There are more BitPay happenings and crypto news for the month of February, including an exciting partnership and product integration, and updates about global crypto adoption. Check out our product highlight to learn more about BitPay Reload and what "swap" means. This issue:
BitPay in the Spotlight
UATP, a global payment system owned and operated worldwide by airlines, has joined forces with us to accept crypto payments and attract new customers. Stephen Pair, our CEO discusses why crypto regulation should be approached "carefully and cautiously". Continue reading. We recently announced our integration to 1inch Network. This will allow BitPay Wallet holders the ability to swap ETH or ERC-20 tokens, and receive the fastest transactions and best rates. The press release can be found here. We were named by BTC Manager the top crypto trading app. Check out the other apps that made it on the list. Jagruti Solanki, our CFO, sat down to PYMNTS to talk about the findings from our survey of over 8,000 U.S. customers that revealed the motivations that have compelled people to invest in cryptocurrency. Find out why she believes crypto will be around forever. US cardholders with the BitPay Prepaid Mastercard may now add their card into Google Wallet to make purchases using Google Pay. For more information, please read the press release.
Other Industry News
Here are some of the most important crypto events of the past month.
Mastercard demonstrated its increasing interest in the cryptocurrency market by signing an agreement to purchase CipherTrace. This tool helps law enforcement and businesses identify illicit digital currency transactions. Learn more. Ukraine is now on the verge of legalizing Bitcoin and other cryptocurrency after its Parliament passed a new digital asset legislation. Find out more. A recent survey found that young people in the UK are unable to invest as much in crypto due to their lack of knowledge. However, most people want to learn more about crypto. The global adoption of crypto has increased by 881 percent in the past year. India, Pakistan, and Vietnam are the leaders. This map shows the locations where cryptocurrency is growing fast around the globe. It was created by Nayib Bukel, El Salvador President. The full article can be found here. Microstrategic, the largest corporate investor in Bitcoin, bought $177 million more, increasing its holdings to $5.4 trillion. The Forbes article is available here. Bitcoin's recent rise has helped lift the total cryptocurrency market to $2 trillion on August 14, for the first time since May. Find out more.
New Businesses Welcome to BitPay Bids
We are delighted to welcome new BitPay partners who use our products and services. It is our pleasure and great honor each month. We are excited to announce our partnerships which include a private jet charter service, an app for sports, and an online marketplace. We invite you to join us in welcoming these exceptional new members of BitPay's family.
Outlier Jets – Private jet cards and charter services for individuals or organizations (Email Billing). Pick Perfect - A daily fantasy sport app (Email Billing & Deposit).Shop.com An online marketplace that offers a range of products from top brands at competitive prices. UATP - This is the airline-owned payment network that thousands of merchants accept for payments for travel agencies, air, and rail. Online Checkout
BitPay Merchant Spotlight: Namecheap.com
Namecheap was founded in 2000 with the mission of providing the best domains for the lowest prices and the best customer service. They have added security, managed WordPress and many other innovations to their platform since then. They now manage more than 13,000,000 domains for customers all over the globe and have 1,700 employees in 17 different countries.
Namecheap has been a valued partner of ours since 2013, and we wish them continued success.
BitPay Merchant Shouts
Sonic Electronix thanks for highlighting BitPay and "Pay with Crypto" on their homepage.
Eight Sleep sent an email to their customers promoting BitPay and crypto payments.
Shop.com has announced that they accept cryptocurrency via BitPay on their main header
Luxury Collection, a Finnish luxury car dealer and BitPay merchant, has increased their crypto acceptance by opening a second Estonian dealership. They also sold their first car (more than $300k) in Estonia.
BitPay Charitable Spotlight Code.org
Code.org, a BitPay partner since May 2020 is a non-profit dedicated to increasing access to computer science education in schools and encouraging participation by students from underrepresented groups and young women. They are committed to giving every student the chance to learn computer science in their K-12 education. In fact, they are the most prominent provider of K-12 computer science curriculum within the largest school districts of the United States. Code.org has also launched the Hour of Code campaign which has attracted more than 15% of all students around the globe.
To make it easy to accept donations on their website, they are using BitPay Hosted Donation. Visit their website to support this incredible cause.
Swap is the Word of The Month
In crypto terms, swap is the act of taking one type or crypto and exchanging it for another. You don't have to sell your crypto first to exchange for the other. It is basically a crypto-tocrypto exchange.
Swaps are used to exchange crypto for other assets. Users can quickly swap between stablecoins or volatile assets and protect themselves against unfavorable events.
Users can now get the best cryptocurrency swap rates fast with our integration with 1Inch Network. It's a simple, user-friendly swap process that doesn't require leaving their wallet. You can read the announcement here.
Product Spotlight: BitPay reload
BitPay Reload allows your customers to load their stored-value accounts with cryptocurrency. You don't have to worry about price volatility or chargebacks as funds are instantly converted to fiat. You will also pay lower fees than traditional cards deposits.
BitPay Reload is the perfect deposit solution for businesses looking to source funding from customers. Prepaid debit cards, casino accounts with stored-value for gamblers, FX trading sites, and any app or electronic wallet that allows self-funding or digital wallets. It is faster than wire transfers/ACH and there are no fraud chargebacks.
More information on BitPay Reload can be found here.
Marketing Spotlight: APMEX / Dogecoin campaign
We're highlighting APMEX this month for their Dogecoin campaign. They are one of the most trusted and largest sources of Precious Metals in the world. The campaign featured a new design for Gold and Silver Dogecoin rounds, as well as a 50% discount on all fees when purchased with crypto.
APMEX did a remarkable job of creating awareness for the Dogecoin campaign among crypto holders using a variety marketing strategies, including landing pages content, homepage banners on their app and website, social media posts, paid media campaigns, and paid media ads.
We would love to hear your ideas or see examples of marketing campaigns. Submit your questions or marketing campaigns to [email protected].
Did You Know?
BitPay supports all cryptocurrency wallets and exchanges, 90+, and growing (including Coinbase, Metamask, Blockchain, Trust, Ledger, Gemini, and Kraken), which have more than 100,000,000 global customers.
Forrester Study
Forrester Research's BitPay study confirmed what real-life merchants have already discovered: businesses that use bitcoin and other cryptocurrency as payment methods see an average of 40% increase in customers, a twofold rise in order values and fewer chargebacks.
Get the full report
Not a current customer? Contact BitPay today.
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By: The BitPay Team
Title: Your September Newsletter for All Things BitPay and Crypto
Sourced From: bitpay.com/blog/welcome-to-the-september-cryptie/
Published Date: Thu, 23 Sep 2021 13:26:54 GMT
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