Bitcoin Business Adoption Up 30% in Past Year! 📈
Bitcoin’s place in business strategy is quickly being secured.
Checkout our 2024 Bitcoin Business Report breakdown, and more Bitcoin Commerce news from all over the world here:
The 2024 Bitcoin Business report by River Financial shows strong growth in Bitcoin business adoption
Blink Wallet highlights the 5 unique stories in the world of bitcoin circular economies
Chicago home inspection business enables bitcoin payments with Zaprite
Looking for a laugh? Check out our Bitcoin meme of the week at the back of the Roundup! 😁
Find it all here, and thanks from the Velas Team!
Bitcoin Business Adoption Up 30% in Past Year
The River Financial 2024 Bitcoin for Business Report is packed full of info on the growing adoption of Bitcoin by businesses around the world.
The report highlights how Bitcoin has gone from a source of skepticism to an increasingly important part of business investment strategy.
While businesses still make up only a small percentage of overall bitcoin ownership, it’s growing fast - marking 587% growth since 2020 and 30% just in the last year.
Another interesting fact is that the most common concern for businesses before buying bitcoin was its accounting and tax treatment.
The report also shows that Bitcoin adoption among publicly traded companies has grown by 40% in the last year.
The best way for businesses to accumulate Bitcoin? Accept it as payment. As commerce payments in Bitcoin rise, they offer businesses reduced fraud risks, lower fees, and direct access to the thriving Bitcoin community.
Best of all, each different element of Bitcoin for business is highlighted with a case study of real businesses that are putting the theory into practice.
Find the full report here:
https://river.com/learn/files/business-bitcoin-report-2024.pdf
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PayPal aims to make Bitcoin for Business easy
In another sign of growing demand for bitcoin by businesses, PayPal announced that merchants in the USA will now be able to buy and sell bitcoin direct from their PayPal business account
The BitHub article highlights some interesting facts surrounding the news:
The offering is not being extended to New York State due to their BitLicense regulations
Businesses will be able to transfer bitcoin to “eligible” wallets - however the eligibility criteria have not been made available.
Find lots more info in the BitHub article here:
https://bithub.news/paypal-enables-business-bitcoin/
Blink Wallet creators deliver unique bitcoin adoption stories
Check out this article by Blink Wallet, built by the same people that founded Bitcoin Beach in El Salvador.
They are highlighting five unique bitcoin stories from around the world, including a bitcoin call center inspired by a Bitcoin ATM, remittances in the Dominican Republic and graphic design in Nigeria.
We hope you’ll find it inspirational. Check it out here:
https://www.blink.sv/blog/five-fascinating-lightning-network-stories-from-all-over-the-world
Chicago Home Inspectors now accept bitcoin
If you’re looking for home inspection services in the Windy City, look no further. Chicago Home Inspectrum business, Inspectrum, now accepts bitcoin payments!
The site, developed by us at Velas Commerce, features bitcoin payments by Zaprite, which allows customers to pay with Bitcoin on-chain and Lightning Network, right alongside traditional payment options like credit cards and bank transfers.
It’s a really cool solution for invoice based businesses. In fact, we’re keen to try it out too after testing it out.
Check out Inspectrum and Zaprite here:
And our Bitcoin Commerce meme of the week.............🥁🥁🥁🥁🥁🥁
🧭 Navigate Bitcoin’s Lightning Network in a New High Fee Era
The recent spike in Bitcoin prices and network traffic have made a unique combination of headaches and opportunities. It’s also generated a lot of thinking on the future of scaling Bitcoin. Check out our deep dive here.
⚡Tapping into Taproot Assets
Lightning Labs is working on a series of short demo videos walking through using the Taproot Assets Daemon, tapd, from install to mint to transfer to burn! Find the playlist on YouTube here.