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TALLINN, Estonia – JULY 2, 2022 – After an enormous bull run in 2020 and 2021, the crypto market has struggled for the reason that begin of Could. The whole market capitalization of cryptocurrencies fell under $1 trillion as the worldwide crypto market cap shrank by over $2 trillion after peaking at over $3 trillion in November 2021. Virtually all the highest cash at the moment are price half and even lower than their all-time highs.
The crypto market has been below strain from the US Federal Reserve, which has raised rates of interest to combat inflation. Nevertheless, the present bear market started within the first week of Could when main cash fell together with the inventory market. However, PointPay firm was in a position to keep secure progress.
Within the first half of 2022, PointPay trade buying and selling turnover grew to $58 million, representing a 16% improve over the top of 2021. The corporate’s annual report states that its lively consumer base has reached 240 thousand which is a 20% improve over the past six months.
The corporate’s progress is attributable to the discharge of latest ecosystem merchandise, together with Launchboard, Escrow, and HR Abilities platforms. The mixing of the Fast Trade and Traditional Trade interfaces with new design led to a 15% improve in downloads of Android and IOS apps.
“Within the second half of 2022, we plan to finish our platform ecosystem, launch new merchandise, such because the PointPay P2P buying and selling platform, and launch a B2B resolution — PaySys. PointPay will proceed to broaden its buyer base by providing the very best options out there within the cryptocurrency market.” mentioned the PointPay CEO Vladimir Kardapoltsev.
Firm Profile
PointPay Company is a cryptocurrency banking platform that was established in 2018. The corporate serves greater than 1 million lively customers worldwide, offering the broadest vary of crypto banking providers to people with Web entry. PointPay’s ecosystem features a blockchain-based financial institution, an trade platform, a crypto pockets, a cost system, Launchboard, Escrow and HR Expertise platforms.
In 2022, one in all PointPay’s affiliate firms was authorised as an Operator of deposit digital foreign money funds / Digital foreign money trade operator in Lithuania. Due to this fact, the corporate is ready to provide cryptocurrency trade providers (crypto-to-crypto and fiat-to-crypto transactions, crypto trade, and different providers) for the customers in Europe.
Media Contact
Firm Title: PointPay
Contact Particular person: Advertising Group
E-mail: Send Email
Metropolis: Tallinn
Nation: Estonia
Web site: https://pointpay.io/
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