Bit2Me, the first company to be recognised by the Bank of Spain as a virtual currency service provider, has increased its corporate business line in Bit2Me Wallet. Operations already account for more than 10% of the company’s annual revenue and will exceed €100 million by 2021.
On the other hand, the number of companies using Bit2Me’s service increased by 680% in 2021 compared to the previous year. A figure that reflects the confidence that the Spanish exchange convey to those companies that wish to operate with cryptocurrencies.
By 2022, Bit2Me expects to triple its number of corporate accounts due to various factors such as the increase in institutional adoption of cryptocurrencies or the rise in inflation in recent months.
Abel Peña, Chief Sales Officer at Bit2Me, believes that “rising inflation and uncertainty in global markets is attracting – increasingly – the attention of companies to blockchain technology and cryptocurrencies, as these are configured as a real alternative to combat inflation”.
The most frequent transactions carried out by companies registered in Bit2Me Wallet are focused on the purchase of cryptocurrencies of recognised prestige such as Bitcoin or Ether (token of the Ethereum blockchain).
The Bit2Me Wallet service is backed by a policy of up to 150 million euros with the UK insurance market Lloyd’s. This agreement stems from the agreement signed between Bit2Me and Ledger Enterprise, the leading company in self-custody solutions for digital assets.
A large number of companies also choose to use the Bit2Me Earn service to earn cryptocurrency rewards of up to more than 10%. Bit2Me Earn is a free service that offers cryptocurrency holders rewards in the form of cryptocurrencies for transferring and storing them in their Bit2Me account, with no fees, complete freedom and immediate liquidity.