BitPowr, a leading provider of digital assets custody and blockchain infrastructure and a 500 global backed company, has achieved a monumental milestone, surpassing $200 million in total transactions processed on its platform since its launch in January 2022. This remarkable achievement is a testament to the company’s unwavering commitment to democratizing finance and making it accessible to everyone, regardless of their background or technical expertise.
BitPowr has proven to be outstanding in the blockchain infrastructure industry, enabling institutions and developers to build blockchain-powered solutions and securely manage digital assets operations at scale.
BitPowr’s impact on the blockchain industry has been nothing short of revolutionary. Bitpowr has also played a leading role in promoting the adoption of blockchain infrastructure around the world, helping to usher in a new era of financial freedom and inclusion.
In a recent interview, Toby Oyetoke, the co-founder of Bitpowr revealed that Asian customers have surpassed African customers in terms of contribution to the company’s $200 million transaction milestone. This is a significant development, highlighting the growing demand for financial institutions that need easy access to the blockchain tools and infrastructure they need to launch and scale their products and services—in the Asian market.
“Currently, we do up to $20 million per month in terms of traction volume processed, and that is from April 2022 till now. We now generate more revenue than we spend. We are cash flow positive,” said Oyetoke.
Going forward, Bitpowr will expand into the Asian market, particularly South East Asia. The company will continue its business in Africa while building its international ledger and wallet infrastructure in its expansion to the Asian market.
Furthermore, BitPowr proudly announces its SOC 2 compliance and the initiation of the ISO 27001 audits process by partnering with Thoropass, reinforcing its commitment to maintaining the highest standards of security and compliance.
A recent report by Chainalysis revealed that Asia is now the largest cryptocurrency market in the world, and BitPowr believes that it has a strong opportunity to grow its business in the region.
With Asia becoming the world’s largest cryptocurrency market, BitPowr sees immense potential for growth in the region.
“To fuel this move, we will hire people from Asian countries who will help us market our services in the Asian countries, then hire more when we check our growth process after four months into the transition.”
“There is a good demand from Asia right now. We are seeing increasing representation in transaction volume which also translates to an increase in revenue for us,” said Amarachi Amaechi, the Co-founder and COO of Bitpowr.
The company’s expansion into the Asian market is expected to further accelerate its growth.
The company’s expansion into the Asian market is a win-win for both the company and its customers. BitPowr will be able to grow its business and reach a new market, while its customers will be able to access innovative digital assets solutions, and services that can help them achieve their financial goals.
