CoinsPaid, the leading cryptocurrency payment gateway, has shown record growth in 2022. The company’s total processed volume reached €12 billion and continues to grow by almost €1 billion each month, making CoinsPaid the largest cryptocurrency processor by monthly volume.
In 2022, the number of processed transactions reached 6.5 million and the trading volume approached the €4.5 billion mark. These figures are several times higher than those of the same period in 2021.
Excellent results for the fourth consecutive year
Since 2018, CoinsPaid metrics have doubled every year. In 2018, the company processed 561k transactions worth €210 million. At the end of 2021, it completed 9.2 million transactions worth €5.65 billion. Overall, between 2018 and 2021, the volume in euro equivalent grew 27 times, while the number of transactions increased 16 times.
The total number of transactions processed by CoinsPaid reached 21 million with a volume reaching the €12 billion mark. The gateway now processes around 8% of all on-chain Bitcoin transactions. Considering the figures for 2022, it is very possible that the company will set a new record by the end of the year.
$CPD, CoinsPaid’s own utility token
CoinsPaid has also introduced its own utility token. Having $CPD and paying the processing fees allows the company’s clients to receive discounts of up to 50% on the commissions charged by CoinsPaid.
To get the maximum discount, merchants must maintain a large number of tokens in their balance. CoinsPaid already serves over 800 merchants, and this number continues to grow; as the volume grows, there will be an ever-increasing demand for $CPD.
In the first quarter of 2022, the company obtained two positive legal opinions on $CPD from trusted law firms and successfully integrated the token into its main processing solution. Beginning in the second quarter, business customers can take advantage of the loyalty program and pay their commissions in $CPD.
In Q3, the token’s functionality will be integrated into CoinsPaid’s personal cryptocurrency wallet, while merchants will be able to accept $CPD as payment for purchases. More information about the token is available on the official CoinsPaid website.
Another important step planned for 2022 is the launch of the CoinsPaid Foundation, an organization based in Zug, Switzerland, that will promote the adoption of $CPD and the interests of its holders. The Foundation will sign partnerships with other blockchain companies, facilitate exchange listings, etc.
CoinsPaid’s roadmap for 2022 and 2023 also includes a liquidity aggregator for currency conversions at minimal fees and even company-branded crypto debit cards.
CoinsPaid is a crypto payment ecosystem that provides services to both companies and individuals. Launched in 2014, the company is registered and licensed in the EU. CoinsPaid’s current number of B2B clients exceeds 800, together serving more than 7 million end users. CoinsPaid supports more than 30 crypto assets and more than 20 fiat currencies. CoinsPaid products have passed cybersecurity audits by Kaspersky Labs, Hacken, and 10Guards.