RATE Group | Bitcoin on Track to Transfer More Value Than Mastercard Daily
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Bitcoin on Track to Transfer More Value Than Mastercard Daily

24 Nov Bitcoin on Track to Transfer More Value Than Mastercard Daily

Posted at 18:18h in Bitcoin News by

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With a daily transaction volume of over $8 billion, Bitcoin (BTC) is on track to overtake Mastercard, the second largest credit card network in the world, in volume.

On October 30, Mastercard released its financial results of the third quarter of 2018. Year-to-date, the credit card company has processed around $4.4 trillion. On a daily basis, Mastercard has settled nearly $12 billion per day.

Bitcoin, the most valuable cryptocurrency in the global market, has been processing just over $8 billion every day. According to a chart published by Trustnodes, BTC has been able to clear 272,000 transactions per day valued at $8.14 billion.

Inaccurate Comparison?

Mastercard and other credit card networks like Visa primarily handle payments made to merchants in both online and offline ecosystems. Hence, comparing the entire transaction volume of BTC to Mastercard’s volume can be considered as inaccurate.

A more accurate comparison of Bitcoin’s volume…

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