We’ve got one other month of crypto information and BitPay happenings, together with an thrilling new partnership, a product integration and extra updates round world crypto adoption. Don’t neglect to take a look at what ‘swap’ means and be taught extra about BitPay Reload in our product spotlight.
In This Problem:
BitPay within the Highlight
- UATP, a worldwide fee community owned and operated by the airways, has partnered with us to start out accepting crypto funds and appeal to new enterprise. Learn the announcement right here.
- Our CEO, Stephen Pair discusses why it’s necessary for the strategy to crypto regulation to go “fastidiously and cautiously”. Learn on right here.
- We not too long ago introduced our integration with 1inch Community, which is able to enable BitPay Pockets holders to swap ETH and ERC-20 tokens and profit from the most effective charges and quickest transactions. Learn the press launch right here.
- We had been featured by BTC Supervisor as the most effective crypto buying and selling apps. See what different apps made the checklist.
- Our CFO, Jagruti Solanki sat down with PYMNTS to debate the findings of our survey of greater than 8,000 U.S. shoppers that highlighted the motives that at the moment are compelling folks to need to spend cryptocurrency. Be taught extra about why she thinks crypto is right here to remain.
- US cardholders of the BitPay Pay as you go Mastercard can now add their card to Google Pockets and spend utilizing Google Pay. Learn the press launch for extra data.
Different Business Information
Right here’s a listing of a number of the most important happenings in crypto over this previous month:
- Mastercard confirmed its elevated curiosity within the crypto market by getting into into an settlement to purchase CipherTrace, a instrument that helps companies and regulation enforcement root out illicit digital forex transactions. Discover out extra right here.
- Ukraine is on its option to legalizing Bitcoin and different cryptocurrencies after Parliament overwhelmingly handed a brand new digital asset regulation. Be taught extra right here.
- In line with a latest survey, lack of understanding on crypto is the principle obstacle to elevated investments by younger adults within the UK, however the majority are wanting to be taught extra about crypto. Learn the total article right here.
- World crypto adoption has gone up by 881% within the final yr, with Vietnam, India and Pakistan firmly within the lead. This map reveals the place cryptocurrency is taking off around the globe.
- In the future after El Salvador formally adopted the cryptocurrency, Panama unveiled a invoice to make Bitcoin a authorized tender.
- With the brand new adoption of Bitcoin as a authorized tender, El Salvador President Nayib Bukele estimates that cash providers suppliers like Western Union and MoneyGram will lose $400 million a yr in commissions for remittances. Learn the total article right here.
- Microstrategy, Bitcoin’s greatest company investor purchased one other $177 million, boosting holdings to $5.4 billion. Learn the Forbes article right here.
- Bitcoin’s latest rise helped push the worth of all the cryptocurrency market above $2 trillion on August 14 for the primary time since mid-Could. Be taught extra right here.
BitPay Bids Welcome to New Companies
It’s our month-to-month pleasure – and nice honor – to welcome aboard new BitPay companions utilizing our services. We’re excited to announce our partnerships, which embrace one other non-public jet constitution service, a sports activities app and a preferred on-line market. Please be a part of us in saying howdy to those new, distinctive members of the BitPay household!
- Outlier Jets – Non-public jet card and constitution providers for people and organizations (E-mail Billing)
- Choose Excellent – A day by day fantasy sports activities app (E-mail Billing and Deposit)
- Store.com An internet market providing a wide range of merchandise from main manufacturers at aggressive costs (On-line Checkout)
- UATP – The airline owned fee community accepted by hundreds of retailers for air, rail, lodge and journey company funds. (On-line Checkout)
BitPay Service provider Highlight: Namecheap.com
Namecheap started in 2000 with a mission to ship the most effective domains at the most effective costs with the most effective service. Since then they’ve added internet hosting, safety, managed WordPress, and a complete vary of improvements to their platform. Now managing greater than 13 million domains for purchasers around the globe, they’ve grown to 1,700 staff in 17 nations.
We’re proud to name Namecheap a accomplice since 2013 and need them a lot of continued success.
