Share this article
BitPay Sees 6,260% Increase in Bitcoin Black Friday Sales
BitPay processed more than 6,000 transactions on Bitcoin Black Friday, an increase of 60 times on the previous year.
Updated Apr 10, 2024, 3:07 a.m. Published Dec 3, 2013, 9:46 a.m.
Payment processor BitPay recorded a record number of transactions during the 'Bitcoin Black Friday' event on 29th November, accounting for 6% of all bitcoin transactions on the day, according to an announcement from the company.
"[The bitcoin economy] is soaring … as merchants are seeing tremendous value in accepting bitcoin payments," said BitPay CEO Tony Gallippi.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
BitPay said it processed 6,296 bitcoin transactions on Black Friday this year. Transaction volume grew by just under 6,260% compared to a year earlier – BitPay processed 99 transactions on the same date last year. Merchants with the most transactions on Black Friday were Swedish bitcoin mining equipment company KNC Miner, American digital gift-card platform Gyft and gold and precious metals retailer Amagi Metals.
E-commerce platform Shopify made bitcoin payments available to its merchants with BitPay as its payment processor on 25th November. About 75,000 merchants use Shopify's e-commerce platform. BitPay reports that it currently has 14,000 merchants who accept bitcoin payments.
BitPay is one of several startups focused on bitcoin that has raised significant amounts of funding this year. It closed a $2m round from prominent venture firm Founder's Fund in May. Competing firm Coinbase raised $5m in funding in the same month, with Union Square Ventures leading the investment round.
The biggest funding round to date was raised by a startup called Circle, which raised $9m last month to develop services that will accelerate adoption of bitcoin by merchants and their customers. The company hasn't officially announced its products yet, but it is likely to become a rival to payment processors like BitPay and end-to-end services like Coinbase. Circle is founded by Jeremy Allaire, a technology luminary who was responsible for creating the web development language ColdFusion.
Disclaimer: CoinDesk founder Shakil Khan is an investor in BitPay.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
DOT Sinks 2% After Breaking Key Support
The Polkadot token erased earlier gains amid elevated volume, falling from a high of $2.09 to $1.97.
What to know:
- DOT collapsed through ascending trendline support around the $2.05 level on a massive 284% volume surge.
- The token broke decisively below the support level to trade 2% lower over the last 24 hours.
Top Stories
