Is BitPay the biggest cryptocurrency payment processor?

C onsumers and businesses are increasingly starting to use digital tokens other than Bitcoin for purchases, according to BitPay Inc., one of the biggest crypto payments processors in the world.

How much money is invested in cryptocurrency?

Approximately $112 billion is traded in cryptocurrency per day. 65% of cryptocurrency users are bitcoin owners. $22 invested in Bitcoin in 2012 would be $1 million today. The top 10 cryptocurrencies make up 88% of the total market value. There are more than 6,000 different types of cryptocurrency.

Can You cash in Bitcoin for a new electric car?

Holders of Bitcoin may be able to cash in some of their investment in the digital currency for a brand new electric car. Electric automaker Tesla said Monday that it has invested around USD 1.5 billion in Bitcoin and it plans to begin accepting the digital currency as payment for its high-end vehicles soon.

Will Tesla accept bitcoin in the future?

Today in an SEC filing, Tesla disclosed that it has acquired $1.5 billion in bitcoin, the popular cryptocurrency. Moreover, the company noted that it may also accept bitcoin in the future as a form of payment for its cars, though it did allow that there is some regulatory uncertainty around that effort.