Share this article
Payment Processor Payza's Bitcoin Transactions Rise 20% Per Month
Global online payment processor Payza has said its bitcoin transactions have been rising steadily by about 20% per month.
Updated Sep 11, 2021, 11:42 a.m. Published May 25, 2015, 12:30 p.m.
Make us preferred on Google
The number of bitcoin transactions processed by global online payment processor Payza has been rising by around 20% per month, the company has revealed.
Payza, which serves 100,000 online merchants, also noted payments in the digital currency represent approximately 10% of its monthly withdrawal and deposit volume.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Payza first introduced its bitcoin purchase option in August 2014, enabling users to buy bitcoin using funds in their Payza account. Two months later, the company introduced a bitcoin selling option.
Robert Elbaz, interactive marketing strategist at Payza, told CoinDesk:
"The volume we've seen since opening up bitcoin withdrawals and deposits has been very encouraging. In nine months, since launching the withdrawal option, and even since launching deposits, we've had members from over 100 countries take advantage of the new features."
He went on to say he is excited about the possibilities cryptocurrencies present for e-commerce.
"We've been monitoring the evolution of cryptocurrencies for some time and made the decision to get involved in bitcoin in January 2014," Elbaz added.
Bitcoin checkout option
Payza is set to launch a bitcoin checkout option this week, enabling consumers to pay for goods on its merchant partner sites in the digital currency.
To begin with, Payza will exchange the bitcoin payments into fiat immediately, so merchants will only receive payment in fiat. However, the company is looking into the possibility of giving merchants the opportunity to receive payments in bitcoin.
The payment processor is also interested in entering the wider crypto world, as Elbaz said the company could potentially adopt other digital currencies, although this would be subject to demand.
Firoz Patel, executive VP of strategic partnerships and corporate affairs at Payza, concluded:
“We believe in the potential of cryptocurrencies. Offering services that revolve around bitcoin and other digital currencies is a natural step that all online payment platforms will need to take.”
Graph image via Shutterstock.
More For You
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
Bitcoin and ether volatility trading gets easier with Polymarket's new contracts
Polymarket has launched new prediction markets tied to Volmex's bitcoin and ether 30-day implied volatility indices.
What to know:
- Polymarket has launched new prediction markets tied to Volmex's bitcoin and ether 30-day implied volatility indices, allowing users to bet on how high volatility will get in 2026.
- The contracts pay out if volatility indices reach or exceed a preset level by Dec. 31, 2026, letting traders wager on the intensity of price swings rather than market direction.
- Early trading implies roughly a one-in-three chance that bitcoin and ether volatility will nearly double from current levels.
Top Stories
