RATE Group | Crypto-Based Commerce Spikes 65% in 7 Months
68015
post-template-default,single,single-post,postid-68015,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Crypto-Based Commerce Spikes 65% in 7 Months

09 Nov Crypto-Based Commerce Spikes 65% in 7 Months

Posted at 01:31h in Bitcoin News by

[ad_1]

Crypto-Based Commerce Spikes 65% in 7 Months

Commerce fueled by cryptocurrencies has once again started to grow. Data collected by blockchain forensics company Chainalysis shows a significant increase of volume in the first half of the year. The positive change coincided with the remarkable market recovery that followed last year’s prolonged crypto winter.

Also read: Turkey Becomes the Latest Nation to Work on Digital Fiat

$5.5 Million of Crypto Used in Commerce Daily

After a string of depressing months in 2018, cryptocurrency-based commerce began to rise again in 2019, the study quoted by Bloomberg indicates. According to New York-headquartered Chainalysis, the amount of cryptocurrency sent to 16 merchant service providers such as Bitpay increased by 65% between January and July. During the same period, the price of bitcoin core (BTC) tripled to over $12,000.

Crypto-Based Commerce Spikes 65% in 7 Months

This year’s positive trend contrasts with the findings from last year, when Chainalysis registered a decline in bitcoin-related trade. The…

[ad_2]

Source link

Tags:
, , , , ,