January 2024 Newsletter for All Things BitPay & Crypto | BitPay

January 2024 Newsletter for All Things BitPay & Crypto | BitPay

Time Stamp: January 19, 2024 10:11 AM
Source Node: 2447924

Welcome to our first newsletter of 2024, a year that promises to be a thrilling journey for everyone in the cryptocurrency community. As we embrace the new year, we’re excited to bring you the latest updates from around the cryptocurrency industry, insightful analyses on the evolving landscape of crypto payments, and the most recent advancements in our BitPay’s product offerings.

In This Issue:

BitPay in the News

Check out the latest news from BitPay this month:

Industry news

Read news from across the blockchain industry:

How Bitcoin ETFs Can Impact Crypto-Savvy Merchants

In our latest insights for merchants, we delve into how the approval of Bitcoin ETFs is ushering in a golden era for crypto-savvy merchants.

The SEC’s green light for 11 spot Bitcoin ETFs not only boosts investment options but also signals a bullish trend for merchants accepting crypto payments, as higher Bitcoin prices typically correlate with increased consumer spending in crypto.

This development, coupled with the upcoming Bitcoin halving in April 2024, presents a prime opportunity for merchants to integrate crypto payments into their operations, tapping into a market of younger, tech-savvy, and high-spending consumers. Read the full article here.

Nominate Your Favorite Merchants for the Best of BitPay Awards 2023

We’re celebrating all of the innovating brands, retailers, and organizations that accept cryptocurrency! Whether you’re a current merchant or avid customer, we want to hear from YOU!

Nominations are open now through January 31st. Once nominations are in, voting will begin on February 1st and run through February 28th.

→ Nominate your favorite BitPay merchants for this year’s Best of BitPay Awards.

Product Focus: Payouts with BitPay Send

BitPay’s latest Stats update showcases how businesses across the globe are using BitPay Send. Affiliate payouts and customer rebates/rewards/refunds lead the way as top use cases, with payroll, cash outs, and B2B vendor payments growing steadily.

With BitPay Send, companies can effortlessly send Bitcoin, Ethereum, and other crypto payments worldwide, offering a simple, secure, and cost-effective alternative to traditional payment methods, all without the need to buy, hold, or manage crypto themselves. 

→ Explore BitPay Send and discover how it can streamline your business’s payment processes.

This Valentine’s Day, elevate your gift-giving with the exquisite selection of jewelry, watches, and high-fashion accessories at Jomashop. Embrace the future of shopping by using cryptocurrency to purchase that perfect, luxurious gift for your loved one. Discover the ease and convenience of paying with BitPay at Jomashop, where timeless elegance meets modern payment innovation, making your Valentine’s Day shopping experience as special as your gift.

→ Start your Valentine’s Day shopping with Jomashop

Questions to Ask Your Payment Processor

Don’t risk partnering with the wrong crypto payments provider. Arm yourself with the right questions to ask when vetting potential partners.

Question #08: Do they have a list of referenceable clients? If so, who?

Read the overview here or download our expanded guide of questions to help spot a reliable and trustworthy crypto partner.

→ Get the e-book

Bitcoin Halving Countdown

The Bitcoin halving is slated to take place in April 2024. With the upcoming Bitcoin halving event, merchants have a unique opportunity to capitalize on the increased interest in Bitcoin spending. By accepting Bitcoin payments through BitPay, merchants can tap into a growing customer base and benefit from the potential surge in Bitcoin transactions. Don’t miss out on this chance to stay ahead of the curve and sign up with BitPay today.

Word of the Month: Dollar-Cost Averaging

explanation of what dca in crypto is

Dollar-cost averaging (DCA) means making smaller, equal investments on an ongoing basis, instead of making large or irregular crypto buys. Although cryptocurrency can be considerably more volatile than stocks, dollar-cost averaging with crypto can help you reap many of the same rewards traditional equities traders enjoy through the strategy.

By regularly buying your favorite coins, you’ll be automatically investing more over time no matter what’s going on in the crypto market. This enables you to grow your holdings, and can lower your overall cost-basis during dips.

→ Learn more about dollar-cost averaging

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