Blockchain now has over two million bitcoin wallets in the wild, having added roughly one million over the last six months alone.
Peter Smith, Blockchain's COO, said:
Smith added that strong growth coupled with price stability is an indicator that the industry is moving towards a "transactions paradigm."
Indeed, the company has witnessed rapid expansion in recent months.
Smith pointed out that downloads "exploded" in July, after its iOS wallet was re-launched and made available on the Apple App Store. Earlier this summer, the company also updated its Android wallet with a number of merchant-friendly features.
Bitcoin wallet provider MultiBit also passed the one million mark in March 2014. However, MultiBit cautioned that the statistics were not complete, as data on early adopter downloads dating back to 2011 was lost.
There is, however, an important caveat. A significant number of downloaded and installed wallets does not necessarily translate into active bitcoin users.
Wallets are frequently downloaded by people with a casual interest in bitcoin, which means a large number are inactive or abandoned. Blockchain.info charts shed more light on bitcoin user statistics, but it is still difficult to say how many truly active wallets are out there and how many have been abandoned.
Blockchain told CoinDesk that it is currently handling tens of thousands of transactions every day. An estimated $22bn in bitcoin transactions were made using Blockchain software so far.
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