The crypto market evolved exceptionally in the years 2014 to 2021, and the question of whether this industry will survive no longer exists. Instead, we are questioning where it’s heading and how quickly it will reach new heights.
In January 2021, the cryptocurrency market capitalization achieved the first trillion USD, and in April 2021, it already hit 2 trillion, with a Bitcoin share of about 50% of the total volume.
Today the crypto market is represented by a large variety of startups that develop their ideas based on the blockchain. They include the art industry actively promoting NFTs, teams developing the collection and distribution of data on the blockchain, and the financial sector introducing blockchain technology into the processes of transfer and payment systems, to name just some.
According to Deloitte Research, the top use cases for blockchain adoption in 2020 were:
Let’s explore how one such project, operating within two sectors adopting blockchain technology fastest: cryptocurrencies and payments, is achieving new positions in the payment niche and changing traditional finance.
The company started in 2014 with simple digital solutions for processing crypto transactions and built an entire ecosystem of products by 2021. As of July 2021, Cryptoprocessing by CoinsPaid handles 7% of all on-chain Bitcoin transactions. This number continues to increase each month.
What is the company’s ecosystem, and who are its customers? The ecosystem is developed with a focus on the B2B sector. It includes the crypto processing solution, an exchange and OTC Desk, and enterprise and personal crypto wallets. Most of their clients are online businesses that use the Cryptoprocessing payment gateway and other related services for crypto/fiat operations.
The future forecast predicts that the market will continue to grow with more clients choosing crypto alternatives for payment and financial services. The year 2020 already demonstrated the shift of…