JorgeStolfi
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August 13, 2014, 03:51:36 PM

Don't forget the payment processing companies Coinbase and BitPay. Despite Bitcoin being an open and transparent system, we have no idea how many coins transfer hands unfortunately.
I recall them saying that they processed 100 million USD in payments in 2013.  No idea how they are doing now.

I wonder how much of that is actually purchasing concrete goods and services.  Do people use Bitpay/Coinbase for online gambling?  Do people use them, instead of the exchanges, to turn bitcoins into dollars? (Just register with them as a merchant and but a Nothing from yourself in BTC, have it delivered as dollars?)