The past month has been eventful, to say the least – and we’re not even talking about politics! During the month of October, the crypto markets continued to experience bullish growth overall. Meanwhile, at BitPay, we continue to welcome new merchants, while launching new products and services that make crypto transactions easier – and more profitable than ever – for the global business community.
In this problem:
BitPay in the spotlight
Find out where BitPay has made waves in the latest news:
Helping usher in a new era of competitive esports, Turner Sports released Blocklet Games, a new blockchain-based golf game that accepts cryptocurrency payments through BitPay.
A newly commissioned study for BitPay from Forrester Research confirmed in writing what merchants are already discovering in practice: that companies that adopt bitcoin and other cryptocurrencies as payment methods experience, on average, 40% more customers, a double the value of orders and fewer chargebacks, among many other benefits.
Other recent industry news
Here is a list of some of the most significant events in crypto over the past month:
Square, the payments company co-founded by Twitter famous Jack Dorsey, recently made headlines by raising $ 50 million value of bitcoin, demonstrating its commitment to integrating cryptocurrency.
Bitcoin is now on its way, according to a recent Bloomberg report valued at $ 100,000 by 2025.
In a move that can only be called an industry upheaval, PayPal will enable cryptocurrency buying, selling and retail purchases. among the 26 million merchants who make up its network.
Unicas, a new joint venture banking company in India, to the intention of deploy 22 physical bank branches that allow customers to access both crypto and traditional banking services. It will be a first for India.
Upcoming BitPay Events
BitPay is proud to be an official Gold Sponsor of [BitGive’s De-Phi Crypto for Good Conference, a conference that aims to transform people’s lives across the globe for the better. Join us virtually as our Co-founder and CEO Stephen Pair and other thought leaders from around the globe talk about the many ways that crypto and blockchain can dramatically transform people’s lives for the better.
BitPay Bids Welcome to New Businesses
It’s our monthly pleasure – and great honor – to welcome aboard new businesses that use our products and services. This month saw BitPay woo and win over clients from across a wide-ranging number of fields and industries – everything from mobile gaming to luxury watch retail. Please join us in saying hello to these new, exceptional members of the BitPay family!
BitPay Merchant Spotlight of the Month: Mythical Games
BitPay has been on something of a gaming streak as of late.This month we are spotlighting another one of our virtual entertainment merchants – Mythical Games. They are using the decentralized digital ledger technology of blockchain to build games where players can actually own a piece of it! Mid-November they will be launching a private beta for what is being called the “first AAA blockchain game” – Blankos Block Party, with founder pack purchases that can be made through BitPay Checkout.
Fun fact: Mythical did 75% from ethereum on their Day 1. We think this helps build a great use case for ETH in gaming, NFT tokens, and similar. What do you think?
Bitcoin Black Friday
Ready to cryptify your site’s holiday purchase experience? Join us and our other merchants who are getting ready for the biggest shopping days of the year. Here are some promotions happening on Bitcoin Black Friday:
- Ace Jewelers – 20% off selected luxury watches & jewelry! Use code BF2020BitP@y
- ATHEIST Shoes – Use code HandmadeComfy for 10% off
- Blocklete Games – Custom Art Golfer by Tommy Wilson
- Cryptohopper – 30% discount on your subscription. Use code BLACKFRIDAY
- HOSTKEY – Up to 60% discount on dedicated servers
- Inverdiamond – It’s our birthday! Enjoy 7% off
- Murf Electric Bikes – 10% off a MURF ELECTRIC BIKE [US Only]. Use the HODL code
- Newegg AU – Get up to AUD 75 off on your order of AUD 465 or more. Use code AUSBTCBF
- Newegg HK – Get up to 385 HKD off on your order of HKD $ 2,325 or more. Use code HKGBTCBF
Word of the month: Blockchain
Getting back to basics, our word for this month is ‘blockchain’ (or ‘the blockchain’). This is perhaps the most common word or phrase that you will see in the crypto world. But what does it actually mean when someone throws it into a conversation?
For a most basic definition, you could say that this is the binding (chain) of secure records through a connection of multiple computers. These records are the “blocks” and they contain sets of “hashes” that keep these records up to date and in sync. For a block to accept a new hash entry, it must be verified by this connecting network. This is what keeps the blockchain so secure. If something happens to a computer or block, it will not affect the rest of the network or chain. The purpose of the blockchain is to enable the recording, storage and distribution of information – but not modifiable.
Product Spotlight: BitPay Extension
There should never be a day on the calendar when you can’t spend crypto anywhere you want – and yet you want to. This is why our BitPay extension is a free service that we provide to our end users to facilitate purchases with BitPay, and is an added benefit for you, our merchants! Learn more about the BitPay extension here.
Marketing Spotlight: Newegg and BitPay
Looking for ideas on how to educate your customers about blockchain payments and drive sales adoption on your website? Watch this video where Newegg explains who, what, where and how BitPay payments are made.
New! Our new product launch: BitPay Send
Now you can pay crypto to anyone, anywhere with BitPay Send! This new product is ideal for businesses that need to make payroll payments, facilitate customer withdrawal requests, pay independent contractors or affiliates, issue rewards or discounts, and settle financially with market sellers using crypto. -Currency anytime, anytime – without having to own or manage digital currency. and the exposure inherent in its volatility or risk.
Download our sell sheet on our Resources page for more information.