CoinsPaid becomes the undisputed leader with €4.5B in crypto payments processed in 2022

CoinsPaid took the global lead in cryptocurrency processing in 2022 as the company’s metrics soared.

TALLINN, ESTONIA, June 8, 2022 /EINPresswire.com/ — CoinsPaid took the lead in global cryptocurrency processing in 2022 as the company’s metrics skyrocketed. The number of transactions grew to 6.5 million and the volume jumped to 4.5 billion euros.

Exceptional results in detail

The number of transactions passing through the CoinsPaid gateway peaked at 1.59 million in March 2022 as the monthly volume approached the €1 billion mark. This is higher than in January and February when CoinsPaid processed 1.43 million payments worth 890 million euros and 1.47 million worth 837 million euros, respectively.

CoinsPaid’s business success has increased steadily since 2018. In 2021, the company’s volume reached 5.65 billion euros and the number of processed transactions reached 9.2 million. In the first five months of 2022, the company has processed 4.5 million transactions worth 6.5 million euros, while the total since launch is 21 million transactions worth 12 billion euros.

Perhaps the most impressive fact is that CoinsPaid’s metrics have doubled for the fourth straight year. By the end of 2021, sales had increased by 27x in euro equivalent terms, while transactions had increased by 16x compared to 2018.

Additionally, CoinsPaid now handles a staggering 8% of all on-chain BTC transactions – further proof that it is one of the biggest crypto processors. Judging by the results from January to May 2022, this promises to be another record year for CoinsPaid.

Impressive success in 2022

The total number of end customers making payments through the CoinsPaid gateway reached 7 million, and the number of merchants using the gateway is now more than 800. Since the end of May, more than 30 cryptocurrencies are supported by CoinsPaid, including Bitcoin , Ethereum, Tether and others. The company also allows traders to convert crypto earnings into 20+ fiat currencies.

$CPD, the native CoinsPaid token

Another landmark event for CoinsPaid in 2021 was the creation of its own utility token, $CPD. The first use case is to help merchants save up to 50% on CoinsPaid processing fees through the so-called loyalty program.

Under the terms of the program, a merchant must wager $CPD (ie hold it in the balance) in order to access rebates, which vary based on the amount wagered and monthly payment volume.

The staking program is a key driver of sustained B2B demand for $CPD. It also reduces the supply of $CPD in circulation as traders need to hold the tokens for the long term to continue benefiting from the rebates.

Several leading wallets on different blockchains integrated $CPD in 2022, including Guarda Wallet, Lumi Wallet (ERC-20), BC Vault (BSC, Polygon) and Coins.ph. CoinsPaid also ran several yield farming campaigns and launched a co-marketing program for merchants.

Maintaining leadership through 2023 and beyond

In early 2022, CoinsPaid received two positive legal opinions on the token from law firms in Germany and Liechtenstein, meaning a $CPD implementation campaign could begin in earnest.

As of Q3, CoinsPaid business and personal wallets will integrate the full $CPD utility, and merchants can also accept the token on their websites along with BTC, USDT, etc. Detailed information about $CPD can be found on the CoinsPaid website.

Also by the end of 2022, the company plans to establish the CoinsPaid Foundation, a Switzerland-based non-profit organization tasked with facilitating the adoption of $CPD. The foundation will build a network of partnerships across the blockchain industry, ensuring listings and promoting the interests of $CPD holders.

Finally, the processor plans to launch CoinsPaid-branded crypto cards and an advanced liquidity aggregator in the near future.

About CoinsPaid

CoinsPaid is a crypto payment ecosystem that brings businesses and people together. The company was founded in 2014 and is EU licensed. Currently, CoinsPaid works with over 800 B2B clients, serving over 7 million end users combined.
CoinsPaid allows merchants to accept 30+ cryptos and 20+ fiat currencies. The gateway is the only one that has been audited by three security companies: Kaspersky Labs, Hacken and 10Guards.

*Promotional Materials are not intended to provide or contain any personal, legal or financial advice. You are strongly advised to consult your own legal and/or financial experts for further advice.
CPD Token Users have sufficient investment knowledge and experience, as well as the ability to take risks arising from the use of CPD Tokens and agree to independently accept all risks arising from the use of CPD Tokens take over.

Ilya Levanshyn
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Jun 08, 2022 1:17pm |

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