BitPay Service provider Shout-outs
- Sonic Electronix for highlighting “Pay with Crypto” and BitPay on their homepage.
- Eight Sleep for sending an e mail announcement to their buyer base selling crypto funds through BitPay.
- Store.com for asserting on their most important header they Settle for Cryptocurrency by means of BitPay.
- Luxurious Assortment, a luxurious automotive vendor from Finland and a BitPay service provider since 2014, has expanded their crypto acceptance by signing up their second dealership in Estonia and doing their first automotive sale (greater than $300k) from this location.
- Genny.com, a high-end luxurious model from Italy, for absolutely integrating the BitPay checkout movement and together with the BitPay fee mark.
BitPay Charitable Highlight: Code.org
A BitPay accomplice since Could 2020, Code.org is a nonprofit devoted to increasing entry to laptop science in faculties and growing participation by younger girls and college students from different underrepresented teams. They try to present each pupil in each faculty the chance to be taught laptop science as a part of their core Ok-12 training and at the moment are the main supplier of Ok-12 laptop science curriculum within the largest faculty districts in america. Code.org additionally created the annual Hour of Code marketing campaign, which has engaged greater than 15% of all college students on this planet.
They’re utilizing the BitPay Hosted Donation product to make it easy to simply accept contributions on their web site. To help this superb trigger, please go to their web site right here.
Phrase of the Month: Swap
Swap in crypto phrases means to take one sort of crypto that you simply personal and change it for one more with out having to first promote your crypto with a view to purchase the opposite. Primarily, it’s a crypto-to-crypto change.
The first purpose customers would need to “swap” is to allow them to simply change crypto for one more asset they imagine will develop or transfer out of risky property into one of many accepted stablecoins and hedge in opposition to actual world occasions.
Our latest integration with the 1Inch Community permits customers the power to get the most effective crypto swap charges rapidly with a user-friendly, seamless swap course of with out leaving the pockets. For extra data, learn the announcement right here.
Product Highlight: BitPay Reload
BitPay Reload is our deposit product, which empowers your prospects to reload their stored-value accounts with cryptocurrency. Funds are instantly transformed to fiat and obtainable in minutes with out exposing you to any danger of chargebacks or worth volatility. It additionally has decrease charges than conventional card deposits.
BitPay Reload is the perfect deposit resolution for firms that search a deposit funding supply from prospects. For instance, pay as you go debit playing cards, casinos which have stored-value accounts for gamblers, FX buying and selling web sites, any app or e-wallet that enables for self-funding, digital wallets, or every other product/service searching for to extend buyer deposits. It’s sooner than wire transfers/ACH, no fraud chargebacks and has decrease charges than bank cards.
You will discover extra details about BitPay Reload right here.
Advertising and marketing Highlight: APMEX / Dogecoin Marketing campaign
This month we’re highlighting APMEX, one of many world’s largest and most trusted sources for Treasured Metals for his or her Dogecoin marketing campaign. The marketing campaign highlighted a new design of Gold or Silver Dogecoin rounds and provided a 50% low cost on charges throughout all merchandise bought with crypto.
APMEX did an distinctive job at creating consciousness for his or her Dogecoin marketing campaign to crypto holders through the use of a wide range of advertising techniques, together with touchdown web page content material, a devoted e mail, homepage hero banners on their web site and app, social media posts and paid media campaigns.
Need concepts on do the identical or share your present advertising campaigns with us? Submit your questions or advertising campaigns to email@example.com.
Did You Know?
BitPay helps all crypto wallets and exchanges, 90+ and rising (together with, Coinbase, Exodus, Metamask, Blockchain, Electrum, Belief, Ledger, Gemini and Kraken), representing greater than 100 million world prospects.
A commissioned examine for BitPay from Forrester Analysis confirmed what retailers are already discovering in real-life apply: that companies adopting bitcoin and different cryptocurrencies as fee strategies expertise, on common, 40% extra prospects, a twofold enhance so as values, and fewer chargebacks, amongst many different advantages.
Obtain the Full Report