RATE Group | Bitcoin Transaction Volume Tops PayPal, Creeps Up on Visa
40080
post-template-default,single,single-post,postid-40080,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Bitcoin Transaction Volume Tops PayPal, Creeps Up on Visa

26 Aug Bitcoin Transaction Volume Tops PayPal, Creeps Up on Visa

Posted at 09:29h in Bitcoin News by

[ad_1]

Bitcoin Transaction Volume Tops PayPal, Creeps Up on Visa

To many, Bitcoin’s shot at “real-world” utility is defined by the yardstick of Visa’s transactional throughput; yet, the original cryptocurrency now purportedly handles more annual transacted value than PayPal—and appears to be gaining on Visa, fast.

Reporting $1.3 trillion processed in 2018 alone, the dollar value of all Bitcoin transactions has effectively outstripped online payment processor PayPal and Discover credit card, and stands “an order of magnitude away from Visa,” according to Yassine Elmandjra, a cryptocurrency analyst at ARK Invest, a New York-based investment firm.

While Visa handled a lofty $8.9 trillion in 2016, Bitcoin appears…

[ad_2]

Source link

Tags:
, , , , , ,