Hypes, funds, fiat money

09/05/19 06:00 UTC-4

Coinbase, Bakkt, Bitpay and others spent up to $500 million on the implementation of retail purchases for cryptocurrency

To introduce retail purchases for crypto, Coinbase, Bakkt, Bitpay companies spent up to $500 million
To introduce retail purchases for crypto, Coinbase, Bakkt, Bitpay companies spent up to $500 million

On May 8, the Blockdata company published the results of the blockchainBlockchain
is a continuous and sequential block chain of information (digital linked list). When building a blockchain, copies of related blocks are simultaneously stored on multiple computers.Details
research. According to the information, 19 companies spent from 10 million to 500 million dollars each to implement cryptocurrency payments for retail purchases.

 

Up to $500 million for crypto implementation

This year, 19 companies have solidly spent on the implementation of cryptocurrency payments for retail purchases. According to the Blockdata study, the amount spent was between $ 10 million and $ 500 million for each of the participating companies.

"These are companies that have raised more than $ 10 million so that consumers can spend cryptocurrency on retail purchases. They are at the forefront of stimulating consumer acceptance of crypto." – Blockdata, Twitter.

A study of Blockdata indicated that Coinbase, which invested about $252.3 million, had invested more than anyone else. The second place in terms of spending was taken by the Bakkt cryptocurrency platform with expenses of $182.5 million. Pumapay, Bitpay payment systems took the third and sixth places with expenses of $117 million and $72.5 million (respectively).

Interesting in the section: Coinbase Cryptobusiness Exchange: an overview of the exchange platform

Also, significant amounts for the development of crypto in the field of retail purchases were made by the enterprises: Kyber Network ($106 million), Korbit ($86.5 million), Veem ($69.3 million). In addition, the following companies took part in the study: Mycelium ($11.5 million), Alt Thirthy Six ($11.6 million) and Eligma ($13 million).

Coinbase, Bakkt, Bitpay and other companies spent up to $500 million on the implementation of purchases for cryptocurrency. Recall that cryptocurrency and blockchain technology can help in the fight against low-quality and fake medicines.

Editor: Alyona Nabok

See also: "The Cardano Foundation announces ADA support on Ledger Nano S"

#Coinbase #Bakkt #Bitpay #Kyber Network #Eligma #Korbit #cryptocurrency #Blockdata #research

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