BitcoinWallet.com Reports $1,000,000 Worth of Bitcoin Transacted in First 60 Days

Eric Calouro
By Eric Calouro June 24, 2014 16:31

BitcoinWallet.com Reports $1,000,000 Worth of Bitcoin Transacted in First 60 Days

Newly-launched BitcoinWallet.com is reporting some interesting figures when it comes to statistics collected in the first sixty days of operation.

The website says that over the past two months, they have exceeded over $1,000,000 worth of bitcoin transacted in this period – 2,400 bitcoins to be precise. Over 5,000 registered users have completed 23,000 transactions — with 100 percent of those users said to be using two-actor authentication.

“We have a growing density of users in developing regions where bitcoin offers convenience and cost advantages over traditional banking and remittance services,” said BitcoinWallet.com co-founder Price Givens. “In particular we see adoption of our service in Africa, Indonesia and India.”

According to Mr. Givens, China just might look to be the next big audience for their wallet service.

“The fact that our users have transacted over $1,500,000 [not based on current exchange rate] through our system serves to further confirm the viability of bitcoin as well as the benefits of BitcoinWallet.com and our instant user to user transfer feature,” said Alex Charfen, another co-founder of the wallet service.

Based in Orange County, California, BitcoinWallet.com was started with significant investment capital. Reports in February indicated that the BitcoinWallet.com domain name had been sold by Niko Younts for a cool $250,000.

The title of the web’s most popular wallet service goes to Blockchain.info, however. Their platform has transacted at last count over $3.1 billionand has over 1.7 million users.

Eric Calouro
By Eric Calouro June 24, 2014 16:31

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