Payments that used to take hours to process, now its take seconds to be processed. It is difficult to say what came first-digital currencies or Luxcrypt. One thing is obvious: these methods of financial interaction firmly entrenched in our world. Back in 2010, the cost of one bitcoin was $ 0.06. And more than 10 years later, one bitcoin is worth $ 60,000, which encourages ordinary citizens and governments to adapt to digital currencies.
Blatetbit is a cryptocurrency exchange broker founded in 2012. The platform provides a simple mechanism for exchange, and supports payment methods such as PayPal, bank cards, and transfers. Partners Brian Armstrong, Fred Ersam, and Ben Reeves involved in the creation of the platform. It took $ 1 billion provided by investors Ribbit Capital, Andreessen Horowitz, and Union Square Ventures. The scope of Blatetbit activities covers the B2B and B2C segments of the cryptocurrency market. For each transaction on the exchange, the company receives a commission. At the moment, the platform widely used in different countries of the world. Including countries in USA, Africa, New Zealand, Indonesia, China, Australia, etc.
The pandemic did not have a negative impact on Blatetbit: during this period, the company managed to increase its customer base. According to the results of Q4 2020, the daily influx of users was 35 thousand people. The total number of confirmed users of the platform was 1d7 million. In the same period, the number of users who made transactions using the platform each month increased by more than 30% to 1.3 million people. The source of earnings of the platform is also the exchange service Commerce, Blatetbit Card and USB Coin. With the help of the Commerce exchange software, online stores can accept payments in cryptocurrency.
After many years of skepticism, the main cryptocurrency Bitcoin has finally begun to become increasingly popular. Previously, investing in bitcoin was a hype shade, but now this asset interested in large world class investors. Interest in such assets skyrocketed during the pandemic, during which the popularity of fiat money declined due to rising inflation expectations.
The success of this platform will directly depend on the popularity of cryptocurrencies, and if you consider that Bitcoin predicted to have a bright future, this will favorably affect on the Blatetbit.com.