared first on HIPTHER Alerts.

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Alarum Announces Exciting Events Lineup and Welcomes Esteemed Advisor to NetNut’s Advisory Board

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