Blockchain.info, one of the first bitcoin wallet providers established, hit the 4 million user mark recently. The company has just reached its 2 million user mark last year and has since doubled the amount of clients it serves.
“This is really exciting as it points to a positive trend in bitcoin adoption,” the bitcoin wallet company noted.
Bitcoin Wallet User Growth
The bitcoin industry has encountered more than a few roadblocks in the past year, starting from the continuous tumble in prices and the hacking incidents here and there. Nonetheless, these challenges have been unable to stop Blockchain.info from hitting its targets and expanding its user base.
There have been several competitors in the bitcoin wallet sector yet Blockchain.info has also managed to retain majority of the accounts opened and even outpace its rivals. Coinbase, which is another popular bitcoin wallet provider, currently has around 3.8 million users.
Apart from its bitcoin wallet service, Blockchain.info also provides a well-known blockchain explorer, as well as charts on various areas of the Bitcoin ecosystem. The company has been able to secure $3.8 million in funding in October last year and has been backed by top-tier investors including Lightspeed Venture Partners, Wicklow Capital, and Sir Richard Branson, helping it counter the slowdown in innovation and solve technical issues in the software.
The company was able to gain strong popularity after it was selected among several bitcoin companies to join UK Prime Minister David Cameron in a trade mission to Asia. Keep in mind that the UK government has been supportive of cryptocurrency developments, after issuing a call to information about digital currencies and garnering several responses from esteemed experts and large institutions.
Blockchain.info continues to maintain the simplicity of its interface, which makes it easy for new entrants to the bitcoin industry to understand how the market works. According to the company’s about page, it is the strongest and most trusted brand in bitcoin these days.