Generative Data Intelligence

Market Analysis Report (17 Jun 2020)

Date:

Newly released payment statistics from BitPay show that Bitcoin is the number one payment method used with the firm, as since November 2019 BTC has maintained a 90% market share of all payments processed, by payment count, through its platform.

Behind Bitcoin was Bitcoin Cash (BCH), a cryptocurrency created through a hard fork of the original network in August 2017, with a market share ranging between 3% and 5%. Behind Bitcoin Cash was Ethereum, with a 2.5% to 3.6% mark share, followed by stablecoins like Binance’s BUSD, and Centre’s USDC. Notably, XRP had a 1.2% market share in March and April.

 From January to April, BitPay processed roughly 390,000 transactions, averaging 98,000 per month. BitPay is a significant player in the cryptocurrency payments processing space, having facilitated $1 billion in crypto transactions last year.

Source: https://www.cryptocompare.com/email-updates/daily/2020/jun/17/

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