Home > Business > Bitcoin going down, purchases for Bitcoin - grows

Bitcoin going down, purchases for Bitcoin - grows

Added: (Thu Dec 06 2018)

Pressbox (Press Release) - Bitcoin going down, purchases for Bitcoin - grows

Coin2Shop analysts have published data about the number of buyers who use BTC and ETH to pay for goods in online shops has increased. And if in August the number of users of the company's plug-in did not exceed 400 accounts, and the number of purchases for cryptocurrency was almost half less - 231 transactions from August 10 to September 10, then for the same dates from October to November the number of transactions increased to 6441 (an increase of 27.8 times compared with September of the same year).

“According to the company's internal statistics, our users pays via BTC more often than ETH in a ratio close to 2 to 1” says company representative Dmitry Sinkevich, “but we will not claim that this trend is permanent - we noticed it in the group we observed for last 4 months. In February 2019, we are preparing to publish a semi-annual report in which we can confirm or correct the growth figures, but the fact that the trend will not disappear anywhere is clear now. ”

Cost reduction of key cryptocurrencies has been observed for 12 months in a row. From November 2017 to November 2018 BTC fell by $6,218 and lost almost 80% of its maximum value (which was observed in December 2017), ETH became cheaper by $339.

About company

Coin2shop was founded in June 2018 by a group of developers from Russia and Estonia. The company is focused on the international b2c market and offers an order service with Amazon and Ebay for cryptocurrency. There are no competitors in this market.

In February 2019, the company plans to issue an expanded report. It will reflect the data on the presentation of consumers who make purchases for cryptocurrency. At the moment, the maximum activity is observed among users from Western Europe, Canada and the USA.

Who may need Coin2shop?

We are among those who believe the blockchain technology has a great potential while the adoption of cryptocurrencies will increase. The aim of Coin2Shop is to make the purchasing experience using cryptocurrencies easier. Now anyone who has bitcoins or Ethereum can spend them directly on Amazon or eBay website without using debit or credit cards.

How to make a purchase?

All you need to do after installing the plugin is to click "Buy with Coin2Shop" on the online store website. Alternatively, you can paste a link to the desired good page in your Coin2Shop account. The next steps you already know - everything will go according to the familiar algorithm.

Submitted by:Roman Skan
Disclaimer: Pressbox disclaims any inaccuracies in the content contained in these releases. If you would like a release removed please send an email to remove@pressbox.com together with the url of the release.