Despite the traditional end of year slowdown, the BitPay world is seeing plenty of exciting updates of new merchants and new product launches. We’re excited to share that Shiba Inu is the newest coin in the BitPay app, and the excitement in the SHIBArmy grows even more with Newegg and AMC Theaters announcing that they’ll now be accepting payments with the cryptocurrency. Need last minute gift ideas for your holiday shopping? We have plenty of ideas of where to shop! Additionally, checkout the newest BitPay merchants, our BitPay Merchant Spotlight, our BitPay Charitable Spotlight, or read our guides on how to shop with or gift crypto.
In This Issue:
BitPay in the Spotlight
- Shiba Inu (SHIB) is the newest crypto available for merchants to accept on the BitPay platform. Check out our press release to learn more..
- BitPay CEO, Stephen Pair, discusses predictions that crypto will continue to see adoption. Watch the video on CNBC now.
- Last month we shared news on the Eight Sleep and BitPay partnership to offer Eight Sleep’s customers a $150 crypto rebate for a limited time. Eight Sleep shared the success of the promotion and how it was a great fit for their younger consumers’ lifestyles and values.
- Litecoin tweeted that they were the second most transacted crypto last month on the BitPay platform.
- Nexon America, Inc. is now allowing players to purchase in-game items with cryptocurrencies using BitPay. Read the announcement here.
- Eight Sleep’s crypto-focused promotion helped lead to one of their most successful sales periods year to date. Find out how they did it here.
- Oaza Beverages, a healthy better-for-you cold brew coffee company, announced that they will start accepting cryptocurrency via BitPay.
- BitPay CEO, Stephen Pair, explains why the Taproot update is a “gamechanger” in this Payments article.
Other Industry News
90% of the total bitcoin supply has been mined. Find out more about this news and other crypto related updates below:
- Advisors are encouraging all investors to diversify their portfolio with crypto with the guidance of financial advisors and planners to determine the right investments.
- Australia has seen an increase in crypto investors from 18.4% in 2020 to 28.8% this year.
- Newegg announced that they’ll be accepting Shiba Inu with the largest DOOH Billboard in North America. Newegg has been a longtime early adopter of crypto.
- Nearly one-third of hedge fund managers plan to add crypto to their portfolios in the near future. Find out why hedge funds are warming up to crypto in this article.
- As of Monday morning, 90% of the total bitcoin supply of 21 million has been mined. Learn more about this and 4 other crypto updates.
- The largest online bank in Switzerland is reportedly preparing to launch its own cryptocurrency trading platform. Read more here.
- 5 More crypto related updates, including how El Salvador plans to create a ‘Bitcoin City’ and raise $1 billion via a ‘Bitcoin Bond’.
- Magnum Real Estate Group is selling the first Bitcoin-payment-only commercial real estate property in NYC for $29 Million. Read more here.
Key BitPay Stats for November
We saw a more than 5% increase in our payment count from last month. Find out what Cryptos and Wallets customers are using below.
BitPay’s Payment Count total was 79,030 (vs. 75,330 for October)
Top Payment Count by Cryptocurrency:
- Bitcoin: 55.44%
- Litecoin: 14.78%
- Bitcoin Cash: 9.83%
- Ethereum: 9.28%
- Dogecoin: 6.68%
Top Payment Count by Wallet:
- BitPay: 32.98%
- Coinbase: 11.35%
- Trust: 7.78%
- Exodus: 7.25%
- Metamask: 4.98%
BitPay Bids Welcome to New Businesses
We have another exciting month of new businesses joining BitPay. Check out this month’s diverse merchants now accepting crypto:
- Hyprr – Social NFT platform powered by the Blockchain (Online Checkout)
- MainGear – Innovative high performance PC system builder (Online Checkout)
- Nexon America Inc. – Online video game publisher (Online Checkout)
- Presidio – Global digital systems integrator (Email Billing)
- RoomsToGo.com – Affordable home furniture (Online Checkout)
- VRWorldNYC – North America’s largest virtual reality club (Online Checkout)
Marketing Spotlight: How to Shop with & Give the Gift of Crypto
Holiday shopping with crypto? Yes, please! Check out our latest guide on the top ways to holiday shop with your crypto. To start:
- Pay for your holiday gifts with the BitPay card Learn more>>
- Pay for holiday gifts by buying gift cards in the BitPay app or extension Learn more>>
- Buy holiday gifts directly from merchants that accept crypto Learn more>>
Here is our latest guide to the best gift to give this holiday season. Giving someone crypto is a great way to help them grow their investments.
Did You Know?
Exploring the world with your crypto is now easier than ever. Not only are popular airlines, booking sites, and hotel groups are starting to accept crypto, but entire cities and countries are also embracing Bitcoin as an accepted form of payment, making it even easier to fund your next vacation with crypto.
Pacaso Home of The Month: Riviera
With views of the ocean below and the mountains above, this 4-bedroom, 5-bathroom home is the ultimate retreat. The open concept floor plan is anchored by a great room with a sleek gourmet kitchen, dining and lounge area. They open to either a private, Pacific-view terrace just steps from the pool or a walled, gated garden with mountain vistas.
Cost: $1,085,000 for 1/8 ownership
Address: 1131 Las Alturas Rd, Santa Barbara, CA
BitPay Coin Polls
Got a favorite BitPay supported cryptocurrency? Tell us which coin you prefer most and see how it ranks amongst other cryptocurrencies by voting here.
We’re always looking to innovate and expand our product. Let us know which coin(s) you want us to support next.
Forrester Study Shows Accepting Crypto Attracts New Customers & Boosts AOV
A commissioned study for BitPay from Forrester Research confirmed what merchants are already discovering in real-life practice: that businesses adopting bitcoin and other cryptocurrencies as payment methods experience, on average, 40% more customers, a twofold increase in order values, and fewer chargebacks, among many other benefits.
Not a current customer? Get in touch with a BitPay representative today.
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Author: The BitPay Team
