Started by Bitcoin, Mar 13, 2023, 08:33 am
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We’re celebrating the top moments of 2022. Join us for a look at last year and all the progress that BitPay and our merchants have accomplished, even in a bear market. BitPay focused on supporting new coins, product launches for consumers, supporting new networks and so much more! We’ll also look at top merchants who made the news for accepting crypto.
In This Issue:
In 2022, BitPay saw the number of crypto payments grow by nearly 20%. Let's dive into the top-performing coins, wallets, gift cards and more.
Top Coins by Transaction Volume and Count
There was no surprise that Bitcoin was the top-performing coin by volume in 2022, representing 54% of all sales. We also saw that SHIB sales grew 1233%, Litecoin sales grew 243%, XRP sales grew 76% and DAI sales grew 61%.
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Top Wallets by Transaction Count
The BitPay Wallet was the top-performing wallet in 2022 for payments. Trust Wallet was the second, Metamask was third, Exodus was fourth and Coinbase was the fifth.
Want to learn more about the BitPay Wallet? Learn about the benefits of our self-custody wallet.
Top Gift Cards by Transaction Volume
Here are the top 7 gift cards purchased for 2022. Walmart leads the gift card category. Check out the rest of the gift cards that followed.
Top Industries by Transaction Volume and Count
Check out the top industries by transaction volume and by transaction count. Internet services lead the category by volume with Gold and Precious Metals leading the way by transaction count.
3 New Coins Supported by BitPay
BitPay announced that we support 3 new coins: Euro Coin (EUROC), ApeCoin (APE) and Polygon (MATIC)! This means merchants using BitPay to accept crypto now have over 15 coins they can accept as payment from crypto customers.
Lightning and Polygon Networks Join BitPay
The crypto world constantly evolves, and BitPay is always excited to support the innovations happening within the industry. These 2 new networks, Lightning Network and Polygon Network, allow merchants even more opportunities to reach new customers with easy solutions to accept crypto.
BitPay Merchants Leading the Adoption in 2022
Our new and longtime BitPay merchants made the news this year, announcing new and innovative ways they are adopting crypto.
New Products for Consumers
BitPay also focused on launching new products that make it even easier for consumers to spend their crypto with the newly redesigned BitPay app and the BitPay Card Rewards program.
Key Platforms Enabling More Businesses to Accept Crypto
Don't forget, BitPay also has integrations with UATP, the low-cost payment network privately owned by the world’s airlines, and Verifone, a global FinTech leader and payment solution provider to the world’s largest retail brands.
Recently, Litecoin (LTC) gained significant traction as a go-to coin for purchases at leading electronics, video games, gold and jewelry and other ecommerce websites. Learn More about Litecoin's rise and why it is cementing itself as the digital currency of choice for payments. Learn more about Litecoin with this visual from Blockchain Learning Center!
Image Source: Blockchain Learning Center
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