CoinsPaid is the world’s leading cryptocurrency payment portal and has experienced record growth through 2022. The company’s overall processed volume reached €12 billion and keeps growing by almost €1 billion each month, making CoinsPaid the largest crypto processor by monthly volume.
In 2022, the number of processed transactions hit 6.5 mln and the operations volume approached the €4.5 billion mark. These numbers are many times greater than the 2021 equivalent.
Amazing results for the fourth year straight
Since 2018, CoinsPaid’s metrics have been doubling each year. In 2018, the company processed 561k transactions worth €210 mln. At the end of 2021, it completed 9.2 mln transactions worth €5.65 bln. The volume, in euros equivalent, grew 17x between 2018-2021 while transactions increased 16x.
The total number of transactions processed by CoinsPaid reached 21 mln with the volume hitting the €12 bln mark. This gateway processes approximately 8% of all Bitcoin transaction on-chain. The company could easily set another record in the coming year, based on the numbers for 2022.
$CPD, CoinsPaid’s own utility token
CoinsPaid also has its own utility token. Holding $CPD and paying the processing fees with it allows the company’s clients to receive discounts of up to 50% on the commissions charged by CoinsPaid.
A merchant must keep enough tokens to receive the best discount. CoinsPaid serves 800 merchants and the number continues to grow. As CoinsPaid’s volume increases, so will $CPD demand.
What’s next?
The company received two favorable legal opinions regarding $CPD in Q1 2022 from respected law firms. It successfully integrated the token into the main processing system. Beginning in Q2, customers of business can benefit from the loyalty program to pay their commissions with $CPD.
In Q3, token functionality will be integrated into CoinsPaid’s personal cryptocurrency wallet, while merchants will be able to accept $CPD as payment for purchases. The official CoinsPaid website has more information on the token.
Another major step planned for 2022 is the launch of CoinsPaid Foundation, an organization based in Zug, Switzerland that will promote the adoption of $CPD and the interests of its holders. It will facilitate the listing of exchanges and sign partnerships with blockchain companies.
CoinsPaid’s roadmap for 2022 and 2023 also includes a liquidity aggregator for currency conversions at minimal fees, and even crypto debit cards under the company’s brand.
CoinsPaid
CoinsPaid, a cryptocurrency payment platform that provides services for individuals and businesses alike, is called CoinsPaid. The company was founded in 2014. It is licensed and registered in the EU. The current number of CoinsPaid’s B2B customers exceeds 800, and together they serve over 7 million end users. CoinsPaid has access to over 30+ cryptocurrency assets as well as 20+ fiat currencies. CoinsPaid products are subject to cyber security audits from Kaspersky Labs Hacken, 10Guards, and 10Guards.