Altcoins Talks - Cryptocurrency Forum
Learning & News => News related to Crypto => Topic started by: mlawson71 on December 01, 2021, 03:48:55 PM
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According to recent data, for the first time in history the average quarterly volume of transactions in USD recorded on the Bitcoin network surpassed the volume processed by online payments giant PayPal.
According to said data, this year the Bitcoin network processed an estimate average of 489 billion USD per quarter and PayPal processed 302 billion USD, which means that Bitcoin surpassed it by some 62%!
That said, the Bitcoin transaction volume still pales in comparison to the amounts processed by payment providers like Visa and MasterCard this year, which sit around 3,2 trillion and 1,8 respectively.
It is expected, however, that by 2026 Bitcoin will surpass both of them.
Source (https://www.forexbrokerz.com/news/bitcoin-transaction-volume-surpasses-that-of-paypal)
Given this report it’s no wonder all the companies are jumping on the Bitcoin bandwagon.
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The number of Bitcoin wallets has increased. This naturally increased the number of transfers. This is a natural result. People's preference is shaped towards new technologies such as Bitcoin. This is an inevitable end. A natural result. I was not at all surprised.
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I don't wonder, PayPal transaction fees are very high, people would find better solution in transferring money with less fees